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

In a recent webinar hosted by LMC, industry leaders shared practical strategies for reducing import costs and navigating ongoing shifts in global trade regulations. The presentation focused on actionable solutions for businesses facing rising tariffs, foreign exchange risk, and supply chain challenges.

Program Description:

With tariffs and duties on the rise, many importers are feeling pressure on margins. This session explored cost-saving strategies and compliance tactics that can help companies stay competitive in a shifting trade environment.

Key Topics:

• Currency Hedging: How buying in foreign currencies and using hedging tools can minimize foreign exchange (FX) risk
• Duty Reduction Tools: Leveraging the First Sale Rule and bonded warehouses to legally reduce import duties
• Policy & Tariff Updates: What businesses need to know about recent tariff changes and upcoming trade policy developments

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.