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Tariffs on Imports & Global Trade

Whether importing directly or not, tariffs may affect you. We can help you prepare for what’s next.
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Navigating the Impact of Tariffs: A Global Approach

With today’s shifting global trade policies, tariffs have become a hot topic for businesses of all sizes. While traditionally seen as a cost directly impacting importers, tariffs can have far-reaching implications, influencing everything from supply chains to tax strategies.

Understanding these challenges in the context of broader market trends, as highlighted in our 2026 C-Suite Barometer Mid-Year Pulse, becomes even more crucial.

That’s where Forvis Mazars steps in—providing tailored strategies to help businesses adapt, enhance, and thrive in an evolving tariff landscape. From transfer pricing and international tax planning to multinational entity transition solutions and supply chain insights, we can help you see the bigger picture and prepare for what’s next.  

What You Need to Know About Tariffs

We help our clients address many questions and pain points. The questions below are the ones CFOs, tax directors, and controllers bring to us most often.

Tariff Refunds: Who Pays & Who Recovers

“I’m not an importer, but my vendor raised prices because of tariffs. Can I negotiate a refund from my vendor?”

In most cases, only the importer of record is legally positioned to receive a refund from CBP. That said, your contract may include a provision requiring your vendor to pass a refund back to you. If it does not, the decision rests with your vendor.

Here is the challenge you face. As a customer, you rarely see how much your vendor paid in duties, and you cannot tell whether a price increase came fully or partly from tariff costs. We help close the gap. Forvis Mazars can provide a reasonable estimated refund range to support your negotiation, so you can walk into the conversation with numbers, not guesses.

Customer Refund & Vendor Resolution Support

“I raised prices partly due to tariffs, but other factors played in too. Now my customer wants a refund. How do I calculate it?”

Many importers of record are choosing to return value to their customers. The motivation varies—goodwill, contract terms, or long-term trade relationships—but the calculation is rarely simple.

Your price increase may have reflected several forces at once: tariff costs, oil price volatility, business strategy, and more. Untangling them takes discipline. Forvis Mazars helps you calculate and document an appropriate refund, grounded in the tariff refund you received from CBP and the full context behind your pricing. You give your customer a fair answer and keep a clear record for the future.

Importer Refund & Customer Resolution Support

“I’m having trouble accessing my ACE account to apply for an IEEPA refund. Can you help?”

Yes. The hardest part of the IEEPA refund process is often the first step: getting into your ACE account. Access issues stall the entire claim before it begins.

Forvis Mazars works alongside you and your brokers and walks you through CBP processes to open that door. We treat access as the starting line, not the finish—because the refund only matters once the path to it is clear.

Additional Tarriff Services

“My broker handled our ACE account but won’t help with refunds. Now I can’t get access because of the broker set up. What now?”

You have options. Forvis Mazars can work with your broker directly to help secure the information and cooperation you need to reach your ACE account. If that route stays blocked, we help you set up a new account and move forward.

Additional Tarriff Services

Accuracy & Control Over Your CBP Data

“I’ve noticed incorrect data coming out of my ACE account. How do I monitor it to keep my tariffs accurate?”

The importer of record carries the responsibility for accurate data in ACE. That responsibility doesn’t go away—it calls for regular, structured check-ins.

Our tax transformation team helps you build an approach that gives you real access to your data and a clear read on what it means.

Tax Transformation & Data Analytics

“I work with a broker and have little visibility into how they classify imports or report tariffs. How can I feel more confident?”

Confidence starts with sight. Our tax transformation team can help pull your data, clean it, and display it in dashboards you can actually use. You can see your HTS codes, countries of origin, and duties applied—all in one place.

From there, our customs advisory team turns those results into understandable observations, such as potential flags for misclassification and possible tariff mitigation strategies. We help transform your raw data into decisions you can defend.

Tax Transformation & Data Analytics

“I’m struggling to read the reports out of ACE and use them strategically. Can you help translate and brainstorm?”

