Indeed, changing trade policies such as tariff threats often puts companies in a position where they need to adapt quickly in order to protect their interests. Here’s how:
1. Hiring Lobbyists: Companies often seek the help of lobbyists to influence decisions related to tariffs and trade policies. Lobbyists use their connections and knowledge of the legislative process to argue on behalf of the companies and mitigate the potential impact of such policies.
2. Looking for Loopholes: Companies may consult with legal and trade experts to identify
