The trajectory on tariffs took a turn Monday morning after President Trump confirmed that talks with Mexico's President Claudia Sheinbaum have resulted in a one-month delay of US tariffs against Mexico. Talks with Canadian PM Justin Trudeau are ongoing. Karl Russo and Scott McCandless talk through next steps for companies after this pivot. 

IN THIS EPISODE
Scott McCandless, Principal, PwC’s Tax Policy Services Practice
Karl Russo, PwC’s National Economics and Statistics Practice Leader
Sindhu Blume, Host, Policy on Demand

HAPPENING THIS WEEK
February 6: Senate Finance Committee hearing on the nomination of Jamieson Greer to be United States Trade Representative.
February 6: House Ways and Means Work and Welfare Subcommittee hearing on fraud in the unemployment insurance program.
February 7: IRS hearing on proposed regulations relating to organizations making Section 761(a) partnership election under new rules intended to accommodate organizations making Section 6417 elective pay elections

IN CASE YOU MISSED IT

Trump Administration announces steep tariffs on Canada, Mexico, and China (2/3/25)

Policy on Demand: Week in Review with Mark Prater (01/31/25)

What's next for IRA energy credits? (01/31/25)

Sorting through EO implications as filing season kicks off (01/27/25)

2025 Tax Policy Outlook: A year for action (01/16/25)

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