Tariffs Resurface

Jul 10, 2025

Tariffs Developments

Tariffs developments are re-surfacing with a new trade deal deadline (August 1, 2025), increased rates for certain countries, additional industries to be impacted, and added uncertainty.

Here are some recent announcements, where the appeals case stands — plus a previous look at levers to optimize your supply chain.

New Industries to be Impacted

The President announced today that long-awaited tariffs are soon to come for pharmaceuticals and semiconductors.

No details have been released yet on what the scope and rate will be, and when they will be imposed, other than there will be a grace period for adoption.

U.S. International Court Case is in Appeals

Tariffs are still in effect as the Federal Circuit granted a stay on the lower court’s injunction.

Oral arguments are set for July 31, 2025 — and it’s an en banc hearing, meaning all judges will weigh in.

The case questions whether the president can impose tariffs under the IEEPA. Read our previous article the case for more details.

Global Trade: Supply Chain Transformation = Optimization

This earlier article addresses one of the many levers to consider in evaluating your long-term supply chain strategy.

How We Can Help

Supply Chain Strategy with a Tax Advantage

In today’s volatile global environment, supply chains must do more than deliver—they must adapt, scale, and protect the business.

We work with mid-sized companies to:

Assess current supply chain structure
Identify potential operational inefficiencies and growth barriers
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Evaluate supply chain business decisions with tax-efficient business models

We bring a rare combination of strategic tax expertise and hands-on supply chain transformation experience from working with large multinational enterprises.

We integrate tax planning into operational and business decisions to optimize outcomes. Big-league insights, right-sized for your business.

For more information, contact us.

Disclaimer

The contents of this insight are intended for general information only. illumina CPA Group, Inc. is not, by means of this communication, rendering professional advice or services. Before making any decisions or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.