Tariffs: Navigating your next move

New and evolving tariffs have implications for businesses throughout the supply chain: increased material costs (driving up overall costs), shortages, shifts in demand. Additionally, importers may now request refunds for certain duties paid under the IEEPA tariffs invalidated by the Supreme Court in February. All of this complexity requires careful analysis and documentation to mitigate risk – and seize opportunity.

How CohnReznick can help

While CBP indicates that it will directly calculate the IEEPA refund amounts due, we expect that that process could lead to greater scrutiny of underlying import assumptions, which could impact expected refund amounts. In anticipation, companies may want to “gut check” the veracity of CBP’s expected calculation. 

With specialization in damages and refund calculations, CohnReznick can help clients quantify potential refund amounts.

Additionally, our teams are well-versed in the complexities of tariffs and can help boost your business and supply chain’s resilience as the landscape continues to evolve.

• Predictive modeling and analytics

• Transfer pricing

• Industry-specific guidance: manufacturing and distribution (M&D), consumer and industrial, retail, construction, and more