LMC Presentation: Strategies to Manage Tariffs & Reduce Costs for Imported Merchandise

In a recent presentation hosted by LMC, industry experts shared timely strategies to help reduce the cost of importing merchandise and navigate today’s complex global trade landscape.

Program Description:

With rising tariffs and duties, importers face growing challenges in maintaining profitability. This session explored effective strategies to manage and reduce the cost of importing merchandise.

Key Topics:

• Buying goods in foreign currencies and the use of hedging instruments to protect against FX risk
• Considerations to lower import costs such as using the first sale rule and the use of a bonded warehouse
• Key updates on recent tariff increases

View the presentation recording

Speakers:

Ephraim Fishman, CPA

Moderator

Partner

LMC Advisors LLC

Eric S. Fisch

SVP, National Sector Head, Retail & Apparel

HSBC Bank USA N.A.

Alan R. Klestadt, Esq.

Partner

Grunfeld Desiderio Lebowitz Silverman & Klestadt LLP

Salvatore J. Stile II

Co-Founder & Co-Chairman of the Board

Alba Wheels Up International Inc

LMC is dedicated to staying updated on these developments and advising clients effectively. For more information or questions, please reach out to your LMC professional.