Sooooo…. Tariffs are kind of in the news lately…it was time to finally cover the obscure application of tariffs in government contracting.
In simple terms, Tariffs are a tax on goods as they enter the country. That’s not news, nor is that the point of this episode. Tariffs have been around for centuries in some form…and they change often enough that there is a niche government commission that keeps track of the world wide list of tariffs.
This episode is not about the politics of tariffs or whether they are good or bad. The point of this episode is to explain how tariffs impact both buyers and sellers in government contracting. If you’re wondering if, and how, tariffs impact government contracting, this episode is for you. Kevin and Paul dig into one of the more obscure parts of the FAR (Part 29: Taxes) to unearth some key concepts and key clauses that apply to tariffs and outline how to navigate them from both sides.