On 3 June 2025, Baker McKenzie kicked off its Annual Compliance Conference Webinar Series with a session focusing on the evolving customs and tariffs landscape under the new U.S. administration. The panel, chaired by Jenny Revis, featured our global experts who unpacked a number of recent sweeping changes, as well as strategic responses for businesses impacted by the ongoing shifts in global trade.
The panel examined the current tariff landscape in the US, looking at measures against specific countries, as well as specific goods such as steel and aluminium. The powers under which these measures have been implemented, and other powers available to the administration to implement tariffs, were also analysed. The speakers then discussed responses in other jurisdictions, such as the EU, Canada, Mexico, and China, with a focus on retaliatory measures in each jurisdiction, as well as negotiations with the US.
Having discussed the tariff landscape, the speakers gave some mitigation strategies for businesses looking to navigate this complex environment. These included looking at opportunities to change the origin or supply source of goods, reclassify products, utilize trade agreements, and potentially optimize valuation of goods.
You can access the webinar recording here.