Yes. Our team at Forvis Mazars works through your existing reports directly or transforms your data into dashboards built for clarity. Then we sit down with you to spot trends and surface tariff mitigation strategies drawn from your own numbers.

Tax Transformation & Data Analytics

Planning Ahead in a Shifting Trade Landscape

“With all this uncertainty, I want to plan for future tariff rate changes or supply chain shifts. How do I predict the impact?”

The dashboards from our tax transformation team are dynamic, not static snapshots. If you’re considering moving vendors or shifting production to different countries, you can model the outcome before you commit.

Tax Transformation & Data Analytics

“I want to understand trends in my tariff data and how mitigation could help long term. Can you help me identify and correct them?”

Yes. We pair your tariff dashboard with the insights of our customs advisory team. Together, we help you spot trends early and act on them before they compound.

Tax Transformation & Data Analytics

Bringing Customs Pricing & Transfer Pricing Together

“I’ve done a transfer pricing study. Can I just use it for CBP’s purposes too?”

Not directly. Transfer pricing relies on different methods and documentation framework than CBP requires for customs pricing. Using one in place of the other invites risk.

Forvis Mazars is prepared to help you meet both standards. We handle transfer pricing and customs pricing under one roof, so you work with a single provider for both purposes. The result: fewer handoffs and greater consistency.

Transfer Pricing & Customs Pricing

Understanding Tariffs, Plainly

“I'm just trying to understand tariffs in general—what’s in place, what’s coming, how trade agreements apply, and what I’m required to report.”

Good questions deserve straight answers. Our customs advisory team translates tariff concepts into plain language and points you toward what matters most to your business.

We track tariff developments as they happen—new duties, shifting trade agreements, evolving CBP reporting and data requirements. Then we talk them through with you to help you understand how the changing landscape may affect your bottom line.

Tariffs will keep shifting. Your ability to respond doesn’t have to shift with them. Whether you’re pursuing an IEEPA refund, tightening your CBP data, aligning transfer pricing with customs pricing, or simply trying to prepare for what’s next, the path forward starts with clarity.

Bring your questions to us. Together, we can help turn tariff uncertainty into a plan you can act on and defend.

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Customs Advisory & Tariff Strategy Support

Tariffs are here to stay. Even with sudden shifts and headline-grabbing changes, importers need a tariff strategy that holds up over time—not a scramble after every announcement. Forvis Mazars helps you see tariffs through a broader business lens, connecting tariff education, opportunity identification, and vendor alignment into one clear plan. Whether you rely on a single broker or a full roster of vendors, you gain transparency and confidence to act.

Here’s what that looks like in practice. Our customs advisory team studies your business, works through your data, and pinpoints where tariff mitigation can protect your margins. We help keep you current as the tariff landscape shifts, folding each change into your strategy before it catches you off guard. When we spot an opportunity, we bring dedicated professionals to the table—our internal teams alongside third-party firms, brokers, and other vendors—and help you execute. Think of us as your educator, strategy support, and concierge for your tariff needs.

Manage the impacts of tariffs with assistance from our suite of curated service offerings.

Customer Refund & Vendor Resolution Support

Forvis Mazars can assist clients in evaluating tariff-related price increases and preparing for vendor discussions. Our services may include developing a reasonable, documented basis to help support a request for a refund, credit, price adjustment, or other commercial resolution from vendors that may have received IEEPA tariff refunds. Potential procedures may include:

  • Gathering and analyzing purchase data, invoices, contracts, vendor communications, and other supporting documentation
  • Considering relevant tariff drivers, which may include Harmonized Tariff Schedule (HTS) codes, purchase timing, applicable tariff programs or sections, treaties, and country of origin
  • Developing an estimated range of tariff-related costs
  • Comparing estimated tariff impacts with vendor price changes to help assess whether tariff-related costs may have contributed to the relevant price increases
  • Preparing analysis, documentation, and discussion materials to help support vendor negotiations and commercial resolutions

If the customer chooses to pursue litigation or another formal dispute process involving a vendor, Forvis Mazars may be able to provide litigation consulting services to counsel for the customer. In that context, our work may include developing supportable tariff impact analyses, assisting with the quantification of potential damages or recovery amounts, and providing expert witness services when appropriate.

