As US and retaliatory tariffs go into effect across the globe, Squire Patton Boggs’ International Trade experts have launched the “SPB Tariff Book,” a comprehensive and searchable tool documenting newly imposed tariffs, listed tariff line by tariff line worldwide. The SPB Tariff Book will allow companies, and even countries, to quickly identify affected products and supply chains so they can better position themselves to implement remedial actions.
The SPB Tariff Book is a unique, central destination where companies can search thousands of products – some of which to date are only documented on foreign government web sites, including some not in English – to determine whether supply chains have been affected by US tariffs, as well as retaliatory tariffs from international trading partners.
“New tariffs will continue to hit every sector, disrupting international supply chains and costing companies millions of dollars,” said Frank Samolis, co-chair of Squire Patton Boggs’ International Trade Practice. “Companies face a labyrinth of complex legal and political obstacles to mitigate impacts to their bottom line. Our trade and policy teams have been very busy and there is no sign of activities slowing down as more countries are expected to announce tariffs.”
Squire Patton Boggs’ global team of international trade policy experts have decades of experience advocating on behalf of client’s trade interests and have been engaged by dozens of businesses who have sought relief due to their exposure to recent tariffs.
Samolis continued, “The stakes are high for any company producing, importing or exporting a product. We developed the SPB Tariff Book as an easy way for companies to take the first step of identifying their exposure.”
It has been a tumultuous year for trade. Nearly all steel and aluminum imported into the US faces an additional 25 and 10 percent tariff respectively and an additional 25 percent tariff has been added to a growing list of products from China. US trading partners are responding in kind. Canada, China, the EU, India, Mexico, and Turkey have taken measures or announced they will increase the costs of importing a broad range of US products covering virtually every sector. Russia and Japan are preparing to follow suit.