In late April, John shared some tips for companies preparing their first quarter 10-Qs, noting that the “timing of the President’s actions and the potential for another shoe to drop in less than 90 days create almost perfect conditions for companies to stumble into traps for the unwary when addressing these line-item disclosure requirements.” While companies were grappling with tariffs — and the resulting disclosure considerations — at 10-K and first quarter 10-Q time, we now find ourselves assessing new information and a possible August 1st effective date that presents timing challenges for second quarter 10-Qs. 

It seems tariff-related disclosure reminders are once again timely. Since this is a déjà vu / glitch-in-the-matrix situation, I’ve got the easy task of gathering a blog roundup, thanks to my brilliant colleagues who shared excellent tips earlier this year:

– The Tariffs Are Here: What Does This Mean for Public Company Disclosures?

– More Tariffs are Here: The Disclosure Considerations

– Risk Factors: Do You Need to Update Your Form 10-Q?

– Navigating Earnings Calls & Investor Meetings Amid Tariff Turmoil

– Tariff Disclosure: Form 10-Q Traps for the Unwary

We’ve also written about the governance, commercial and compliance implications of the ongoing tariff developments:

– Tariff-Related Issues for Boards & Audit Committees

– Will New Tariffs Trigger Contractual Force Majeure Clauses?

– Tariff Compliance: Beware the False Claims Act

– Tariff Troubles: Questions the Audit Committee Should Ask

– Board Duties: Navigating Tariff Oversight Responsibilities

– Tariff Turbulence: Friction Points in Commercial Contracts

– Tariff Turbulence: Legal and Compliance Risks in a Global Trade War

And don’t forget that we’ve consolidated tariff-related resources into a new “Trump Administration Tariffs” Practice Area.

– Meredith Ervine