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After a whirlwind week that began with the announced ‘reciprocal tariffs’ on April 2nd, a Truth Social post on Wednesday announced the executive order that lowered tariffs for 75 countries, outside of China. President Trump declared many countries are coming to the table to offer concessions, lower tariff levels for US imports, and reducing non-trade barriers. He acknowledged that bond prices selling off along with Jamie Dimon, CEO of JPMorgan, speaking on a potential negative economic shock on Fox Business led to a change in the policy.

Creating well-paying jobs in the US should be the goal of any policy maker. Protecting industries such as defense are critical for all nations. The problem is that using tariffs as a blunt tool to achieve these objectives may have unintended consequences.

For the last 50 years, the US tariff rate has been under 5%. As of April, for the first time in over 100 years, the estimated tariff rate is above 30%.

Executive compensation plans often include awards and grants of company stock.

Imagine that great news comes from a client – the business is finally selling. The bad news – they have to pay taxes.