https://www.taxtmi.com/news?id=39686 Presidentially announced sweeping tariff policy imposes a baseline import duty with higher targeted rates for certain jurisdictions, shifting trade regulation from a negotiation tool to a potentially sustained restrictive regime. The measure raises compliance obligations for customs valuation, classification and country of origin determinations, while generating inflationary pressure, upward consumer prices, and risks to growth that may constrain monetary policy responses. Businesses should reassess sourcing, contracts, inventory, and customs compliance, pursue available administrative reviews or exemptions, and plan for supply chain and market volatility impacts. en-us Fri, 04 Apr 2025 01:46:07 +0530 Fri, 04 Apr 2025 01:46:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39686 Presidentially announced sweeping tariff policy imposes a baseline import duty with higher targeted rates for certain jurisdictions, shifting trade regulation from a negotiation tool to a potentially sustained restrictive regime. The measure raises compliance obligations for customs valuation, classification and country of origin determinations, while generating inflationary pressure, upward consumer prices, and risks to growth that may constrain monetary policy responses. Businesses should reassess sourcing, contracts, inventory, and customs compliance, pursue available administrative reviews or exemptions, and plan for supply chain and market volatility impacts. News - Fri, 04 Apr 2025 01:46:07 +0530 https://www.taxtmi.com/news?id=39686