1、2025 Tariffs ReportManaging in a volatile environment 2025 Tariffs Report 2 2025 Thomson ReutersExecutive summaryTariffs at perhaps no other time in nearly a century have risen to become a major challenge to any company,foreign or domestic,that is even tangentially involved in global trade.Today,com
2、panies face significant hurdles in their ongoing operations due to tariffs imposed by the United States government and by other countries seeking countermeasures to the tariffs imposed by the US.These tariffs are impacting costs,disrupting supply chains,affecting market competitiveness,and creating
3、regulatory and compliance issues for companies across a multitude of industries.Further,these tariffs threaten a substantial portion of US imports and exports,as well as the flow of international trade that othe r countries conduct with the US.The Thomson Reuters Institute has surveyed corporate glo
4、bal trade professionals to better understand the compelling issues around the current tariff environment and the impact of recent changes in the trading environment due to President Trumps use of tariffs as a way of driving trade policy.This survey,conducted online in March,interviewed 285 global tr
5、ade professionals who perform or manage global trade and supply chain management activities in companies that have at least USD$200 million in global annual revenue and import or export goods to or from the US.While we gained a critical perspective as to what our survey respondents are seeing in ter
6、ms of the challenges they face and the opportunities they see to mitigate those challenges,we also recognize that this ongoing situation is extremely volatile.Indeed,since our survey was conducted,President Trump announced an additional raft of“Liberation Day”tariffs on April 2,targeting dozens of c