Tariffs are government-imposed taxes on imported goods that can significantly increase the cost of procuring materials, components, and finished products or services. The United States has recently seen new tariff regimes implemented after a Supreme Court ruling invalidated tariffs imposed under the International Emergency Economic Powers Act (IEEPA). This has created a wave of uncertainty and a volatile sourcing landscape, requiring you to reassess sourcing strategies, reconsider supplier relationships, and prepare for complex refund and compliance questions.
ProcurementIQ's latest deep dive provides the critical insights needed to navigate shifting U.S. trade policies. Our analysts break down what has changed since our last tariff guide collection, clarify which tariff authorities remain in force, and outline how new and existing measures may affect effective duty rates, refund opportunities, and long‑term sourcing economics.
Inside the article, you’ll find an explanation of the emerging refund process for IEEPA‑based tariffs, an overview of the administration’s policy response, and practical guidance to support scenario planning, contract reviews, and supplier negotiations, and creative procurement strategies to help mitigate disruption.
Explore this up-to-date resource to stay compliant, control costs, and strengthen your procurement strategy in a rapidly evolving trade environment:
For more detailed tariff information, contact your customer relationship manager for custom research options.
