Reciprocal tariffs: Role of accountants to mitigate business impact

A reciprocal tariff works differently as the rate is determined based on country of origin.

THERE are countless opinions on the allegedly flawed basis used in arriving at the reciprocal tariff rates. There are serious concerns over the domino effect.

Some hope they are of temporal nature to bring parties to the negotiation table while others fear irreversible damages to globalisation and free trade.