Avery Dennison Corp (AVY) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that Avery Dennison Corp surfaced in its latest filing.

• U.S. implemented a 10% global baseline tariff rate on nearly all imports in 2025.2025
• U.S. applied significant tariffs on goods from Canada, Mexico, China, and the European Union, each of which announced reciprocal tariffs.2025
• In July 2025, the U.S. and the European Union agreed to a framework for a trade deal that included a baseline tariff rate of 15% on most goods imported from the European Union into the U.S.July 2025
• In February 2026, the U.S. Supreme Court ruled that the applied tariffs were not authorized under the International Emergency Economic Powers Act.February 2026
• Beginning in the second quarter of 2026, U.S. Customs and Border Protection began processing refunds related to certain unliquidated tariffs affected by the Supreme Court ruling.Second quarter of 2026
• In June 2026, the U.S. Department of Justice filed an appeal in the U.S. Court of Appeals for the Federal Circuit asserting that the U.S. Court of International Trade overstepped by ordering refunds to non-litigants on liquidated entries.June 2026
• In July 2026, the U.S applied new tariffs of 10.0% and 12.5% on certain imports from 60 countries.July 2026
• Since the Russia-Ukraine war began in 2022, the company has maintained its position of not shipping products to the Russian market.2022
• Sales in Israel have not recovered since the beginning of the Israel-Hamas war in late 2023.late 2023