Tariffs and Trump: How to navigate upcoming changes

Thursday, January 16, 2025 

The incoming Trump administration plans to impose new tariffs on imports as early as day one – and continue to use tariffs as a key foreign policy tool for the next four years.

New tariffs will likely have far-reaching impacts on companies, consumers, and the economy. Understanding the implications and possible ways to mitigate duty liability can enable you to navigate these potentially disruptive changes and ensure your business remains resilient.

We and our special guest, former US Senator Richard Burr, discussed:

• The legal authorities President-elect Trump may use to impose further tariffs on imports
• Recent announcements and developments regarding US tariff/trade policy, including plans to raise tariffs on Canada, Mexico, China, and the EU
• Potential ways to mitigate duty liability, including approaches to tariff engineering that may help companies in the industrial, automotive, technology, manufacturing, consumer goods, and other sectors
• An outline of current US Customs and Border Protection import requirements 

For more information
Please contact Mary Beth Russo.