The United States has recently imposed a 10% tariff on most Australian goods, with much higher rates applying to steel, aluminum, copper and cars. While some products such as pharmaceuticals, critical minerals and energy currently remain exempt, the new tariffs are already disrupting supply chains and increasing costs.

For Australian businesses, the key risks are:

• Contract exposure: supply and export contracts may not properly deal with who bears these costs.
• Compliance complexity: navigating U.S. customs classifications and possible exemptions is time-consuming and costly.
• Disputes: disagreements between suppliers, customers and financiers are becoming more common.
• Strategic pressure: businesses are reviewing their U.S. exposure and risk allocation.

How we can assist

Our team can help clients by:

• Reviewing and renegotiating contracts to manage tariff risk
• Advising on disputes and representing clients in Court or arbitration
• Guiding compliance with U.S. trade requirements
• Supporting businesses in adjusting their supply chains and risk management strategies

Even if your business does not trade directly with the U.S., these tariffs can still affect you through pricing and contractual obligations. If you would like to discuss how they may impact your business, please contact us.

This information is general in nature and does not constitute legal advice.