The Trump administration’s pledge to retool the North American Free Trade Agreement has some small businesses drawing up a Plan B. To prepare for possible changes well ahead of any official action, options under consideration include cost-cutting moves, new tax strategies, and e-commerce investments.
“We’re tossing around ideas,” says Syama Meagher, founder and chief executive of Scaling Retail, a consulting firm in Los Angeles whose clients include small apparel and accessories companies manufacturing outside the U.S.