However, the answer to ‘what happens next’ is not an easy one and something only a crystal ball can answer as these proposed increases could all be part of a strategy to get foreign countries to the negotiation table and are subject to change at any moment. Until the dust settles on the tariff negotiations, the only certainty in the foreseeable future is more uncertainty.
But that does not mean we have to sit and wait for the outcome to come up with strategies on how to help customers in these uncertain times. With the looming tariffs in mind, I did what so many of us do these days when presented with a question that is not easy to answer, I asked AI for help.
Below are ChatGPT’s top 5 answers when asked: How can Industrial Valve Distributors help navigate tariffs. Let’s grade the answers.
1. Navigating Tariff Codes (HTS Codes). Valve distributors can help businesses identify the correct Harmonized Tariff Schedule (HTS) codes for the specific valves being imported or exported. Correctly classifying products can prevent costly errors, such as misclassification penalties or overpayment of duties.