Posts Tagged ‘Customs and Tariffs’
Court ruling blocks some tariffs; refunds may be possible, pending appeals
The Court of International Trade (CIT) in Manhattan has blocked many of President Trump’s recently-issued tariffs, concluding that the President’s use of the International Emergency Economic Powers (IEEPA) to enact the tariffs was unlawful, ordering the administration to cease the tariffs within 10 days. Subsequently, the administration appealed the ruling to the U.S. Court of…
Read MoreThe Economic Tariff Domino Effect that Shocked Main Street to Wall Street
At a glance: Schedule a Consultation The tariffs package announced as “Liberation Day” marked a major shift in U.S. economic policy that could set off a domino effect that may impact GDP growth, inflation, corporate strategy, supply chains, and day-to-day operations. While the final policies on tariffs remain uncertain, especially as a 90-day pause on…
Read MoreTrade with Canada Amidst Changing Economic and Political Landscape
At a glance The full story: Canada’s business landscape faces a confluence of challenges, creating a turbulent environment for cross-border companies. U.S. President Donald Trump’s recent proposal to impose a 25% tariff on all imported Canadian products adds another layer of complexity that raises concerns over trade disruptions and increased costs. These proposed tariffs echo…
Read MorePresident Trump’s 2025 Executive Orders: How They Impact Your Business
At a glance Connect with Aprio to discuss how these actions could impact your business. Overview of President Trump’s 2025 executive orders Since President Donald Trump began his second term on January 20, 2025, he has issued an array of executive actions that could have significant implications for various sectors. In addition to rescinding 78…
Read MoreExternal Revenue Service (ERS): Trump’s Proposed Tariff Agency Could Impact International Trade
At a glance Schedule a consultation The full story: President Donald Trump recently declared his intention to develop a U.S. tariff collection agency that could impact international trade: the External Revenue Service (ERS). While the ERS is still in the nascent stages and key details regarding its functionality are unclear, it is expected to trigger…
Read MoreRecent Updates on the China Tariff Exclusion Process
At a glance: The full story The U.S. Trade Representative (USTR) has opened a new window for companies importing industrial machinery from China to apply for exclusions from Section 301 tariffs. (Reminder: Section 301 tariffs are trade sanctions that the U.S. can impose on foreign countries that engage in unfair trade practices or violate trade…
Read MoreSpotlight on: Carl Budenski, Aprio’s Transfer Pricing Director
Transfer pricing is all about helping clients navigate the complexities of U.S. and international tax laws, particularly when it comes to cross-border intercompany transactions. Aside from ensuring compliance and reducing audit risks, transfer pricing also focuses on strategic tax planning. Aprio’s Customs & Tariffs and International Tax Services teams work synergistically with our transfer pricing…
Read MoreSpotlight on: Vanessa Piedrahita, Aprio’s Latin America Practice Leader
When considering global expansion, it’s important for Latin American companies to partner with advisors that understand the cultural landscape and can conduct business in Spanish. Effective advisors have a depth of knowledge and experience managing international tax regulations, customs and tariffs, global mobility, and transfer pricing issues to support operations across borders outside of Latin…
Read MoreAre You Overpaying on Duties for Imported Goods?
At a glance The full story: In recent decades, the U.S. Customs and Border Protection’s (CBP) First Sale Rule has gained traction as a strategic way for importers to substantially reduce the customs duties paid on imported goods. The First Sale Rule provides importers in multi-tier transactions a viable alternative to the more commonly used…
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