Section 1. Background. In Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States ...

On July 31, 2025, President Trump signed an Executive Order (“E.O.”) modifying reciprocal tariffs that became effective on August 7, 2025. Some aspects of the impact are well understood such as ...

Accrual accounting is one of the primary accounting methods and is based on the matching principle, which dictates that revenues and their associated expenses be recorded in the same accounting period ...

In Rev. Proc. 2025-23, the IRS on Monday provided a comprehensive, updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently ...

Learn what inventory accounting is, how it works, and key methods like FIFO, LIFO, and WAC. Includes real-world examples, tips, and best practices. I like to think of inventory accounting like ...

The U.S. and China issued a joint statement on Monday. The U.S. and China issued a joint statement on Monday announcing an agreement to cut reciprocal tariffs for 90 days, with both sides "recognizing ...

The U.S. and China issued a joint statement on Monday announcing an agreement to cut reciprocal tariffs for 90 days, with both sides "recognizing the importance of a sustainable, long-term, and ...

President Donald Trump said Wednesday that reciprocal tariffs could be re-imposed within weeks. "We have been ripped off by every country in the world practically. And friend and foe," Trump said ...

OUR GET THE FACTS TEAM HAS A CLOSER LOOK. THESE PROPOSED RECIPROCAL TARIFFS HAVE BEEN GETTING A LOT OF ATTENTION LATELY, BUT OUR PARTNERS AT POLITIFACT SAY THEY AREN’T ACTUALLY RECIPROCAL. A WEEK ...

President Donald Trump said Wednesday he is pausing and lowering reciprocal tariffs on more than 75 countries that have called for trade negotiations and will raise tariffs on goods imports from China ...

A core element of the protectionist trade policies President Trump announced last week — an import tax blitz on long-standing global trade partners he referred to as "Liberation Day" — are so-called ...