Diana Shaw of Wiley Rein LLP discusses the reduction in workforce at the IRS as detailed in a report by the Treasury Inspector General for Tax Administration and the risks that may arise during a time of uncertainty around global trade and tariffs.

President Donald Trump announced a 35% tariff on Canadian imports, starting Aug. 1, the latest letter to a trade partner that threatens high rates.

While tariffs continue to dominate headlines, they represent a fraction of the policy changes impacting businesses.

The IMF said on Thursday it was closely monitoring the latest U.S. tariffs announcements, saying uncertainty about the global economic outlook remained high and urged countries to work constructively to facilitate a stable trade environment.

The enduring tariffs from President Trump's administration continue to shape global trade dynamics, affecting both the US and the European Union. Despite legal challenges and market uncertainties, these tariffs remain in place,

New Forbes Research finds that 94% of small business owners are confident their business will succeed, despite concerns about inflation, tariffs and changing tax codes.

President Trump plans to impose a 50 percent tax on copper imports in an effort to boost U.S. production. The tariff takes effect next month on top of existing 50 percent tariffs on steel and aluminum.