Tariff revenue has surged in 2025, and several industries, including motor vehicles, home goods, and construction products, have been especially impacted.

In a new article published in Tax Notes, Principal Andrew O’Brien-Penney examines recent trends in tariff revenue and corporate taxation and highlights inflation pressures in industries most exposed to tariffs. He also discusses strategies that multinationals are considering in managing the cost of tariffs.

The full article, “The Changing Landscape of Tariffs and Taxation – And What Companies Can Do,” is available below.

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