While decisions about tariffs are highly political, says attorney John Pellegrini, a specialist in international trade at McGuire Woods LLP, those decisions can also translate into significant savings for businesses.

Given that the new agreements could be approved as early as next week by both the House and Senate, Pellegrini talked to CorpCounsel.com about the considerations to come for U.S. businesses, when and if the pacts are set down in law.