US, Mexico lock in September USMCA talks as auto content dispute deepens
The US and Mexico will meet for a fourth negotiating round in early September 2026 to work through disagreements on revamping the 26-year-old North American trade agreement (USMCA). US Trade Representative (USTR) Jamieson Greer held talks this
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Canada threatens retaliation over Trump’s 50% tariffs
Canada’s Prime Minister Mark Carney told provincial premiers on 23 July 2026 that Canada would retaliate against new US tariffs if negotiations fail. The announcement came days after US President Donald Trump imposed 50% duties on Canadian
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Chile: SII clarifies arm’s length pricing for intangiblesÂ
The Chilean tax authority (SII) has released Letter Ruling No. 1801, dated 20 July 2026, in response to a taxpayer inquiry on whether the DEMPE analysis set out in Chapter VI of the OECD Transfer Pricing Guidelines is an appropriate method for
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US: USTR announces final tariffs following Section 301 forced labour investigations
The United States Trade Representative (USTR) has announced on 23 July 2026 the final tariff measures following its Section 301 investigations into 60 countries and economies launched in March 2026 to determine whether foreign governments had taken
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US: Trump signs aluminium tariff adjustment to spur smelter investment
US President Donald Trump has signed a new proclamation on 20 July 2026, adjusting tariffs on aluminium imports to address the gap between US demand and domestic production capacity. The administration cited aluminium as critical to the economy
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Brazil delays CBS registration, tax document obligations for individuals until 2027
Brazil’s tax authority, the Federal Revenue Service (RFB) announced, on 22 July 2026, the publication of Decree No. 13,075, of 21 July 2026, formalising the change in the implementation schedule for registration and documentary obligations
See MoreUS targets interim USMCA deals with Mexico, Canada by year-end as full overhaul slips to 2027
US Trade Representative (USTR) Jamieson Greer signalled this week that the Trump administration has abandoned hope of completing a full USMCA overhaul this year. Speaking before the Senate Finance Committee on 22 July 2026, Greer said he aimed to
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Peru introduces 100% tax deduction for reinvested profits under new maritime industry incentives
Peru has enacted Law No. 32706, introducing tax incentives and industry measures aimed at modernising the country's commercial fleet used for national coastal shipping while strengthening the domestic naval industry, including shipbuilding, repair
See MoreChile: SII clarifies withholding tax for short-term performing arts contracts
Chile’s tax administration (SII) has issued Ruling No. 1723-2026 of 14 July 2026, in which it addresses and formalises the tax treatment for short-term performing arts workers. The SII issued this directive in response to a specific
See MoreUS: Trump Administration imposes zero-tariff window for generics through July 2028, then 100% and 200% tariffs
President Donald Trump announced on 21 July 2026 that generic drugs imported into the United States will enjoy a zero-tariff window through 31 July 2028, after which tariffs will accelerate sharply. Once the grace period ends, imported generics will
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US, Jordan sign reciprocal trade agreementÂ
The Office of the United States Trade Representative (USTR) announced the signing of a reciprocal trade agreement with Jordan on 21 July 2026 and released a fact sheet outlining its key provisions. “President Trump is deepening our economic and
See MoreUS: Trump Administration set to replace expiring 10% tariff with forced-labour duties on 60 countries
US President Donald Trump is set to impose new tariffs on dozens of countries as early as this week, according to a Financial Times report published yesterday, 21 July 2026, ahead of the expiration of the temporary 10% global tariff on Friday, 24
See MoreBrazil, Cambodia considers negotiating for income tax treaty
Cambodia's Ministry of Economy and Finance announced, on 16 July 2026, that officials from Brazil and Cambodia met on 15 July 2026 to discuss bilateral cooperation. The two sides agreed to explore formal investment protections, a bilateral free
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Chile: SII extends tax relief for 20 more municipalities after storm damage
Chile's tax authority (SII), the Ministry of Finance and the General Treasury, announced on 20 July 2026 that they have added 20 municipalities to a forgiveness programme for storm-affected taxpayers, expanding relief to cover individuals and
See MoreChile: SII, mining authority push advance pricing agreements to lock in transfer prices
Chile's tax authority (SII) announced on 20 July 2026 that SII and Chile’s Copper Commission (Cochilco) hosted a conference on 13 July 2026, aimed at encouraging major mining companies to enter into advance pricing agreements—formal contracts
See MoreUS: Trump Administration invokes century-old law to hit Canada with 50% tariffs
President Donald Trump announced 50% tariffs on approximately USD 20 billion of Canadian imports on 20 July 2026, marking the first use of Section 338 of the Tariff Act of 1930 in nearly a century. The action targets a wide array of
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Argentina ratifies second amending protocol to income tax treaty with France
Argentina has gazetted Law 27814 on 17 July 2026, which ratifies the amending protocol to its 1979 income and capital tax treaty with France. Signed on 6 December 2019, the protocol is the second to amend the treaty. It will enter into force 30
See MoreChile: SII grants tax amnesty to storm-affected regions through October 2026
Chile's Ministry of Finance, the tax authority (SII), and the General Treasury of the Republic (TGR) have granted automatic tax relief to taxpayers in 28 municipalities hit by a recent storm system, according to a release on 19 July
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