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Latin Times
Latin Times
National
Maryam Khanum

Trump Admin Gave Tariff Exemptions to Companies that Donated to Republicans: Study

The federal government may allow certain firms to avoid paying duties imposed on such goods simply by providing firms with approval. (Credit: AFP)

US firms may be looking at a specific method by which they can avoid the impact of tariffs levied on major trade partners by the Trump administration: donating to the Republican Party.

With President-elect Donald Trump set to assume office this month, many local companies are preparing themselves for the impact of the 47th president's tariff plan, in which he has promised to levy 25% tariffs on all goods sold to the US from certain countries including Canada and China, and Mexico.

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