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Top CPA Firm and Business Consultants in Exton, PA |
At RKL, we help organizations and individuals take on everyday challenges and opportunities while preparing them for whatever comes next in their business and their lives.
Whether it’s enhancing profitability, adopting new technologies, driving efficiency or securing your financial future, you can count on our advisors to walk the journey with you, providing trusted guidance and real results. Our approach is pragmatic, honest and always focused on you. |
Committed to our Community
At RKL, it all comes down to our people and the values that guide us. The RKL team aims to be bold, caring and collaborative as we serve our clients, support each other and give back to our communities. RKLers contribute their time and talents to organizations throughout Greater Philadelphia, such as Habitat for Humanity of Chester County and the Chester County Food Bank. You’ll find RKL team members lending a hand to serve local communities like West Chester, Coatesville, Downingtown, Phoenixville and others. |
News
Tariffs and Trade: Key Strategies for Manufacturers Navigating a New Era
As a manufacturing leader, navigating the hour-by-hour changes in U.S. tariff landscape is a complex and demanding responsibility with significant potential implications on your business operations. Manufacturers in a variety of industries are anticipating cost increases, supply chain disruptions, and mounting regulatory compliance concerns. While definitive answers remain elusive, let’s explore the nature of tariffs, potential strategies and how manufacturers throughout Pennsylvania and beyond are responding.
Understanding the Nature of Tariffs
Historically, tariffs have served as a tool for the protection of domestic industries, a source of government revenue, and a leverage point in international negotiations.
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Understanding the Nature of Tariffs
Historically, tariffs have served as a tool for the protection of domestic industries, a source of government revenue, and a leverage point in international negotiations.
- Protection of Domestic Industries: Tariffs can make imported goods more expensive, thus promoting the consumption of domestic alternatives and protecting local jobs and industries.
- Revenue Generation: Tariffs can provide a significant source of income for the government, which is especially pertinent in the context of large-scale economic policies.
- Negotiation Leverage: Tariffs have been used as a strategic tool in international negotiations to encourage foreign nations to amend trade practices deemed unfair.
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