“On average, auto parts cross the border six times before final assembly. In a trade war, that’s a huge vulnerability,” said Canadian Prime Minister Mark Carney.
Because bananas are a low-profit margin food and cannot be grown in the U.S., the proposed fees would quickly — and noticeably — increase grocery store prices.
Uncertainty around the amount and timing of new tariffs announced by the Trump administration places procurement and supply chain functions in a challenging position.
The Trump administration added 54 companies and organizations from China, as well as more than two dozen from Iran, Pakistan, South Africa, the United Arab Emirates and Taiwan.
As governments worldwide ramp up regulatory oversight with advanced digital systems, VAT compliance has transformed from a routine obligation into a strategic priority.