Share this
Tariffs & Trade Compliance
by Georgie Whitehouse on Jun 2, 2025 3:36:44 PM
Navigating the Evolving Landscape of Global Trade
Today, with the fast-evolving nature of international trade policies, manufacturers must contend with a complex web of tariffs, trade agreements, and regulatory requirements.
These policies can introduce uncertainties that impact supply chains, cost structures, and market access. To thrive amidst such challenges, businesses must adopt proactive strategies and leverage robust compliance tools to their advantage.
The Origins of Tariffs
To fully understand the role tariffs play in modern trade, it’s important to look back at their origins. Tariffs have existed for centuries as tools of revenue and economic protection. In the United States, the Tariff Act of 1789 was one of the first major pieces of legislation passed by Congress. At the time, tariffs were a primary source of federal income and were used to shield fledgling American industries from more developed European competitors.
Over time, their function evolved from instruments of economic nationalism to levers of international negotiation and retaliation. In the 20th century, organizations like the World Trade Organization (WTO) and trade agreements like NAFTA (now USMCA) were established to reduce tariff barriers and promote freer trade. However, the recent resurgence of unilateral tariff policies signals a return to more protectionist strategies. For today’s manufacturers, understanding this historical context is highly practical. It underscores why compliance readiness is more critical than ever, and why platforms like GoCompliance are becoming essential tools in the face of growing trade complexity.
Tariffs Are Shifting—Fast
Over the past year, tariffs have become one of the most dynamic and uncertain aspects of international trade. In 2025, a wave of new import duties was introduced by several major economies in efforts to bolster domestic industries and protect strategic sectors. These changes included broad-based tariff increases, as well as targeted measures on goods from specific countries, particularly in high-volume categories like electronics, machinery, and raw materials.
While these actions were intended to strengthen national economic resilience, they’ve also disrupted established supply chains and introduced sudden, unanticipated costs for global manufacturers. As trading partners responded with their own tariff adjustments, the result has been a more fragmented and complex trade environment. Businesses worldwide are now facing increased pressure to rethink sourcing strategies, adjust pricing models, and ensure compliance with a shifting regulatory landscape.
Preparing for Future Tariff Changes
In today’s shifting trade climate, the companies that will thrive are those that anticipate change, rather than react to it. Preparing for future tariff shifts begins with comprehensive supply chain visibility, meaning that knowing where your parts and materials come from is now essential.
Businesses also need the infrastructure to respond quickly when new tariffs are announced. This means streamlining internal compliance workflows, training cross-functional teams, and investing in technology that can adapt in real time.
With GoCompliance, manufacturers can centralize material data, automatically enrich supplier information, and ensure traceability across products and regions; all within a platform built for regulatory agility. This kind of preparedness helps businesses not only avoid penalties and delays but also gain a competitive advantage by responding faster than their peers.
The Importance of Accurate Trade Data
Understanding the origin of materials and components is crucial for determining tariff obligations and eligibility for trade agreements. Accurate trade data enables businesses to:
- Assess Tariff Implications: Determine applicable duties based on country of origin and product classification.
- Leverage Trade Agreements: Identify opportunities for duty reductions or exemptions under agreements like USMCA or CETA.
- Ensure Regulatory Compliance: Meet documentation and reporting requirements to avoid penalties and delays.
Building a Resilient Supply Chain
To mitigate the impact of trade uncertainties, consider the following best practices:
- Conduct Regular Audits: Periodically review your supply chain to identify vulnerabilities and ensure compliance with trade regulations.
- Diversify Suppliers: Reduce dependency on a single source or region to minimize disruptions from geopolitical events or policy changes.
Invest in Training: Equip your team with the knowledge and skills necessary to navigate the complexities of global trade.
Your Partner in Trade Compliance
GoCompliance is a cloud-based product compliance platform built natively for Oracle Cloud and designed to help manufacturers navigate complex global regulations with confidence.
Through integrated compliance-as-a-service capabilities, GoCompliance enables you to:
- Centralize Material Data: Collect, validate, and enrich supplier-provided material data to support global compliance and future-proof your product documentation.
- Track Country of Origin: Capture critical attributes like Country of Origin and Harmonized Tariff Schedule (HTS) codes as part of your material data package.
- Stay Ahead of Regulatory Changes: Monitor and adapt to evolving regulations—including REACH, RoHS, SCIP, TSCA, and more—backed by industry-specific validation and support.
By integrating GoCompliance into your compliance strategy, you can enhance visibility, reduce risks, and capitalize on trade opportunities.
Conclusion
In an era of fluctuating trade policies and regulatory landscapes, resilience is key. By harnessing accurate trade data and leveraging tools like GoCompliance, businesses can navigate uncertainties with confidence, maintain compliance, and seize new opportunities in the global marketplace.
For more information on how GoCompliance can support your trade compliance needs, book a demo of our platform.
Share this
- EU (5)
- Product Compliance (3)
- REACH (3)
- RoHS (3)
- "Agile" (2)
- Oracle Agile PLM, (2)
- "Oracle" (1)
- "PG&C" (1)
- Agile PG&C (1)
- Canada (1)
- China RoHS (1)
- Environmental Compliance (1)
- Environmental Governance and Compliance (1)
- Oracle Cloud, (1)
- PFAS (1)
- POPs (1)
- Packaging (1)
- Product Update (1)
- SCIP (1)
- Sustainability (1)
- Tariff (1)
- Ukraine REACH (1)
No Comments Yet
Let us know what you think