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KPMG article: Strategic trade management in 2025—navigating and mitigating tariffs

Businesses grappling with implications of new tariffs

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July 10, 2025

As the global trade landscape undergoes significant shifts in 2025, businesses are grappling with the implications of new tariffs imposed by the Trump Administration. With a focus on reshaping trade policy, President Trump has introduced a series of executive orders aimed at increasing tariffs on goods from nearly all trading partners.

These developments have prompted companies to explore strategic trade management practices to mitigate the financial impact of these tariffs. From leveraging duty mitigation strategies like the first-sale-for-export principle and duty drawback programs to optimizing supply chain diversification and foreign trade zones, businesses are actively seeking ways to maintain cash flow and competitiveness. As the administration intensifies scrutiny on import transactions, ensuring compliance with customs regulations and accurate valuation of goods becomes crucial.

Read a June 2025 article* prepared by KPMG LLP Trade & Customs professionals

* This article originally appeared in The Tax Adviser and is provided with permission.

For more information, contact a professional with KPMG Trade & Customs services:

Andrew Siciliano
Partner, U.S. & Global Practice Leader

E: asiciliano@kpmg.com

Doug Zuvich
Partner

E: dzuvich@kpmg.com

Irina Vaysfeld
Principal

E: ivaysfeld@kpmg.com

John L. McLoughlin
Principal

E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal

E: labad@kpmg.com

George Zaharatos
Principal

E: gzaharatos@kpmg.com

Christopher Young
Principal

E: christopheryoung@kpmg.com

Amie Ahanchian
Principal

E: aahanchian@kpmg.com

Gisele Belotto
Principal

E: gbelotto@kpmg.com

Steve Brotherton
Principal

E: sbrotherton@kpmg.com

Jessica Libby
Principal

E: jlibby@kpmg.com

Dawn Olesky
Principal

E: dolesky@pmg.com

Frances Xing
Principal

E: francesxing@kpmg.com

 

 

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