As tariffs become more common, Arizona businesses seek foreign trade zones for tax relief

Businesses in foreign trade zones can defer paying duties and taxes until their products leave the zone at the point of sale.

Threats of increased tariffs and ever-changing federal deadlines have left businesses that rely on importing and exporting products with uncertainty and questions, but a program created during the Great Depression could help some businesses with planning.Foreign trade zones are special areas that act as an “island within U.S. commerce,” where goods can be imported and components can be manufactured into finished goods, and the items are not subject to duties and taxes until they leave the zone, said Melissa Irmen, director of advocacy and strategic relations for the National Association of Foreign Trade Zones.Need a break? Play the USA TODAY Daily Crossword Puzzle. …

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