taxnews.ey.comPrint

06 January 2025

Tips for Manufacturers to Prepare for President Trump's Trade Policies

President-elect Trump has talked about a lot of different aspects of trade policy. Although he can initiate actions unilaterally on “Day One,” others may take time and require congressional interaction. As policies start to solidify, companies should consider assessing their current position, risks, future opportunities, and develop a comprehensive cross-functional plan to respond to the impending change. In an article first published in IndustryWeek, EY tax and trade professionals discuss steps companies can take now to prepare.

Document ID: 2025-0132

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2025, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement