- Recent Trade Developments: Following a delay in reciprocal tariffs, the U.S. has established preliminary trade agreements with multiple countries, including the EU, Japan, and South Korea, while also updating tariffs and trade discussions with nations like Brazil, India, and Canada.
- Increased Trade Complexity: The administration’s recent executive actions have introduced new tariff rates and compliance requirements for over 60 jurisdictions, significantly complicating the global trade landscape for multinational businesses and increasing costs.
- Recommended Actions for Businesses: Tax and trade professionals should assess the implications of these changes on supply chains, re-evaluate sourcing strategies, and consider mitigation tools, especially for goods impacted by new tariffs, while ensuring compliance with the updated regulations.
Source PwC
Latest Posts in "United States"
- Washington State to Tax Advertising and Retail Services Starting October 2025
- Vernon, Alabama Raises Local Sales and Use Tax Rates Effective October 2025
- Florida Eliminates Sales Tax on Commercial Real Estate Leases Effective October 2025
- Are Meal Subscription Boxes Subject to Sales Tax? Understanding Taxability by State
- Most New Jersey Voters Strongly Oppose Expanding or Raising State Sales Tax, Poll Finds
