US President Donald Trump said on Thursday, 8 May 2025, that he expects the US 145% tariffs on China to be reduced if trade negotiations between the two nations this weekend goes well. The Trump administration stated that the US has been working

The European Union is considering imposing EUR 95 billion (USD 108 billion) in tariffs on US exports if no progress is made during trade talks with the Trump administration. The proposed retaliatory measures mainly target industrial goods like

Turkiye has raised the foreign exchange (FX) conversion support rate for companies converting foreign currency into Turkish lira (TRY) from 2% to 3%. This change, effective from 1 May to 31 July 2025. This update is outlined in Communiqué No.

Montana Governor Greg Gianforte has signed a bill (HB 337) on 28 April 2025 that cuts the top income tax rate and expands relief for working families. Personal income tax (PIT)  Starting in 2026, Montana's top income tax rate will drop from

The New Jersey Division of Taxation is launching a two-year pilot mediation program on 1 October 2025. The Pilot is set to run for 24 months from 1 October 2025 to 30 September 2027. The program is open to all business entities involved in

The Trump administration ended duty-free access for low-value shipments from China and Hong Kong entering the US on Friday, 2 May 2025. This followed after President Donald Trump signed an executive order on 2 May 2025, which ended “de