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In recent days, the Trump administration has proposed additional tariffs, causing further uncertainty for many public companies. As companies approach their current quarterly guidance, we took a data-driven approach to see...more
Businesses engaged in international trade are struggling with a wave of uncertainty arising from recent shifts in U.S. tariff policy. Each day’s news cycle is peppered with stories about the Trump administration’s aggressive...more
The threat of a looming trade war has left United States importers scrambling for tools to help ameliorate the impact of customs duties. In many ways we are entering a higher-cost operating environment. ...more
The INCOTERMS published by the International Chamber of Commerce (ICC) have long served the international community by offering a “shorthand” for communicating key shipping terms. The ICC most recently issued the 2020 version...more
The White House has kicked off what appears to be a global trade war. The near-term net effect is the growing reality that we are entering a higher-cost operating environment for most industries. Volatility is always a...more
In recent months, changes to tariff laws have had a significant impact on the construction industry. With looming disruptions to global supply chains and material costs rising, there are a number of commercial and legal...more
So-called “Liberation Day” tariffs shook markets and sparked recession fears on April 2, with rates ranging from a universal 10% to a country-specific reciprocal tariff as high as 49% for Cambodia. While the 10% universal...more
President Donald Trump has announced new 25% tariffs on steel and aluminum imports into the United States. This measure is part of the administration’s strategy to protect national security and address trade imbalances. ...more
In today's episode of Contract Crunch: The Impact of President Trump's Tariffs on the Construction Industry, we delve into the intricate world of tariffs and their extensive effects on the construction sector. We'll examine...more
Upstream oil and gas producers and oilfield service companies are facing new uncertainties from recently imposed federal tariffs. In early 2025, the US expanded tariffs on a broad range of imports, suddenly increasing costs...more
In the face of increased tariffs, including a 14.38% tariff on Canadian lumber, the lumber market is undergoing developments that could have substantial implications for construction projects across Texas. It is important to...more
The U.S. has entered a new era of trade protection with significant tariffs now in place...more
New tariffs and geopolitical challenges are forcing companies to confront 2025 head-on. For many, this is a fast-changing operating environment with higher costs. Being able to sort through all the noise to find the facts...more
Foley is here to help you through all aspects of rethinking your long-term business strategies, investments, partnerships, and technology....more
Recent shifts in international tariff policies have created significant uncertainty for US importers. As a buyer, revisiting your supply contracts now can help safeguard your business from unexpected costs and disruptions. ...more
Welcome to “Compliance Tip of the Day,” the podcast where we bring you daily insights and practical advice on navigating the ever-evolving landscape of compliance and regulatory requirements. Whether you’re a seasoned...more
The global trade landscape is shifting, with tariffs largely being used as strategic instruments in economic and geopolitical competition. In early April 2025, the United States introduced a sweeping new tariff regime,...more
As we all know, the recent moves by the administration to increase tariffs on a variety of products, including alcoholic beverages, have raised a number of questions from importers and wholesalers on how to manage and, if...more
On April 2, 2025, the Trump administration announced a series of reciprocal tariffs, significantly impacting various global industries. These measures included a 25% tariff on auto imports, an additional 10% tariff on Chinese...more
With much evolving information currently surrounding tariffs, sectors and markets around the world are facing uncertainty in how to adapt and respond to sudden changes in the trade landscape. In the video linked below, Sue...more
Share on Twitter Print Share by Email Share Back to top The recent announcement of a pause in the rollout of reciprocal tariffs has created some confusion — and some hope — for multinationals and importers around the world....more
The second Trump administration started with a bang. There has been an almost weekly focus on implementing and expanding tariffs on a variety of goods imported into the United States. These tariffs are aimed at protecting...more
The Impact of Tariffs on Construction Costs - As construction costs continue to soar, the industry is bracing for even sharper increases in 2025. Tariffs on key materials—iron, steel, and lumber—are expected to drive up...more
As global trade policies shift, U.S. government contractors must navigate the evolving landscape of tariffs and their implications. The recent introduction of new tariffs by the federal government has significant consequences...more
What Is a Tariff? A tariff is a tax or duty imposed on goods when they cross national borders. Most commonly, tariffs apply to imports, raising the cost of foreign-made products in the domestic market. ...more