Tariffs: What Has Happened, What Could Come and How to Prepare

Topic: International Trade

During the first months of the Trump administration, the trade community has faced uncertainty as a result of trade-related executive orders and potential threats of retaliatory and reciprocal tariffs. Just weeks into his second term, Donald Trump was the first president to use International Emergency Economic Powers Act (IEEPA) to issue executive orders immediately imposing tariffs following the declaration of a national emergency related to national security, foreign policy, or the economy. China, Mexico and Canada were initial targets for retaliatory tariffs, with more to come.

President Trump also recently announced a plan to impose so-called “fair and reciprocal” trade tariffs on major US trading partners and has suggested that his administration will impose additional import tariffs on specific types of goods, such as semiconductors and pharmaceuticals. This timely program will cover recent executive orders and other proposed actions and outline steps that exporters and importers could take to mitigate risk and potential ramifications for their global operations. Companies need to be prepared for retaliatory tariffs by the US trading partners, higher costs due to additional tariffs and increased scrutiny by US Customs & Border Protection. The speakers will discuss measures that exporters and importers could take to proactively mitigate such actions.

Please, join us and bring your questions!

Our speakers will be:

• Paula Connelly, Senior Member — Sandler, Travis & Rosenberg, P.A.
• Edward Steiner, Senior Director, International Trade and Governmental Relations — Sandler, Travis & Rosenberg, P.A.

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