US launches trade investigations against 60 largest trading partners over forced labour practices
The United States Trade Representative (USTR) on 12 March 2026 initiated investigations of 60 economies under Section 301(b) of the Trade Act of 1974. The investigations will determine whether acts, policies, and practices of each of these economies
See MoreUS, Ecuador sign reciprocal trade agreementÂ
The US Trade Representative (USTR) Jamieson Greer and Ecuadorian Minister Luis Alberto Jaramillo signed a reciprocal trade agreement opening Ecuador's market of over 18 million consumers to American agricultural and industrial exports on 13 March
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US: JEC brief outlines economic benefits of border adjustment reforms for American consumers, businesses
The US Joint Economic Committee (JEC) released a brief entitled ‘Border Tax Adjustment Would Curtail Profit Shifting and Provide Other Benefits, With Limited Transition Effects’ on 11 March 2026, which outlines the economic case for moving from
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US: Senate passes bill to block Russia-related tax benefits
The US Senate unanimously approved the Honor Act (S.327) during the week of 9 March 2026. The legislation prevents American companies from claiming foreign tax credits or deductions on taxes paid to Russia. Introduced by Senators Catherine Cortez
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Singapore to engage USTR over Section 301 probe citing disputed trade data
Singapore’s Ministry of Trade and Industry said on Thursday, 12 March 2026, that it will engage with the US Trade Representative (USTR) to clarify data and details of a Section 301 trade investigation targeting excess industrial capacity. The
See MoreUS: IRS updates tax withholding estimator to incorporate new legislative changes
The US Internal Revenue Service (IRS) unveiled enhancements to the IRS Tax Withholding Estimator on 12 March 2026 to reflect changes to credits and deductions under the One, Big, Beautiful Bill, including no tax on tips, no tax on overtime, and
See MoreUS: Treasury issues list of nations obliged to comply with international boycottÂ
The US Department of the Treasury issued a Federal Register notice on 11 March 2026 identifying countries that may mandate participation in international boycotts. The designated nations are Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria,
See MoreUS launches trade investigations to restore tariff leverage after court setback
The Trump administration announced two new trade investigations on 11 March 2026, targeting unfair trade practices and forced labour as it seeks to rebuild tariff pressure following the US Supreme Court's dismantling of Trump's tariff program in
See MoreUS: IRS’ 2026 ‘dirty dozen’ list warns taxpayers of key scam threats
The US Internal Revenue Service (IRS) announced, on 5 March 2026, its annual Dirty Dozen list of tax scams for 2026 that threaten the tax and financial information of taxpayers, businesses, and tax professionals. The Dirty Dozen is part of a
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European Parliament updates analysis on economic impact of US tariffs on the EU
The European Parliament has released an updated briefing on 5 March 2026, examining the economic, financial, and monetary impacts of US tariffs on the EU. This briefing provides an overview of the economic, financial, and monetary implications of
See MoreUS: IRS identifies jurisdictions qualifying for 2025 foreign earned income exclusion relief
The US Internal Revenue Service (IRS) has issued Revenue Procedure 2026-16, scheduled for formal publication in Internal Revenue Bulletin 2026-13 on 23 March 2026 on the IRB website. The guidance addresses the foreign earned income exclusion for
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US, China and other governments urge Ghana to reconsider gold royalty increase
China, the US, and several Western governments are urging Ghana to halt plans to raise gold royalties, sources say. Ghana aims to replace its fixed 5% royalty with a 5–12% sliding scale linked to gold prices, seeking higher revenue from rising
See MoreEU confident US will honour bilateral trade deal despite new tariffs
European Union Trade Commissioner Maros Sefcovic expressed confidence on Thursday, 5 March 2026, that the US will uphold last year's trade agreement between the two partners, citing reassurances from American officials. President Donald Trump's
See MoreUS: Court orders refund of tariffs following Supreme Court ruling
Judge Richard K. Eaton of the United States Court of International Trade issued an order on 4 March 2026, requiring US Customs and Border Protection to refund duties collected under Executive Orders issued through the International Emergency
See MoreUS: IRS publishes updated depreciation tables for passenger vehicles
The US Internal Revenue Service (IRS) has published Revenue Procedure 2026-15, providing the updated 2026 depreciation tables for passenger automobiles. This revenue procedure provides: (1) two tables of limitations on depreciation deductions for
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Germany: Tax Authorities restrict treaty benefits on dividend payments to US parent companies
The German Federal Central Tax Office (Bundeszentralamt für Steuern, BZSt) has recently adopted a restrictive administrative practice concerning withholding tax on dividend distributions paid by German companies (GmbHs) to US parent companies. This
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US: Trump threatens full trade embargo on Spain over Iran strikes
US President Donald Trump threatened to impose a full trade embargo on Spain on 3 March 2026. This escalation follows Spain's refusal to allow the US military to use shared bases for strikes on Iran. At a White House briefing, Trump described
See MoreUS: Appeals Court fast tracks Trump tariff refund case
A US federal appeals court has accelerated the legal process that could determine how over USD 130 billion will be refunded to importers following the Supreme Court's decision to invalidate President Trump's tariffs. On Monday, 2 March 2026, the
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