D Magazine: Dallas Businesses Are Confused, Overwhelmed, and Hesitant Over Tariffs
- Schulz Trade Law
- Apr 15
- 2 min read
Updated: May 31
Dallas Businesses Are Confused, Overwhelmed, and Hesitant Over Tariffs
By Dylan Duke | April 15, 2025
Trump’s tariffs are poised to pose huge challenges to international trade, and it seems that Dallas businesses were largely caught off guard.
On the evening of April 7 in a Preston Center law firm conference room, a group of confident-looking European business owners and smart-sounding American logistics professionals gathered to discuss one thing: their anxiety and confusion over Trump’s looming tariffs.
The meeting was led by a task force formed by the European American Chamber of Commerce, but even they didn’t pretend they weren’t confused by the flurry of hourly announcements about the tariffs, a tax on imported material and products that businesses have to pay. The meeting reflected a lot of the fear and hesitancy business leaders have expressed in recent months over Trump’s decision to launch a trade war against the entire world, using tariffs as his primary tool.
Dallas International Law Professional weighs in on Tariffs
Schulz Trade Law founder and EACC task force member Michelle Schulz, who spends a great deal of time helping businesses remain compliant with international trade law, says many of her clients are exploring trade alternatives due to the recent tariffs.
“Pretty much all the companies that we work with, they’re in one crisis or another,” Schulz said.
She explains that a big part of the reason why is because a lot of Dallas companies use the U.S.-Mexico-Canada Agreement (USMCA), a free trade agreement signed in 2020 to promote the North American economy.
“Now the complexity has increased,” she said. “If you want to use the USMCA, you have to now understand whether other tariffs apply at the same time, and whether you can calculate your U.S. content correctly in order to exclude it. So I think that just our location being so close to Mexico and right in the center of the country, it means that companies who are taking advantage of the USMCA may or may not be able to continue the way that they’re doing business—they’ll have to make a change.”
Please continue at D Magazine to read the full article
About Us
Komentáře