Tackling shifting tariffs: Timely tips has been saved
Perspectives
Tackling shifting tariffs: Timely tips
Managing the tariff impact on supply chain dynamics
Business leaders are aspiring to take proactive and integrated approaches to supply chain planning, tax, customs, and transfer pricing considerations in response to quickly evolving tariff activity. But when asked, “What is your approach to the proposed tariffs to date?” more than 70% of respondents in a recent Deloitte Dbrief said they have not started their initial modeling and assessment. It’s an arduous task, but one that could help reduce significant bottom-line impacts. Business leaders can navigate the potential for higher input costs, increased logistics expenses, and delays in capital expenditures, all while supporting operational readiness and financial performance.
Steps to take now
To help mitigate tariff risks, consider conducting thorough data analytics, seeking exemptions and exclusions, and reviewing tariff classifications to mitigate exposure. Additionally, strategic supply chain adjustments such as evaluating production locations, bolstering supply chains with digital tools and AI, and aligning transfer pricing with customs strategies may be effective considerations. By implementing these strategic measures, you may be able to enhance financial performance, support compliance, and drive growth amid rapid global trade dynamics.
More than 70% of respondents in a recent Deloitte Dbrief said they have
not started their initial modeling and assessment.
not started their initial modeling and assessment.
Contact:
Kristine Dozier
Tax Principal – Global Trade Advisory | Deloitte Tax LLP
Jivan Datta
Tax Principal – International Tax, Value Chain Alignment | Deloitte Tax LLP
