Large US companies take steps to avoid tariffs

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Large US companies take steps to avoid tariffs

July 23, 2018 - 16:40
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Large US companies such as Amazon.com andT oyota Motor Corp take steps to avoind threats that hide in new tariffs, Reuters reports.

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Large US companies such as Amazon.com andT oyota Motor Corp take steps to avoind threats that hide in new tariffs, Reuters reports.

Amazon, the largest online retailer and cloud computing company, can suffer because of duties on goods sold through web-site and components for data centers. As a result, Amazon plans for wide advertising campaign and lobbying of its interest in government.

Toyota Motor North America, subsidiary of Japanese Toyota, will be hurt if Trump implements tariffs on imported cars. The company sent its workers for rally in front of US Capitol in Washington.

Alcoa is negotiating with administration of President duty exception for Canadian aluminum. As a result of tariffs on material imported from Canada, company will incur additional $14 million expense.

Apple Inc. already won guarantees from Trump's administration that no tariff will be appplied to iPhones imported from China.