- Tariff Policy Changes: On April 9, 2025, President Trump announced a 90-day pause on country-specific tariffs while increasing tariffs on Chinese goods to 125% and modifying de minimis duties on low-value imports from China and Hong Kong, significantly raising costs for these goods.
- International Reactions: In response to the U.S. tariffs, China imposed additional tariffs of 84%, escalating to 125% on April 11, 2025, while the European Union announced 25% duties on U.S. goods, which were paused for 90 days following Trump’s tariff suspension.
- Business Considerations: Companies importing into the U.S. are advised to assess the impacts of these tariff changes on their operations, including reviewing contracts, considering customs valuation, and staying inf
Source EY
Latest Posts in "United States"
- Sitka, Alaska Declares Sales Tax-Free Days for Black Friday Weekend, November 28-29, 2025
- Florida Introduces Extended Sales Tax Holiday for Firearms and Outdoor Gear, September-December 2025
- Rhode Island Implements 7% Sales Tax on Short-Term Parking in Lots and Garages
- Understanding the 1% Transportation Sales Tax Referendum: Key Facts and Implications for Voters
- Supporters and Critics Clash Over Mecklenburg’s Proposed 1% Transit Sales Tax Referendum
