EY Cross-Border Taxation Spotlight for Week ending 26 December 2025

A review of the week's major US international tax-related news. In this edition:

US Congress recesses until January – Bipartisan House discussion draft on taxation of digital assets released – US imposes phased-in tariffs on China's semiconductors, related products – USTR modifies tariff agreement with Switzerland – US Supreme Court opinion on President's tariff authority expected.