A recent Agiloft survey revealed that approximately 90% of companies are incorporating tariff-related clauses into contracts to mitigate risks from global trade disruptions. This trend reflects the increasing unpredictability of tariffs, prompting firms to adopt protective measures. Nearly half of businesses feel overwhelmed by the volume of contracts needing review, with legal departments leading the revisions. Political uncertainty and tariff changes complicate contract management, often straining resources and delaying decisions. The U.S. government has collected $165 billion in tariffs, but a recent court ruling may require refunds, adding to the uncertainty for businesses.

Source: https://www.supplychaindive.com/news/tariff-clauses-in-business-contracts-proliferate-amid-trade-disruption-trump/760576/