Trump’s tariffs have upended the international trade rules in multiple ways. The complex compliance challenges arising from these tariffs include unpredictable rate changes, stricter country of origin requirements, and dual taxation within the US. In an interview with ET Online, Dulles Krishnan, VP, Go-To-Market - India, Avalara, a leading provider of automated software solutions for tax compliance, advises businesses to proactively conduct compliance audits, seek expert counsel, diversify markets, and invest in tax automation tools. He highlights the importance of building a “compliance-first” US trade strategy and potentially adjusting pricing and product strategies to maintain competitiveness. Edited excerpts:
