Tag: tariffs
What is your Business System Strategy for Accounting for Tariffs?
Posted on: September 20, 2019 | By: Andy Vitullo | QAD Financials
The current US trade climate in 2019 involves the use of tariffs to apply economic pressures on United States trading partners. The overall strategy is intended to create an outcome more favorable to US businesses and the greater US economy. If you are a US business with operations in China, these tariffs are having an immediate impact on the price of inbound material, as well as, creating downward pressure on...