U.S. Tariffs Are Changing the Game — Is Your Tax Strategy Ready?

On 2 April 2025, the U.S. announced a sweeping shift in trade policy— “reciprocal tariffs”, including a baseline 10% tariff on imports, with certain goods subject to even higher rates.

This policy change is expected to have substantial ripple effects globally, especially in Asia’s trade-dependent economies like Singapore and Malaysia, reshaping the trade flows, supply chain arrangements and cross-border operations.

In this evolving landscape, businesses must remain agile, not just in their operations but also in their financial and tax strategies. The changing trade dynamics present both challenges and opportunities, prompting a need to reassess both indirect and direct tax considerations.

In this edition of our newsletter, we explore how businesses in Asia can respond proactively to these developments:

• Indirect tax considerations: Adapting to changing trade flows
• Direct tax considerations: Rethinking cross-border transfer pricing
• Proactive tax planning: Building long-term resilience

We are here to support you through these changes with tailored solutions to optimise both indirect and direct tax strategies.

You can CONTACT US and let us help you navigate these changes and turn challenges into growth opportunities.