US Companies Scramble for Tariff Exemptions Before Deadline
Published on 7.31.25
US trading partners are scrambling to reach deals with the US ahead of a deadline for imposing new tariffs, which will take effect on August 1. The Trump administration has announced plans to impose tariffs on $200 billion worth of Chinese goods, sparking concerns about trade tensions and potential disruptions to global supply chains. Companies such as Apple and Intel have already begun negotiating with the US government to avoid the tariffs, while others like Samsung and LG are exploring alternative suppliers in countries not subject to the tariffs. The deadline for reaching deals is rapidly approaching, with many companies racing against time to secure exemptions or find ways to mitigate the impact of the new tariffs.