US: California pushes ahead on EV incentives amid federal rollbacks
The US state of California is moving quickly to strengthen vehicle emissions standards and expand electric vehicle (EV) incentives, even as the Trump administration dismantles federal environmental protections. This week, state officials,
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US: IRS asks tax professionals to prepare for filing season
The US Internal Revenue Service (IRS) issued a notice on 29 January 2026 urging tax professionals to prepare for the upcoming filing season. “Tax professionals can play a key role in furthering the IRS’s mission to ensure taxpayers understand
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US: IRS National Taxpayer Advocate releases 2025 Annual Report to Congress
The US Internal Revenue Service (IRS) released the National Taxpayer Advocate’s 2025 Annual Report to Congress on 28 January 2026, assessing IRS performance over the year and identifying potential risks for 2026. The report notes that taxpayer
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US: IRS publishes guidance on updated federal payment processes
The US Internal Revenue Service has issued frequently asked questions in Fact Sheet 2026-02 on 27 January 2026 to help taxpayers, businesses, and other stakeholders understand the changes under Executive Order 14247: Modernising Payment To and From
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US imposes 25% tariffs on Korean imports
US President Donald Trump announced in a Truth Social post on 27 January 2026 that tariffs on Korean autos, lumber, pharmaceuticals, and other goods subject to reciprocal measures will increase from 15% to 25%. The higher rate reverses the
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US: Trump threatens Canada with 100% tariffs
US President Donald Trump has warned that Canada could face serious consequences if it moves forward with closer trade ties with China. In a post on Truth Social on 24 January 2026, Trump said he would impose a 100% tariff on all Canadian goods
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US: Trump threatens to hike tariffs on Korean imports
Korea (Rep.) moved quickly on 27 January 2026 to reassure the US that it still plans to carry out a major trade agreement, after President Donald Trump threatened to raise tariffs on Korean imports. Trump said the tariff increase was a response
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US: IRS opens individual income tax filing season for 2026
The US Internal Revenue Service (IRS) announced, on 26 January 2026, that it has opened the 2026 tax filing season and began accepting and processing federal individual income tax returns for tax year 2025. The IRS expects about 164 million
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US: Trump Administration signals pause on tariffs, announces framework for potential Greenland agreement
US President Donald Trump announced in a post on Truth Social on 22 January 2026 that he would not impose tariffs on the dispute over Greenland, easing tensions that had unsettled NATO allies and raised fears of a serious transatlantic
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US: Supreme Court delays decision on Trump tariffs
The US Supreme Court did not issue any ruling regarding the highly anticipated case challenging the legality of President Donald Trump’s global tariff measures on 20 January 2026. The justices also did not indicate when they will next issue
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US: Supreme Court schedules 20 January for Trump tariff cases rulings
The US Supreme Court is set to resume issuing decisions on 20 January 2026 regarding the legality of former President Donald Trump’s broad global tariff policies. According to a notice posted on the court’s website on Friday, the justices may
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US: House of Representatives approves bill to cut IRS budget by 9%
The US House of Representatives passed H.R. 7006 by a 341–79 vote on 14 January 2026, moving closer to finalising the FY 2026 federal budget. The bill would cut US Internal Revenue Service (IRS) funding by about USD 1.1 billion, roughly 9%
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US: Trump announces new tariffs over Greenland, EU mulls USD 108 billion in retaliatory tariffs
The weekend delivered a major jolt when President Donald Trump announced a new round of tariffs targeting eight allied nations. On 17 January 2026, Trump posted on Truth Social, demanding the "complete and total purchase of Greenland" from
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US, Taiwan reach major trade deal on semiconductors and key Taiwanese exports
The US and Taiwan have finalised a significant trade agreement that will reduce tariffs on many Taiwanese exports, boost US technology investment, and strengthen ties between Washington and Taipei amid rising tensions with China. Under the deal,
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US: Trump calls USMCA ‘irrelevant’ to national interests
US President Donald Trump said Tuesday that the U.S.-Mexico-Canada trade pact (USMCA) “is irrelevant” for the US, claiming it mainly benefits Canada, which “needs it.” He used the remarks to push for reshoring manufacturing to the United
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US: Treasury, IRS clarify permanent 100% additional first-year depreciation under OBBB
The US Internal Revenue Service (IRS) and the Department of the Treasury announced on 14 January 2026 the issuance of Notice 2026-11 offering guidance on the permanent 100% additional first-year depreciation deduction for eligible property acquired
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US: Trump delays critical minerals tariffs, opts for overseas sourcing
President Donald Trump has decided not to impose tariffs on rare earths, lithium, and other critical minerals for now, opting instead to pursue overseas supply arrangements. He has instructed US Trade Representative Jamieson Greer and Commerce
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US: Trump imposes 25% tariff on AI chips imports
US President Donald Trump has announced a new 25% tariff on selected high-performance artificial intelligence chips, including Nvidia’s H200 processor and AMD’s MI325X, under a national security proclamation issued by the White House on 14
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