Key Points
A presidential proclamation issued August 13, 2026, imposes Section 232 tariffs of 100% on high-risk UAS and docking stations, and 25% on consumer and commercial drones under 25 kg, effective September 3, 2026.
Reduced tariff caps of 15% (EU, Japan, South Korea, Taiwan, Switzerland, Liechtenstein) and 10% (UK) apply only where importers certify that “substantially all” critical components originate from qualifying countries — a standard Commerce has not yet defined.
The Proclamation’s onshoring program allows companies that...
IPTI’s usual monthly newsletter – the “President’s Message” – contains, inter alia, some summarised news articles from around the world. This IPTI publication – “Property Tax in the News” – contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles – from North America, Europe and around the globe – can be found in...
In this week’s Roar: Asia–U.S. East Coast box rates, jumping the queue at the Panama Canal, port congestion across Asia, falling air cargo demand in Europe, and AI’s role in overcoming supply chain hurdles.
A geopolitical perfect storm of sorts has led Asia–U.S. East Coast box rates to a new high for the year, while pushing West Coast rates up 11% since the start of the month. Despite the perceived state of the economy, not to mention geopolitical volatility and the ongoing instability...
The Trump administration has prioritized immigration policy, with new developments emerging on an almost weekly basis. From changes affecting visa processing and adjustment of status to increased vetting, enforcement initiatives, employment authorization, humanitarian programs, and agency adjudication standards, employers and foreign nationals are navigating a rapidly shifting immigration landscape.
This represents a departure from the approach adopted in 2021, under which USCIS officers were generally instructed to issue an RFE or NOID when additional evidence could potentially establish eligibility. Under...
The Bureau of Industry and Security (“BIS”) has published a temporary final rule to restrict the export of black mass and tungsten waste and scrap without a license. The agency defines black mass as shredded lithium-ion battery scrap that contains cathode material, anode material or other “residual battery cell materials.” The BIS will restrict export of these critical minerals to address an “inadequate supply” of those items, which threatens national defense and security.
Beginning on August 27, 2026, U.S. persons engaged in...
New York, NY — August 13, 2026 — Grassi, a leading employee-owned advisory, tax and accounting firm, announced today that Hoffman Mulligan has joined the firm, strengthening its high-net-worth and tax practice capabilities and expanding its presence in New York City.
Effective August 1, the Hoffman Mulligan team, including partners Don Hoffman and Janet Mulligan, along with 20 professionals, has relocated to Grassi’s New York City headquarters at 360 Madison Avenue, 7th Floor, New York, NY. This integration enhances Grassi’s ability to serve high-net-worth individuals...