Legal Considerations Due To New Tariffs

The recent announcements and direction from President Trump and the U.S. administration on increased tariffs mark a significant shift in the global trading landscape and may significantly impact the global economy. The imposition of increased tariffs may have immediate and far-reaching consequences for companies exporting goods to the U.S. or for businesses engaging in cross-border business with U.S. counterparties. Future developments are difficult to predict as the direction changes on an almost daily basis and currently, several tariffs have been suspended.

The introduction of increased tariffs may drastically alter the cost structure of goods between parties, and may lead to commercial imbalance, disputes, or exposure to unexpected liabilities and costs.