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CNN's Matt Egan reported that the current tariff exclusion system, utilized by U.S. companies to avoid punitive tariffs, is seen as fundamentally flawed. Businesses seeking these exclusions often encounter a lack of transparency, leading to concerns about favoritism in the application process. Historical data suggests that political connections may have influenced which companies received exclusions, raising ethical questions regarding the tariffs.
The Trump administration has yet to clarify if an exclusion system will be established under its new term. Meanwhile, businesses are bracing for increased tariffs on products from both China and Mexico, leading to uncertainty about how to navigate these financial challenges.