
Global Tariffs: How Contracts Can Protect Your Business Interests
Global tariffs can have a significant impact on businesses involved in international trade. Changes in tariff rates—whether through government policy, new trade agreements, or shifts in geopolitical conditions—can alter the costs of goods and services, potentially affecting a company’s bottom line. For businesses that engage in importing or exporting, managing these tariff-related risks is crucial. One practical method to help mitigate the financial effects of global tariff fluctuations is through the inclusion of well-drafted contract clauses. Read also: How Sports Drives