Foley & Lardner LLP partner Gregory Husisian gave insight in Vogue Business on how beauty brands can mitigate the impact of evolving trade policies in the article, “How US tariffs would hit beauty.”
Husisian, who co-chairs Foley’s International Trade & National Security Practice, encouraged brands to quickly assemble a due diligence plan and gather data to assess their risk exposure.
“Ask your customs broker for a copy of a full list of imports for the last three years from the Automated Commercial Environment (ACE) port,” he explained. “Then, use this and other import data to understand where the areas of greatest tariff risk exist and formulate plans regarding how to cope with various tariffs.”
