Aprio in Bloomberg Tax: Nearshoring’s Tariff Benefits Might Not Be Worth Other Costs

April 2, 2025 – Aprio’s Vanessa Piedrahita and Jay Cho provided insights in Bloomberg Tax on the complexities of nearshoring to Latin America in response to shifting tariff policies. Their article, “Nearshoring’s Tariff Benefits Might Not Be Worth Other Costs,” published on April 2, 2025, examines the compliance, tax, and supply chain challenges that could ultimately outweigh the expected cost savings of relocation.

“Many US manufacturers assume that nearshoring automatically leads to tariff savings, but the reality is far more complex,” said Vanessa Piedrahita, Aprio tax partner and Latin America practice leader. “Without a comprehensive understanding of trade agreements, customs valuation and compliance risks, companies may find themselves facing unexpected costs and penalties.”

Jay Cho, tax director of Aprio’s Tariffs and Customs Practice, added, “Nearshoring is not a one-size-fits-all solution. Businesses must conduct a full feasibility study and engage trade and customs professionals to ensure they are making a strategic and cost-effective decision.”

Read the full article in Bloomberg Tax.