Download our white paper "Negotiating Uncertainty: Legal Options for Manufacturers Confronting Tariffs" by Daniel Ferris and Derek Boyd
“Negotiating Uncertainty: Legal Options for Manufacturers Confronting Tariffs," written by Kerr Russell attorneys Daniel Ferris and Derek Boyd, can be downloaded here. The piece details the implications of recent tariffs imposed on steel and aluminum articles imported into the US from countries other than Argentina, Australia, Brazil, and South Korea. A timely topic, the story and its impacts continue to unfold daily. We hope you find this a useful resource for your business planning purposes.
Excerpt: "Anticipation of the tariffs was enough to contribute to increases in steel prices in the months leading up to the official announcement, and the last-minute exemptions issued to a number of impacted countries, as well as the view that the tariffs are being used as leverage in negotiations relating to U.S. trade agreements, has contributed to widespread uncertainty about the precise effect the tariffs will have on prices over time. At a minimum, however, the tariffs will impact many companies involved in manufacturing, including the automotive industry, and could cause supply-chain disputes between manufacturers and suppliers of steel and aluminum components. Many companies are parties to long-term, fixed-price contracts for the supply of components, and such arrangements are directly impacted by significant fluctuations in raw material prices. Suppliers of steel and aluminum products may determine that these contracts are no longer profitable as written following an increase in the market price of steel and aluminum and may wish to renegotiate contract prices as a result."
Daniel J. Ferris feels privileged to be called upon to assist companies and individuals across a range of industries and with a wide variety of issues. He handles matters involving class action, commercial disputes, corporate law, employment law, insurance, licensing, litigation, products liability, and professional liability defense. Dan represents automotive manufacturers and is a member of the Original Equipment Suppliers Association Young Leadership Council. He also assists companies involved in the construction industry. Additionally, Dan represents corporations and individuals involved in health care including dentists, hospitals, medical device manufacturers, and physicians. He serves as Co-Chair of the Professional Liability & Health Care Section of Michigan Defense Trial Counsel. He has particular experience in non-compete and sales representative contracts. Dan has been recognized by Super Lawyers as a “Rising Star” (no more than 2.5% of lawyers practicing in the State of Michigan receive this distinction).
Dan is passionate about education. In addition to his undergraduate and law degrees from the University of Michigan, he completed a trial advocacy program at the Northwestern University School of Law. Dan has served as an instructor at the University of Michigan and is an editor of a forthcoming edition of Michigan Law of Damages and Other Remedies, a treatise published by the Institute of Continuing Legal Education. He is a member of Kerr Russell’s Continuing Legal Education Committee and has served as a judge for moot court competitions at the University of Michigan and Wayne State University Law Schools. Dan has also served as a “Barrister” in the American Inns of Court, which is an organization that promotes legal education. He has presented on topics relating to commercial litigation, health care, and legal research.
Dan is also passionate about civic service. He was first appointed and then elected to serve as a member of the State Bar of Michigan Representative Assembly, which is the final policy-making body of the State Bar. He is also a Fellow of the Oakland County Bar Foundation, which promotes increased access to and understanding of the legal system. Dan supports homeless youth as a member of the Covenant House Michigan Young Professionals Society. He additionally volunteers with Kerr Russell’s Giving Back program, has represented nonprofit corporations, and has represented clients on a pro bono basis. Dan previously held a leadership position in a community service organization and has traveled to multiple sites around the United States to perform volunteer work.
Download our white paper "New laws for prescribing controlled substances in Michigan: Are you ready?," including "Fast Facts" timeline of new prescribing laws by effective date.
Derek Boyd's practice focuses on commercial litigation, while providing support for the defense of medical malpractice actions, as well.
Prior to joining Kerr Russell, he represented physicians and hospitals in a wide variety of both medical malpractice and general negligence matters. He also worked for a "Big Three" automaker in its transfer pricing counsel group, helping establish and execute global tax strategy for its subsidiaries and ensuring compliance with statutory guidelines. He graduated from Wayne State University Law School where he was Associate Editor of The Wayne Law Review and National Team Member of the Wayne State Moot Court Team, as well as a litigation supervisor and Board member of the Detroit Free Legal Aid Clinic.
About Kerr Russell ...
We are proud of Detroit. We are proud to have had a seat at the table here since 1874.
Our exceptional attorneys understand the unique challenges facing business leaders. Our legal solutions are prompt, accurate, economical, and focused around your needs in every area, including business law, labor and employment, immigration, mergers and acquisitions, real estate and construction, healthcare, medical practices, tax, contract negotiation, restructuring, automotive, manufacturing, and commercial litigation.
Whereas many lawyers merely interpret the law, our attorneys help to make it. We have been involved in some of the most significant legal developments in state business and health care law, and our trial lawyers have been involved in many notable commercial cases in Michigan and other jurisdictions.
In business and legal circles, we are respected for our high standards, quality work, and professional ethics and integrity.
For nearly 150 years, Detroit has been our home. Detroit will always be our home.
500 Woodward Ave., Suite 2500,
Detroit MI 48226
201 West Big Beaver Road, Suite 260, Troy, MI 48084
7/F, Oriental Financial Centre
333 Lu Jia Zui Ring Road, Pudong District, Shanghai 200120, China