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Businesses brace for new tax challenges amid global tariff focus

  • U.S. Customs and Border Protection announced two trade enforcement wins under the Enforce and Protect Act aimed at stopping evasion schemes.
  • CBP discovered over $400 million in unpaid trade duties through EAPA investigations since the start of Trump's second term.
  • New tariffs generated $58.5 billion in revenue from January to June 2025.
  • Businesses are reassessing classifications to ensure compliance with high import duties amid focus on Trump's tariffs.
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U.S. companies and their partners around the world are seeking to ensure they comply with the highest import tariffs in decades amid a global focus on President Donald Trump's series of tariffs.

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Businesses brace for new tax challenges amid global tariff focus

(The Center Square) – U.S. businesses and their partners across the globe are looking to make sure they comply with the highest import duties in decades amid a worldwide focus on President Donald Trump's slate of tariffs.

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Volkswagen, through its subsidiary PowerCo, has announced the start of an ambitious recruitment campaign for its future battery plant for electric vehicles in St. Thomas, Canada. Initial production is planned for 2027 and, according to the company, it seeks to incorporate hundreds of professionals in areas such as chemistry, information technology, engineering and sustainability. The selection process will be expanded in the coming months, with …

·Spain
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abc broke the news in Spain on Sunday, August 17, 2025.
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