Navigating tariff turbulence to your business and your accounting

PwC's accounting podcast · Mar 18, 2025 · 47m · transcript

Tariffs are dominating headlines and reshaping global trade. In this episode we break down what they may mean for businesses and financial reporting, and we share insights on how companies can prepare.

In this episode, we discuss:

1:44 – Overview of tariffs and the current state of play

16:28 – Key financial reporting impacts

21:12 – Reciprocal tariffs: Country- and industry-specific impacts

25:44 – Accounting implications: Cost capitalization, customer contracts, asset impairments, income taxes, and disclosures

37:30 – Strategies for managing tariff impacts

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