Tariffs, trade and tax shifts

Tariffs, tax policy shifts and trade regulatory changes have radically altered the playing field for many manufacturers. Get the strategic guidance, compliance support and business insights you need to succeed in this environment.

How we help you

Manufacturers are navigating tariffs, policy shifts — and the consequences those have on their costs, customers and supply chains. We help you adapt to these changes and build a stronger, more resilient business.

Understand how tariffs and policy changes affect your business.

Maintain compliance with tariff and trade tax requirements.

Develop adaptive strategies and rethink your supply chain.

Discover tax opportunities to create savings and limit costs.

An advisor to guide your business through uncertainty and change

We know both manufacturing and tax policy. As a leading CPA firm as well as an advisory one, we not only understand the business challenges you face, but also how tariffs and other trade and tax rules change the environment you operate in.

Gain deep industry knowledge

We’re not just a tax firm, but also a manufacturing advisor. You’ll gain a team of allies who understand what you do from both a business and a tax perspective.

Broad, holistic perspective

We take a holistic view of your business and challenges, considering tariffs and trade changes from perspectives your supply chain, operational needs and technology.

Active compliance support

Beyond strategic guidance, we also help you adapt to the everyday realities of tariff and trade changes like tariff codes and tracking costs.

Explore our tariff and trade impact services

We help you understand whether the right codes are being used and what the tariff impact will be on your business. We also develop a process of tracking movement with each new tariff decision.

Wipfli can help you understand the strategic implications of reshoring, including long-term and short-term plays, and identify new opportunities. Because many goods will be impacted by China Section 301 tariffs (specifically stamping dies and molds), we can help you find new sources for your parts in the U.S. or North American markets. We can also help you navigate the impact of tariffs on automation equipment and machinery, most of which is not made in the U.S., and develop strategies with you to support future investments.

Wipfli helps determine which states subject the tariff portion of a good or part to sales and use tax and how tariffs will impact your profitability in each filing jurisdiction. We produce an analysis that provides the “bridge” between IRS transfer pricing methods/requirements and U.S. Customs transfer pricing valuation methods. Through this analysis, you can determine the appropriate arm’s length price for intercompany sales acceptable to both IRS and CBP.

The new tariff policy creates sales opportunities for many companies. Wipfli can provide support at the sales team level to help you identify needs with your customers that you can support to bring new work to your business. We help you develop a sales process framework to capitalize on reshoring. Wipfli’s sales process team can also help augment your sales team to strategize how the tariffs can work in favor of your business. We can help identify opportunities, both within the U.S. and internationally, as part of strategic planning.

Make sure you’re correctly navigating the USMCA agreement and compliance. Wipfli brings the right information to the table, including evaluating your specific products and the impact on them.

Given the fast-changing nature of tariff policy and the need for strategic thinking and backup plans, we help you develop tariff tracking mechanisms and scenario planning exercises for each part.

We also support financial modeling for each critical purchasing decision to support the scenario plans, as well as help you determine the impact of new and future tariffs on your financial statements.

We can analyze options for unbundling (i.e., itemizing components of intercompany transactions) the dutiable value of goods. This improves customs and TP compliance by helping ensure duties are not paid on non-dutiable elements. This also supports accurate functional segmentation and benchmarking. With the costs of raw materials rising due to tariffs and inflation, Wipfli can also help evaluate other methods of accounting, such as LIFO, to assess potential tax savings.

Automotive tariffs create additional complexity. Wipfli’s automotive team works with you to navigate these challenges and develop the right strategies for your business. Our team provides clear guidance to help ensure compliance with USMCA regulations and can work with you in a consultative approach to navigate tariff, trade and supply chain problems.

Reach out to our team

Let’s talk about how we can help you overcome tariff, tax and trade challenges to remain profitable. Ask us for help understanding how policy shifts affect your business, maintaining tax and regulatory compliance, developing new strategic options and making your business more resilient.