Taxes July 1, 2025
Canada Drops Digital Tax to Restart U.S. Trade Talks
Canada has withdrawn its digital services tax on technology companies such as Meta Platforms Inc. and Alphabet Inc. in a move to restart trade talks with the U.S.
Taxes June 27, 2025
Trump Ends Trade Talks With Canada, Threatens to Set Tariff
President Donald Trump said he was ending all trade discussions with Canada after claiming the country moved to implement a digital services tax and threatened to impose a fresh tariff rate within the next week.
Taxes June 19, 2025
Tax Break for Cigarettes Sparks a Flood of Imports
Mexican-made packs of popular U.S. cigarette brands are flooding the market as a result of a loophole in U.S. trade law.
Small Business June 18, 2025
Supreme Court Asked to Hear Challenge to Trump’s Global Tariffs
The request filed by two family-owned toy companies on June 17 seeks to put the case on an expedited track with the possibility of a definitive Supreme Court ruling by the end of the year.
Small Business June 13, 2025
Cost of Trump’s Tariffs Hits Home, as Several Goods and Services Surge to Record Highs
President Donald Trump’s trade war is affecting Americans from buying groceries to paying electric bills, with the cost of bananas, ground beef, and electricity surging to all-time highs.
Small Business June 11, 2025
Trump Tariffs Can Remain in Effect, U.S. Appeals Court Says
The order Tuesday by the U.S. Court of Appeals for the Federal Circuit extends an earlier, short-term reprieve for the Trump administration as it presses a challenge to a lower court ruling last month that blocked the tariffs.
Small Business June 10, 2025
U.S. Asks Appeals Court to Let Trump Tariffs Remain for Longer
A federal appeals court is closer to ruling on whether to keep most of President Donald Trump’s global tariffs in place longer while the legal battle over them continues.
Taxes May 30, 2025
Tariff Ruling Threatens a $2 Trillion Fiscal Hole in Trump Plan
The court ruling that blocked much of President Donald Trump’s sweeping tariffs threatens to blow what some economists estimate as a $2 trillion hole into the U.S. fiscal outlook over the coming decade.
Small Business May 29, 2025
Trump Wins Tariff Reprieve as Trade Agenda Faces Court Rollback
A federal appeals court offered President Donald Trump a temporary reprieve from a ruling threatening to throw out the bulk of his sweeping tariff agenda.
Small Business May 29, 2025
Navigating Tariff Volatility in 2025
In a recent webinar hosted by Bloomberg Tax & Accounting and Bloomberg Law, tax and legal professionals examined the implications of the Trump administration's wave of new tariffs and provided insights for businesses navigating emerging complexities.
Small Business May 29, 2025
Trump’s Global Tariffs Deemed Illegal, Blocked by U.S. Trade Court
The U.S. Court of International Trade in Manhattan issued a ruling Wednesday siding with Democratic-led states and a group of small businesses that argued Trump had wrongfully invoked an emergency law to justify some of his levies.
Taxes May 28, 2025
Trump Bristles at ‘TACO’ Trade That Bets on Him Backing Down
The acronym—which stands for Trump Always Chickens Out—has been adopted by traders trying to navigate the dozens of changes to tariff policy Donald Trump has announced during his presidency.