New Tariffs Are Active -Is Your Business Ready

 Get ahead of the tariffs, learn how

How the New Tariff Structure May Affect Your Business

As of April 5, 2025, the United States has implemented a 10% baseline tariff on all imports, with higher rates for specific countries, as part of the administration's "Reciprocal Tariff" policy. For instance, imports from China are now subject to a 34% tariff, while goods from the European Union face a 20% tariff. These measures aim to address trade imbalances and protect domestic industries.​ Staying informed and proactive is crucial in navigating these changes effectively.

Businesses can Mitigate the Risks By Being Prepared

  • Cost Analysis: Evaluate how increased import costs affect pricing and profitability.​

  • Supply Chain Review: Consider diversifying suppliers or sourcing domestically to mitigate tariff impacts.​

  • Compliance Checks: Ensure adherence to the new tariff regulations to avoid penalties.​

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Key Points:

  • Baseline Tariff: A universal 10% tariff now applies to all imported goods entering the U.S.​

  • Country-Specific Tariffs: Certain nations face higher tariffs based on trade practices and deficits. For example:​

  • Implications for Businesses:

    Companies involved in international trade should assess the impact of these tariffs on their operations:

    • China: 34%

    • European Union: 20%

    • Japan: 24% tariff​

    • Vietnam: 46% tariff​

    • India: 27% tariff​

    Download our tariff impact calculator below

Strategic Sourcing: Know Your Costs

Planning ahead starts with knowing your numbers. This simple, spreadsheet-based tool helps you quickly estimate the impact of tariffs on your imported goods. Whether you're sourcing from Asia, Europe, or North America, the worksheet lets you input your volume, cost, and country of origin to calculate your estimated import costs and tariff liabilities.

Try Our Tariff Impact Calculator Worksheet To Learn More about How Tariffs May Impact Your Business. Schedule a Consultation Today With One of Our Advisors To Better Understand Ways to Mitigate the Potential Impact of Tariffs

What This Means for Business Owners:

If you rely on imported goods — from raw materials to finished products — you’re likely already seeing the impact in your margins, lead times, or cost forecasting.

You may need to:

  • Re-evaluate pricing and contract terms

  • Review your supplier mix for tariff exposure

  • Model margin sensitivity across key products

  • Explore U.S. or nearshore sourcing options

Schedule a free consultation to learn more today

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How JF Bicking Can Help

We work directly with business owners to anticipate and adapt to policy shifts like these. From sourcing strategy to pricing impact, we help protect your margins and positioning.

We’ll help you:

  • Audit your current exposure by product and supplier country

  • Identify near-term cost containment strategies

  • Explore supplier diversification or domestic alternatives

  • Build an agile response plan for additional trade policy changes

Book a Free Strategy Consultation

These tariffs are already active — but your response can still shape your next move.

We’ll help you assess your exposure, identify savings, and prepare your business to navigate this moment with clarity and control.