Tariffs and Trade Webinar: Key Highlights

We are pleased to share some key highlights from the session and provide you with access to the video or audio recording.

Video recording

Audio recording

The session covered a comprehensive overview of current and anticipated trade policy developments, with a focus on tariffs, sanctions, and supply chain implications.

Key highlights from our webinar

US Trade Policy Shift

The Trump administration has introduced sweeping tariff measures, including a 10% baseline tariff on most imports, with significantly higher rates for specific countries and goods. These actions mark a departure from norms and have introduced considerable uncertainty into global trade.

Legal Challenges

US courts have questioned the administration’s authority to impose certain tariffs under the International Emergency Economic Powers Act, with key rulings expected soon that could reshape the legal framework for trade enforcement.

Global Responses

• China: Responded with retaliatory tariffs and export controls, particularly on rare earth materials, escalating the trade conflict
• UK: Adopted a more conciliatory approach, resulting in the US-UK Economic Prosperity Deal, which includes tariff reductions and sector-specific cooperation
• EU: Pursuing a dual strategy of negotiation and preparation for retaliatory tariffs, with ongoing talks aimed at avoiding a broader trade war
• Asia-Pacific: Countries like Japan, South Korea, and Vietnam are navigating complex negotiations, balancing US demands with regional trade commitments

Business Impact

The uncertainty has disrupted supply chains and affected M&A activity, prompting companies to reassess sourcing strategies, customs compliance, and contractual risk allocation.

Mitigation Strategies

We outlined practical tools for businesses, including:

• Customs procedures (e.g., free zones, warehousing)
• Tariff engineering and rules of origin planning
• Strategic contract clauses to manage tariff exposure
• Leveraging Free Trade Agreements (FTAs) and alternative supply chain routes

Conclusion

The global trade environment is undergoing a structural transformation, with increased protectionism and legal volatility. Businesses are advised to stay informed, assess their exposure, and proactively implement mitigation strategies to navigate the evolving landscape.

For a detailed discussion on the key developments and issues mentioned above and their potential impact on your organization, please contact: