How U.S. companies are mitigating Trump tariffs with foreign trade zones

A foreign trade zone is a physical site located near a U.S. port of entry where goods can be stored, assembled, modified, or repackaged duty free. Fees are collected only after a product leaves the zone and enters U.S. commerce. Companies that have operated inside Foreign Trade Zones include Ford, GM and Chrysler as well as General Electric, Intel and Sony. Since tariffs were announced interest in foreign trade zones has surged.