The Impact of U.S. and EU Customs Policies on Business Operations
Under the administration of Donald Trump, U.S. trade policy brought tariffs into the spotlight as a pressing issue and a real challenge for participants in international trade. The U.S. imposed tariffs on imports of steel and aluminum, as well as on car imports. President Trump also announced tariffs on various other goods from nearly all countries worldwide, including the EU and Poland, which he later suspended for 90 days, while maintaining an additional 10% tariff during the "suspension" period. In response, the EU announced retaliatory measures (additional tariffs on goods from the U.S.) and strengthened its internal market protection policy (e.g., by imposing anti-dumping duties) on goods that could potentially be redirected from the U.S. market to the EU market at dumping prices by exporters from third countries. In such an environment, businesses must be prepared to react quickly in order to minimize losses. Consequently, producers, importers, and exporters faced the challenge of assessing the impact and identifying ways to mitigate the effects of the global trade war on their operations. In response to these needs, CRIDO has developed a comprehensive offer to support organizations in preparing for the era of trade wars.
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