US: USTR plans broad Section 301 trade investigations after Supreme Court ruling
US Trade Representative (USTR) Jamieson Greer announced, on 20 February 2026, plans to launch multiple investigations under Section 301 trade provisions targeting most major trading partners, following the Supreme Court's decision to strike down
See More
US: Supreme Court invalidates emergency tariffs, Trump raises global tariffs to 15% following ruling
The US Supreme Court ruled 6-3 on 20 February 2026 in Learning Resources v. Trump that President Donald Trump exceeded his authority by imposing sweeping global tariffs under the International Emergency Economic Powers Act of 1977 (IEEPA). Chief
See More
Indonesia secures 19% tariff deal with US
Indonesia and the US have finalised a trade agreement on 19 February 2026 that reduces US tariffs on Indonesian goods from 32% to 19%, with key exemptions secured for Indonesia's major exports. The deal was signed in Washington by Indonesia's
See MoreUS: FinCEN exempts financial institutions from repeatedly verifying beneficial owners
The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order granting exceptive relief to covered financial institutions from certain requirements under FinCEN’s Customer Due Diligence Requirements for
See MoreUS releases further interim guidance on corporate alternative minimum tax implementation
The Internal Revenue Service (IRS) released Notice 2026-7 on 18 February 2026, setting out further interim guidance on the application of the Corporate Alternative Minimum Tax. The notice is scheduled for publication in the Internal Revenue Bulletin
See MoreUS, North Macedonia reach framework for reciprocal trade deal
The Trump Administration released a Joint Statement on 12 February 2026 outlining a framework for a US-North Macedonia trade agreement that establishes a 15% tariff rate on North Macedonian goods, with the possibility of zero tariffs on select
See MoreUS, Taiwan sign reciprocal trade agreement
The Office of the US Trade Representative (USTR) announced, on 12 February 2026, that the Trump administration finalised a reciprocal trade agreement with Taiwan. The Trump Administration also released a fact sheet on the agreement. The
See More
WTO: Meeting of Ministers to Discuss Reform
On 11 February 2026 the director-general of the World Trade Organization (WTO) indicated that the WTO ministerial meeting in Cameroon in March 2026 will aim to make progress in reforming the organisation. The director-general has emphasised that the
See More
J5 warns OTC crypto desks and processors enable tax evasion, money laundering
The Joint Chiefs of Global Tax Enforcement (J5) published two law enforcement advisories on 11 February 2026 that detail how over-the-counter (OTC) cryptocurrency trading desks and cryptocurrency payment processors may be used to obfuscate and move
See MoreUS issues new tax rules to limit Chinese clean energy components
The US Treasury Department released interim guidelines on 12 February 2026 addressing how companies can qualify for clean energy tax credits while restricting reliance on Chinese-made equipment under President Donald Trump's tax legislation. The
See More
US: IRS new clarification on energy tax credits linked to prohibited foreign assistance under federal law under OBBB
The Department of the Treasury and the Internal Revenue Service (IRS) announced on 12 February 2026 that it is providing guidance for determining whether electricity-producing qualified facilities, energy storage technologies, or eligible components
See MoreUS: IRS introduces upgrades to tax pro account for professional firms
The Internal Revenue Service announced on 9 February 2026 a new expansion of Tax Pro Account, introducing business-level digital capabilities for tax professionals who work in tax-preparation companies, accounting firms, or other
See MoreUS: NYC Mayor proposes tax increases to address budget deficit
New York City Mayor Zohran Mamdani proposed raising taxes on high earners and corporations on Wednesday, 12 February 2026, during testimony at the State Senate's budget hearing. The Democratic mayor reported that the city has narrowed its budget
See More
US, Bangladesh agree on new trade deal
The US and Bangladesh have agreed to an Agreement on Reciprocal Trade (Agreement) to enhance their bilateral economic relationship. The deal builds on the longstanding US-Bangladesh Trade and Investment Cooperation Forum Agreement (TICFA) of
See MoreUS removes 25% tariff on Indian imports under new executive order
The US has removed the 25% additional tariff on goods imported from India after President Donald Trump signed an executive order, “Modifying Duties to Address Threats to the US by the Government of the Russian Federation”. The order took effect
See MoreUS imposes tariffs on countries trading with Iran
US President Donald Trump signed an executive order, "Addressing Threats to the United States by the Government of Iran,” on 6 February, which imposes additional tariffs on imports from countries that trade with Iran, building upon decades of US
See MoreBangladesh to sign reciprocal tariff deal with US, easing garment exports
Bangladesh is scheduled to finalise a reciprocal tariff deal with the US on 8 February 2026 in Washington, intended to reduce trade imbalances and ensure ongoing access for Bangladeshi exports to the US market. The deal aims to address a trade
See More
Vietnam to expand US imports of machinery, high-tech products, energy resources
Vietnam has signalled plans to increase imports from the US, focusing on machinery, high-technology products, and energy resources, as the two countries conduct the sixth round of negotiations on the Vietnam–US Fair and Balanced Reciprocal Trade
See More