History is written by the victors. This article, however, is written for the victors…of the first round of implementing tariff mitigation strategies in supply chains. A little less catchy.

When President Trump imposed tariffs in his first term, companies that moved quickly to develop alternative supplier ecosystems and build multi-sourcing trade relationships, among other strategies, quickly outpaced competitors.

“There were other companies that chose to not move as quickly, and I think they’re paying for it and playing catch-up now,” Andrew Rader, managing director of Maine Pointe, a global supply chain and operations consulting firm, told CFO Brew.

“Early movers are now structurally advantaged. Companies that relocated production during the first Trump term didn’t just ‘avoid tariffs,’” Ted Stank, co-executive director of the Global Supply Chain Institute at the University of Tennessee Knoxville’s Haslam College of Business, told us over email. “When trade policy shifts again, they don’t have to react; they just execute their plan.”

It’s not that late movers are hopeless cases, though. What better way to catch up than, oh, I don’t know, reading this article?

Keep reading.—NP

AI will take care of the finance team’s busy work, so they can focus on more high-value tasks, goes the common refrain.

But that’s not where CFOs see the biggest impacts of the technology in their departments over the coming years, according to a new survey from software developer Wolters Kluwer.

The survey of nearly 1,700 CFOs and finance leaders globally, conducted in Q4 2025, found that respondents expect AI will have the biggest impact on “functions that shape enterprise strategy” in the next three years. Translation: AI will reshape not just finance’s manual tasks, “but those with strategic value.”

Roughly three-fifths of respondents said “major transformational change” will happen in each of the following activities: financial modeling, financial reporting, capital allocation, FP&A, and scenario planning.

Keep reading.—AZ

Dealings and data-sharing practices with ICE and other law enforcement agencies have become a flash point for companies. That’s just as true at the IRS.

In February, a federal appeals court in Washington, DC, denied a request from an immigrant rights group to temporarily block the IRS from sharing taxpayer data, including names and addresses, with Immigration and Customs Enforcement (ICE), making it easier to locate and deport individuals.

A three-judge panel said the groups suing the federal government over the agreement—Centro de Trabajadores Unidos, Immigrant Solidarity DuPage, and other nonprofits—were “unlikely to succeed on the merits of their claim,” adding that the appellants failed to meet the “heavy burden” of demonstrating a need for “preliminary injunctive relief.”

Elsewhere in the ruling, the judges stated that Section 1603 of federal tax code, which “generally prohibits the release of tax information by an IRS employee,” doesn’t classify names and addresses as “taxpayer return information, so they do not receive any special protection from disclosure.”

Keep reading.—NP

The feeling of getting a 5/5 on the Brew’s weekly news quiz has been compared to getting a company-wide shout-out from your boss. It’s that satisfying.