One of the most important lessons of the past two years is the detrimental effect uncertainty has on businesses of every size. From the COVID-19 pandemic to supply chain bottlenecks and every other issue that’s presented itself, businesses have had to grapple with uncertainty on an unprecedented level, which has created serious implications for the job market.
While society has opened back up and there are signs at least some of the supply chain issues are easing, one major driver of uncertainty still remains in the form of tariffs on imports from China. The tariffs were first implemented in 2018 as part of the trade war with China but rather than having any beneficial effect on the balance of trade between the U.S. and China, they have created a heavy and unnecessary tax that is an enormous weight on U.S. businesses.
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