Tariffs: How Smart Retailers and Brands Are Handling the Trade War

JIM SHEA | February 19, 2019

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The trade war with China has been cited as a primary cause of much of the recent economic volatility, from the stock market dive last fall to fluctuations in oil prices. While it's clear that tariffs are creating some level of instability as companies and investors try to guess what will happen next, many retailers and brands have already taken action in order to prepare for the worst.As we know, in September 2018, the U.S. implemented tariffs on $200 billion worth of Chinese goods (in addition to the $50 billion already in place). These tariffs carried an initial rate of 10 percent, with a plan to increase them to 25 percent by Jan. 1, 2019, while adding $267 billion in additional goods to the list. In December, the U.S. and China agreed to a temporary truce, moving the Jan. 1 date to March 1, 2019, as the two sides work towards a larger trade deal.

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Big Belt is a young company with its plant in Mogi Mirim / SP. Created from an innovative idea thinking of a sustainable and practical logistics system, the company started to manufacture high strength straps to stabilize products that are placed on pallets to be transported. The Big Belt arrives with reusable straps that support high loads under pressure, without products moving or being affected, avoiding breakdowns. Today, various industry segments, such as supermarkets, distributors, food industries and logistics operators, use Big Belt belts to package their products with incredible results for the environment, optimization of operations time and cost savings

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