Company: IPAR
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001753926-25-000424
Chunk: 131

Company: INTERPARFUMS INC
Filing Date: 2025-03-11
Form: 10-K
Item: Item 1
Chunk 131
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 the United States. As a company engaged in manufacturing and distribution on a global scale, we are subject to many risks and uncertainties, including:

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 changes in foreign laws, regulations and policies, including restrictions on trade, import and export license requirements, and tariffs and taxes, as well as changes in United States laws and regulations relating to foreign trade and investment; and      

 ●  

 industrial accidents, environmental events, strikes and other labor disputes, disruptions in supply chain or information technology, loss or impairment of key manufacturing sites or suppliers, product quality control, safety, as well as natural disasters, adverse weather conditions, social, economic and geopolitical conditions, such as terrorist attacks, war or other military action and other external factors over which we have no control.      
 
These risks could have a material adverse effect on our business, prospects, results of operations and financial condition.

Risks
Associated with Changes in International Trade Policies, Tariffs and
Cross-Border Operations
The US government has indicated its intent to
adopt a new approach to trade policy and in some cases to renegotiate, or
potentially terminate, certain existing bilateral or multi-lateral trade
agreements. It has initiated or is considering the imposition of tariffs on
certain foreign goods, including fragrances and fragrance related products.
Changes in US trade policy could result in one or more of US trading partners
adopting responsive trade policies making it more difficult or costly for us to
export our products to those countries. As an example, on February 1, 2025, the
U.S. government announced a 25% tariff on product imports from certain
countries, including Mexico and Canada, and 10% tariffs on product imports from
certain countries, including China. Our business operations, financial
condition, and results of operations could be significantly affected by these
measures and the potential expansion of existing tariffs or implementation of
new tariffs, trade restrictions, or retaliatory measures by China, Mexico, or
Canada that could disrupt our established supply chain, increase costs of goods
sold into the United States and this in turn could require us to increase
prices to our customers which may reduce demand, or, if we are unable to
increase prices, result in lowering our margin on products sold.
We cannot predict future trade policy or the
terms of any renegotiated trade agreements and their impact on our business.
The adoption and expansion of trade restrictions, the occurrence of a trade
war, or other governmental action related to tariffs or trade agreements or
p