Impact of Tariffs on Impairment of Assessments under IFRS Accounting Standards

Recently, trade tensions have notably transformed the global business environment. A key development is the widespread imposition of US tariffs, which change market dynamics and influence international business operations. Such changes trigger important considerations for impairment assessments under International Financial Reporting Standards (IFRS), Accounting Standards, specifically IAS 36 – Impairment of Assets. This article examines the impact of US tariffs on impairment assessments and offers practical guidance for finance professionals facing these challenges.