A recent Corporate Counsel article cited a LawFlash authored by partners Katelyn Hilferty, Christina Renner, Humberto Padilla Gonzalez, and Bingna Guo and associate Casey Weaver that discussed the shift in trade policy under the current US administration. The Corporate Counsel article reported that as tariffs are now being used as a strategic tool, recent developments have led to a lack of clarity for the key trading partners of the United States.
Drawing from the firm’s LawFlash, this article cites that companies should “develop contingency plans to respond to tariff changes, including internal policy adjustments and coordination with external trade advisers” and “implement a risk management framework to quantify the financial and operational impact of new tariffs and adjust sourcing and investment strategies accordingly.”
Read the full article on Law.com >>
Subscription may be required.