Adjunct Professor Matt Gold was quoted in an NBC News article about the proposed tariffs by the Trump administration.
At the height of the Great Depression, Congress created a program to help American businesses ease the pain of crippling tariffs.
That program, which allows the designation of special geographic areas known as “foreign trade zones,” is still in place today. Cities, states and companies — which began looking more to the zones several years ago when Donald Trump launched his campaign for the White House — are now sure to step up their use of FTZs as a way to lessen the impact of the president’s newly ordered tariffs, experts told NBC News.
“Generally, if tariffs increase, foreign trade zones become much more popular, and on the whole, a lot more valuable,” said Matt Gold, a professor of international trade law at Fordham University School of Law.