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20.02.26 | Information
Strategies for reducing the tariff burden
US tariff policy is putting a strain on the Bavarian economy. High tariffs, particularly on steel and aluminum products, are making exports more expensive. An overview by Offit Kurman (German) provides information on strategies for reducing the tariff burden. The authors address the restructuring of supply chains, the review of product classifications, and the precise reporting of transaction value. Such strategies must be carefully considered to avoid conflicts with US authorities and potential civil and criminal consequences. The legal options for reducing and avoiding tariffs must be thoroughly examined.
Despite strained trade relations, volatile politics, and imposed tariffs, the close economic ties between Bavaria and the United States remain. For decades, the USA has been the largest export market for Bavarian products and an important sourcing market. Conversely, the USA relies on products from Bavaria, particularly industrial goods "Made in Germany".