MVA Supply Chain Brief: Navigating Rising U.S. Tariffs

Tariffs on imports into the U.S. are on the rise, focusing on many of the U.S.'s largest trading partners like Mexico, Canada and China, as well as major products such as aluminum and steel. Buyers and sellers who are importing goods into the U.S. should be aware of the potential increases in cost structure and understand who bears the burden of paying for those increases due to the heightened tariffs.

What is a Tariff?

Tariffs are a form of tax or customs duty levied by governments on the value of goods imported into a country.¹ Tariffs are typically a percentage of an imported product's value, and the rates vary across categories of goods, components of goods and raw materials.