Tariff Impact Assessment
Navigate New Global Trade and Tariff Environment
Withum can educate and advise global business strategic leaders on navigating this new global trade and tariff environment and assist in creating an actionable plan to drive decision-making using our proprietary scenario modeling tool and step plan.
Schedule Assessment
Increasing tariffs signify a substantial shift in global trade policy, creating uncertainty for Multinational Enterprises (MNEs). Companies need to take strategic action to understand their supply chains like never before so they can assess and mitigate the impact of tariffs. The global trade and tariff landscape is continuously evolving, and it’s imperative to stay informed about changing tariff rates by country, industry, and product involved.
While this creates uncertainty for MNEs, Withum’s Global Transfer Pricing Strategies Services Team can assist your business in taking a practical and strategic approach to understanding and implementing your options today.
Global Trade and Tariffs Services
- Minimize Tariff Impact: Minimize dutiable customs value by unbundling true product vs other non-dutiable costs that may currently be reflected in COGS. Mitigate or defer customs payments with strategies such as first sale for export, bonded warehouse, FTZ, or customs reconciliation programs, among others.
- Global Tax and Transfer Pricing Strategies: Optimize the global entity structure of the business and physical flow of products via transfer pricing strategies to reduce negative financial impact of tariffs.
- Supply Chain Planning: Diversify vendors, nearshore manufacturing, create new distribution channels for products entering US but destined for other markets.
- Financial Scenario Modeling: Model the impact of changing product pricing, tariff amounts, and sharing of increased tariff costs. Understand the adverse ripple effect through the entire global business, including lower profitability/taxable income leading to increased transfer pricing risk/exposure and potential for double taxation.
- Modernize Manual Invoicing: Digital modernization of manual invoicing/customs calculations via an automated process that reduces costly errors.
Schedule Tariff Impact Assessment
Fill out the form to schedule a 30-minute tariff impact assessment today.
Why Partner With Withum for Your Global Trade and Tariff Services
Withum professionals have deep knowledge in all aspects of advising multinationals, including in the global trade area. With decades of expertise, our Global Transfer Pricing Strategies Services Team provides top-tier consulting services for international organizations headquartered all over the world as they navigate the uncertainty around increased and fluctuating tariffs. Our strategic and practical approach to tariff mitigation advisory services combines the specialty global services of transfer pricing analysis, economics, supply chain consulting, international tax, accounting, tax controversy, and digital services to determine bespoke strategies that fit the unique needs of your business.
Schedule Your Assessment Today
Take a practical and strategic approach to understanding and implementing your global trade and tariff options today. Fill out the form to schedule a 30-minute tariff impact assessment and our team will reach out to you within in one business day.
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