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16 December 2024

Trump and Tariffs: A Global Perspective of What Lies Ahead

Baker McKenzie's Global Customs Group recently held "Trump and Tariffs: A Global Perspective of What Lies Ahead" on Thursday 12 December 2024 in which our global panel of trade and customs experts outlined the potential impacts of President-Elect Trump's second term in office from a global perspective, to help you understand and better prepare for what lies ahead. Key takeaways for businesses include implementing due diligence on global supply chains, with a particular emphasis on targeted jurisdictions such as China and the US's USMCA counterparts.

Whilst Trump's second term will be unpredictable, key mitigation strategies can be implemented, such as relocation of production (subject to anti-circumvention rules – see our blog post on the recent ECJ case on anti-circumvention of tariffs), considering contractual clauses and exclusions, as well as possible lobbying.

Most importantly, businesses should closely monitor developments and changes to assess any impacts of the introduction of new tariffs once President-elect Trump takes office. For further information, and keep up to date on all developments, please see our Import and Trade Remedies Blog.

In case you missed it, you may view the webinar recording on demand below.

 

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