Overview

• Almost half of U.S. companies say they have switched suppliers in response to shifting tariffs.
• Fifty-one percent report entering new sourcing markets where they had not done business before to reduce exposure.
• Forty-nine percent say they have exited existing partnerships after double-digit tariff increases on trade partners.
• Seventy-three percent report more complex negotiations and 71% cite higher contract management costs tied to tariffs.
• Forty-six percent are revising terms more frequently, 36% are renegotiating contracts, and roughly 40% are adding political-risk provisions, while 53% call tracking policy updates a top challenge.