August 1, 2025
Trump Sets 10% Minimum Global Tariff, Raises Canada Rate to 35%
Most of the rates will take effect after midnight on Aug. 7 to allow time for U.S. Customs and Border Protection to make necessary changes to collect the levies.
Small Business July 30, 2025
Reciprocal Tariffs Explained: Impact on U.S. Businesses
Reciprocal tariffs on dozens of countries were set to increase July 9, 2025. However, on July 7, the White House extended the current 10% modified reciprocal tariffs until August 1, 2025.
Taxes July 28, 2025
Trump Says Surprise Rebate Checks Could be Coming Thanks to Tariff Revenue
President Donald Trump on July 25 said that he’s considering issuing rebate checks to Americans that would be paid out of the revenue generated by increased tariffs on other countries
Accounting July 21, 2025
European Union Makes Plans to Retaliate for Trump Tariffs
Before Trump’s letter, the EU had been hopeful it was edging toward an initial framework that would allow detailed discussions to continue on the basis of a universal rate of 10% on many of the bloc’s exports.
Accounting July 18, 2025
86% of Financial Professionals Express Concern Over Economy
Additionally, 50% say they are “very concerned” about the likelihood of a recession, and 22% expect one to hit within the next 12 months.
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Small Business July 15, 2025
European Union Responds to Trump Tariffs by Targeting Boeing, U.S. Cars and Bourbon
Over the weekend, Trump said he would raise E.U. tariffs to 30% on Aug. 1, which the bloc’s trade chief Maros Sefcovic called “effectively prohibitive” to transatlantic trade.
Taxes July 11, 2025
Trump Escalates Canada Trade Fight with 35% Tariff Threat
President Donald Trump threatened a 35% tariff on some Canadian goods and raised the prospect of increasing levies on most other countries.
Small Business July 9, 2025
Trump Tariff ‘Blank Check’ Must be Curbed, Appeals Court Told
A group of small businesses that won an order finding President Donald Trump’s sweeping global tariffs illegal urged a federal appeals court to uphold that decision and block the trade levies.
Taxes July 9, 2025
Trump Says No Tariff Extensions, Hardens Threats on Copper and Drugs
President Donald Trump vowed to push forward with his aggressive tariff regime in the coming days, stressing he would not offer additional extensions on country-specific levies set to now hit in early August.
Taxes July 8, 2025
Trump Issues New Tariff Rates with Aug. 1 Deadline
President Donald Trump unveiled the first in a wave of promised letters that threaten to impose higher tariffs rates on key trading partners, including levies of 25% on goods from Japan and South Korea starting next month.
Small Business July 2, 2025
Tariff Impact on U.S. Prices Expected to Come This Summer
The Fed has held off on lowering interest rates this year—despite intense pressure from President Donald Trump—in part to determine whether tariff-driven price hikes might evolve into more persistent inflation.
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.