April 14, 2025 – Jay Cho, tax director at Aprio, recently shared his insights with NJBIZ in an article published on April 7, 2025, exploring how businesses can navigate the evolving U.S. tariff landscape. With tariffs continuing to create uncertainty for importers, Jay outlined how companies, particularly those in life sciences, can proactively assess their exposure and explore opportunities to mitigate financial impact.
Jay said that businesses with related-party operations overseas may have opportunities to renegotiate transfer pricing agreements, provided they conduct a thorough customs valuation study and remain compliant with IRS standards. “You cannot do a knee-jerk reaction,” Jay explained. “A multidimensional analysis is instead necessary.”
To read the full article, visit NJBIZ.