There is now data to support what has been feared. The impact of tariffs includes a dramatic drop of 64% in US ocean container bookings from March to April 2025. This is after a temporary spike, as importers rushed to ship goods ahead of the tariffs. But as soon as the tariffs went into effect, bookings collapsed as businesses faced higher costs and uncertainty. And while some tariffs were suspended, havoc had already descended on supply chains. Companies are taking a...

"May you live in interesting times” – this backhanded well-wish may never have been as applicable as it is today. Since January, the news cycle has been a steady stream of market-disrupting announcements, false starts, military escalations and political and economic gamesmanship that has humbled economists and wonks who normally have strong insight on things to come. Interesting (unstable) times can be challenging for any business, and regardless of political leaning, no one can deny that since Trump’s return...

Key insights Higher tariffs mean companies must adapt their transfer pricing policies and supply chain management strategies to account for increased costs associated with importing goods. If a company's actual results from transactions during the tax year are not arm's length, they are required to make retroactive adjustments to the transfer prices paid during the year. Strategic declaration of transaction prices and participation in initiatives like Customs and Border Protection’s reconciliation program can help reduce duty liability. By accurately...

By: Ryan Last, Daniel N. Anziska, Lindsay Austin, Sean P. McNally, Tom Tilton, and Charlene C. Goldfield, Troutman Pepper Locke On April 11, the White House released a Presidential Memorandum, “Clarification of Exceptions Under Executive Order 14257 of April 2, 2025, as Amended,” which exempts a list of semiconductors and electronics from reciprocal tariffs issued under Executive Order 14257, “Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits,” as...

By Catherine Alvino, Marketing Manager, Tradewind Finance International trade has a way of keeping you on your toes – and trade involving auto parts is no exception. With recent tariff announcements from the U.S., automakers and auto parts suppliers are facing a new set of questions on how to best go about business. 40-80% of auto parts used in U.S.-made cars are imported, according to auto analyst Mel Yu. These parts come largely from Canada and Mexico in what is an intertwined supply...