Trade Compliance

UK Sanctions List Search Tool

The UK government has launched a search tool for its Sanctions List, which details designated individuals, entities, and ships subject to UK sanctions. This tool aims to assist users in identifying sanctioned parties and understanding their obligations.

Canada Updates List of U.S. Products Subject to Counter Tariffs

The Government of Canada has updated its list of U.S. products subject to counter tariffs, effective September 1, 2025. Most counter tariffs have been removed, except for those on steel, aluminum, and autos, as negotiations with the U.S. continue.

Canada Launches Measures to Protect Strategic Industries

Prime Minister Mark Carney announced new measures to protect Canadian strategic industries impacted by U.S. trade disruptions. Key initiatives include a $5 billion Strategic Response Fund, a new Buy Canadian Policy, and support for workers and specific sectors like agriculture.

Government Support for Canadian Workers and Employers Impacted by Tariffs

The Government of Canada has announced a plan to support workers and employers impacted by tariffs. The initiative outlines available resources for employment insurance, skills training, and educational financial aid for individuals, as well as resources for employers to manage and strengthen their workforce.

Canada Amends and Repeals US Surtax Orders

The Governor General in Council of Canada has amended and repealed certain orders related to the United States Surtax under the Customs Tariff. These changes modify the application and scope of surtaxes on goods originating from the United States, impacting specific tariff items.

Prime Minister Statement on Canada-US Trade and US Policy

The Prime Minister of Canada announced that Canada will remove all of its tariffs on U.S. goods specifically covered under the Canada-United States-Mexico Agreement (CUSMA). This action is a response to evolving U.S. trade policies and aims to preserve Canada's trade advantage. The change will take effect on September 1, 2025.

Colorado Tax Proposal on Phantom Income

Colorado's HB26-1221 proposes changes to the state's alternative minimum tax and net operating loss provisions. The Tax Foundation argues these changes would overstate income, leading to double taxation and distorting taxpayer behavior.

Tax Foundation Experts Analyze AI Taxation Impact on Labor Markets

The Tax Foundation released a podcast episode discussing the potential impacts of taxing artificial intelligence on labor markets. Experts analyze current data, critique proposed policies, and suggest alternative reforms like worker retraining deductions.

Delaware Proposes Cigarette and Vapor Tax Increases

Delaware's Governor has proposed significant increases to cigarette, vapor, and other tobacco product taxes. The cigarette tax would rise by over 70%, and vapor product taxes would double, aiming to generate an estimated $18.9 million in new state revenue.

New Mexico SB 151 Decouples from Full Expensing

New Mexico SB 151, passed by the legislature, decouples the state from federal full expensing provisions for machinery and equipment, and includes foreign earnings in the corporate tax base. This change is expected to negatively impact the state's corporate tax environment.