Importer Refund & Customer Resolution Support

Forvis Mazars can assist importers of record in evaluating tariff-related pricing impacts and preparing for customer discussions. Our services may include developing a reasonable, documented basis to help evaluate whether tariff-related costs were passed on to customers and what resolution, if any, may be appropriate to offer. Potential procedures may include:

  • Gathering and analyzing import data, customs documentation, tariff payments, sales data, invoices, contracts, customer communications, and other supporting documentation
  • Considering relevant tariff drivers, which may include Harmonized Tariff Schedule (HTS) codes, entry timing, applicable tariff programs or sections, treaties, country of origin, and any refund or relief mechanisms available to the importer of record
  • Developing an estimated range of tariff-related costs
  • Comparing estimated tariff impacts with historical price changes, pricing methodologies, and other cost drivers to help assess whether tariff-related costs may have contributed to customer price changes
  • Preparing analysis, documentation, and discussion materials to help support customer negotiations and commercial resolutions

If the importer of record faces threatened or pending litigation, including a class action or another formal dispute process involving customers, Forvis Mazars may be able to provide litigation consulting services to counsel for the importer of record. In that context, our work may include developing supportable tariff impact analyses, assisting with the evaluation or quantification of claimed damages, exposure ranges, or settlement amounts, and providing expert witness services, when appropriate.

Tax Transformation & Data Analytics

Forvis Mazars helps importers transform tariff data into actionable insights. Rather than offering a one-size-fits-all product, we design solutions around your data environment, business priorities, and tariff exposure—helping you improve visibility, reduce manual effort, and make more informed decisions. Our tax transformation team can help you:

  • Automate recurring data extraction from ACE or other available import data sources
  • Cleanse, standardize, and structure import data for more reliable analysis 
  • Model potential tariff impacts from rate changes, sourcing decisions, or mitigation strategies
  • Flag potential errors, upcoming deadlines, and action items for further review
  • Create dashboards that highlight key metrics, trends, exceptions, and opportunities

Our tariff-focused professionals then help you translate the data and dashboards into practical observations for your business. Whether the analysis identifies unexpected HTS code, inconsistent tariff amounts, possible refund opportunities, or areas for further review, we connect the insights to your broader operational and tax objectives.

Transfer Pricing & Customs Pricing

With services in both transfer pricing and customs pricing, we provide an efficient process for tariff management. While the requirements may be different for both purposes, our holistic approach means you provide data and supporting information to the same team. You'll receive consistent reports that address and comply with the standards of both the IRS and CBP as applicable. Our transfer pricing team can help with:

Planning

  • Economic modeling to help assess how pricing decisions affect trade-related costs

Risk Assessment & Implementation

  • Evaluation of pricing policies for potential tariff exposure and enhancement opportunities
  • Integration of pricing strategies into operational processes and cross-functional workflows
  • Coordination across finance, tax, and supply chain teams to help maintain consistency in execution

Documentation

  • Preparation of customs pricing documentation
  • Alignment of intercompany pricing with CBP standards to help reduce audit risk

Dispute Resolution

  • Support during CBP audits and inquiries related to pricing of tangible goods, including working with legal teams as necessary

Additional Tariff Services

Transfer Pricing for Uncertain Tariff Rates

When tariff rates shift, your transfer pricing needs to hold steady. We guide you across the full life cycle—planning, globally coordinated documentation, controversy and dispute resolution, advance pricing agreements, intellectual property valuation, and value chain transformation. You gain a clear line of sight into risk and opportunity, so your pricing supports your strategy at every turn.

Explore our transfer pricing and other international tax services.

US Market Entry for Inbound Businesses

Expanding into the U.S. brings practical hurdles. Payroll setup, EIN registration, choice of entity, banking, GAAP-to-IFRS conversion, federal and state income tax, and transfer pricing all demand attention. We bring a dedicated team to the table—attorneys, bankers, and logistics firms—to help inbound companies clear each step and build momentum on U.S. soil.

