Loyens & Loeff – Developments in tariffs and their interaction with transfer pricing

Tariffs are by no means a new phenomenon, but recent developments have had a profound impact on global supply chains and international trade. From the US tariff waves introduced under the Trump administration to the retaliatory measures imposed by key trading partners, including the European Union, protectionist policies have re-emerged as a defining feature of the international trade landscape. As tariffs represent a cost in the supply chain, these may trigger important transfer pricing considerations for multinational enterprises.