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American Businesses Paid 54 Percent More in Trump Administration Tariffs in September

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

The Trump administration’s actions on trade have already proved substantially costly to American companies. In September alone, U.S. businesses paid $4.4 billion in tariffs just on imported goods—and that’s up 54 percent over September 2017, according to a Tariff Tracker produced by industry coalition Tariffs Hurt the Heartland. And exports are dwindling as companies look…

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