- 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"
- Utah Extends Sales Tax to Streaming and Digital Content from 1 July 2026
- Missouri: annual back-to-school sales tax holiday runs 7–9 August 2026
- Maryland: electricity transmission and distribution equipment held exempt from sales and use tax
- Colorado adopts Special Rule 46 addressing sales and use tax treatment of lease transactions
- Brazilian exporters must consider implications of latest US tariffs
