A Review On US Customs Tariffs And Its Impact On M&A Transactions

US President Donald Trump recently announced a "declaration of economic independence". Accordingly, a reciprocal tariff on all countries came into force. The tariff rate for Turkey was set at 10%, i.e. the minimum rate.

With the announcement of Trump's tariffs, not only the US economy but also the global trade order took a historic turn. Countries facing additional taxes, especially the European Union and China, have started to respond by imposing tariffs on imports from the US.

So, what should be considered in M&A transactions due to this tariff implementation?

The economic risks of the new tariffs should be considered as a very important agenda item, especially when drafting a share purchase agreement. In particular, the risks arising from tariffs may have a direct impact on the purchase prices and the mechanisms that adjust them, so it will be necessary to clearly reflect the methods of the calculations to the agreement.