Learn more about our outsourced accounting services team.

Inventory Management & Supply Chain Planning

Profitability depends on knowing what tariffs actually cost you. Through landed cost analysis, enterprise risk control, and supply chain advisory, we help you trace how import costs flow into your inventory and hit your bottom line. You see the full picture, then act on it with confidence.

Discover our supply chain advisory services.

International Tax Modeling & Global Structuring

Tariffs can push and pull on FDII, GILTI, BEAT, and Subpart F. Our models can assist in anticipating these effects on your taxable income before they surprise you. When you acquire or build operations in new jurisdictions, we help you find a legal entity structure that fits your goals and supports a strong global effective tax rate.

Learn more about our international tax team.

Tariff Management Automation & System Implementation

Efficiency starts with tailored technology. Through our value-added reseller relationships and certified experience, we help you streamline tariff-heavy processes—like tariff management in NetSuite. You gain tariff code management, landed cost calculation, customs and duty tracking, integration with purchasing and sales, and reporting that helps turn trade data into informed decisions.

Explore our technology consulting services.

Accounting Methods & Inventory

The method you choose can help soften the impact of tariffs. Specifically related to inventory, entities should consider whether there is value in converting to the use of a last-in, first-out (LIFO) or lower of cost or market (LCM) method, and confirm they’re appropriately calculating §263A. Because tariffs raise the capitalized cost of fixed assets and inventory, a well-suited approach can help protect your numbers.

Learn about our accounting methods services.

State & Local Tax Planning

Tariffs ripple into state and local obligations. We help you plan for sales and use tax, property tax, and apportionment, while spotting credit and incentive opportunities tied to new or expanded U.S. facilities. We also provide domestic structuring guidance, helping you move forward with a clearer of your full tax position.

Explore our state & local tax services.

Business Valuation Amid Tariff Volatility

Tariff uncertainty raises risk and reshapes value. A grounded look at outside economic factors helps deliver a valuation you can stand behind. We advise on estate planning when lower valuations open gifting opportunities, impairment analysis when conditions demand it, and scenario planning for M&A—so every decision rests on supportable conclusions.

Learn more about our valuation services.

Washington National Tax Office

Policy moves fast, and you need to move with it. Our Washington National Tax Office delivers up-to-date, actionable analysis on global trade, tariff policy, and tax legislation straight from the Hill. With deep connections in Washington and hands-on experience, we help you strategize around the changes ahead—before they reach your books.

Visit the Washington National Tax Office (WNTO).

Explore Our Services

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International Tax Services
Efficiently manage your global business with Forvis Mazars’ international tax services.
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Outsourced Accounting Services
Enhance efficiency and invigorate your accounting operations with the assistance of our outsourced accounting services team.
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Global Trade Insights (GTI) Tracker
Our global presence and customs practices provide unique insights and experiences to our clients’ strategies.

Forvis Mazars Abroad

The Forvis Mazars’ network equips our firm to provide a global view on customs, tariffs, and trade. These non-U.S. practices offer expanded service offerings for multinational entities.

Customs Consulting & Compliance

Our customs advisory practices are located strategically around the globe. These practices offer insight and support for some of the key issues surrounding tariffs and global trade compliance, including:

  • Internal control reviews on customs control frameworks, e.g., AEO or other control frameworks
  • Global supply chain advisory on warehousing concepts, customs valuation, and the use of Free Trade Agreements (FTAs) and Rules of Origin
  • Transfer pricing and customs valuation advisory and possible advance rulings with authorities on value of products
  • Customs audit support
  • Post-entry tax audit assistance and possible dispute and litigation support with indirect tax and customs tribunals
  • Classification of products in the HS/CN system and ancillary tooling
  • Link to environmental tax in the supply chains, such as Carbon Border Adjustment Mechanism (CABM), plastic packaging tax, and other import and export controlled indirect tax

See more about our global approach to tariff consulting here.

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