Pillsbury – Recent shifts in U.S. trade policy, including the wide imposition of tariffs on imports from most trade partners, have introduced complexities for government contractors that most companies have either never considered or have not thought about in decades. These developments necessitate a thorough understanding of the Federal Acquisition Regulation (FAR) and the Defense Federal Acquisition Regulation Supplement (DFARS) clauses related to cost recovery, duties and taxes.
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Navigating Tariff Developments in Government Contracting
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