Tag

Trade Policy

All articles tagged with #trade policy

politics20 hours ago•6 min saved

Trade court weighs Trump's 10% replacement tariffs under an old law

A three-judge panel at the U.S. Court of International Trade is weighing whether President Trump properly invoked the 1974 Trade Act to reimpose a 10% global tariff, a measure limited to 150 days and intended as a bridge after the Supreme Court struck down broader tariffs. The hearing highlighted uncertainties about applying a 1970s-era provision to today’s economy, with DOJ defending the authority and opponents arguing the statute is obsolete and may require clearer congressional authorization. A ruling could shape Trump’s tariff strategy and the broader trajectory of U.S. trade policy.

via Politico|

#balance-of-payments #court-of-international-trade #politics

politics1 day ago•7 min saved

White House splits on path to 50% Iran-tariffs plan

White House advisers clash over how to implement a threatened 50% tariff on countries that supply weapons to Iran, with Kevin Hassett arguing IEEPA emergency powers could justify action in a state of conflict while Jamieson Greer cautions IEEPA cannot authorize peacetime tariffs and other tools would be needed; the Supreme Court previously limited IEEPA’s tariff authority, leaving the plan legally uncertain and likely to face court challenges as the administration pursues other tariff powers.

via Politico|

#ieepa #politics #supreme-court

economy20 days ago•1 min saved

Trump’s Tariffs Backfire, Redrawing Winners and Losers in U.S. Trade

Tariffs introduced under Trump’s 2025 policy were meant to punish China and boost American competitiveness but ended up shielding foreign competitors and harming many U.S. firms, especially small businesses, with broad, far-reaching unintended consequences that policymakers have yet to fully reckon with.

via Project Syndicate|

#economy #small-business #tariffs

economy22 days ago•18 min saved

Iran conflict pushes oil prices higher, tightening belts for small U.S. businesses

Tariffs are rippling through U.S. supply chains even before the Iran conflict, as fears of higher oil and energy costs push prices up. Small businesses across cities like Minneapolis, Atlanta and Chicago are bracing for steeper fuel bills and squeezed margins, raising concerns about margins, cash flow and daily operating costs amid global tensions and policy shifts.

via The Washington Post|

#economy #oil-and-gas-industry #sanctions-and-embargoes

politics26 days ago•2 min saved

Trump asserts 'absolute right' to tariff power despite Supreme Court ruling

After the Supreme Court ruled that many of his tariffs lacked legal justification, Trump claimed on Truth Social that he has the 'absolute right' to impose tariffs in another form and has begun pursuing a new wave of duties to replace the repealed ones, as the administration moves to reshape its trade agenda and pursue new investigations to justify permanent duties, while also signaling readiness for talks with Mexico, Canada under USMCA and a possible meeting with China.

via The Guardian|

#china #politics #supreme-court

business29 days ago•5 min saved

Trump widens Section 301 probes to pressure partners and revive tariffs

The U.S. is launching 16 new Section 301 investigations into partners including China, the EU, and others to scrutinize perceived unfair practices and potential duties, after a Supreme Court ruling blocked earlier reciprocal tariffs; the probes could lead to new tariffs or other concessions, with public hearings starting May 5 as Washington seeks leverage to reindustrialize and reshape supply chains.

via CNBC|

#business #global-trade #section-301

business1 month ago•7 min saved

Tariff Refunds Face a Lengthy, Uncertain Path After Supreme Court Ruling

After the Supreme Court struck down the emergency tariffs, refunds totaling about $166 billion could require up to 4,431,161 hours of manual processing, though CBP upgrades may speed payouts by mid-April; with no firm timeline, Trump opposes refunds and courts are pushing for timely action while interest on the money continues to accrue.

via The New York Times|

#business #cbp #court

business1 month ago•3 min saved

Trump opens new trade probes, teeing up further tariffs

The Trump administration has launched Section 301 investigations into excess manufacturing capacity and forced-labor practices, signaling new tariffs on multiple trading partners (including China, the EU, Mexico, Japan and India) and aiming to resolve them before the July expiration of the 10% global tariff. A separate probe into forced-labor policies begins the next day, as the White House relies on legally tested powers to advance its trade agenda.

via Axios|

#business #forced-labor #section-301

business1 month ago•4 min saved

US Opens Fresh Trade Probes to Rebuild Tariffs After Court Ruling

The Trump administration plans to announce new Section 301 investigations into foreign practices it says unfair, led by the U.S. Trade Representative, with the aim of reviving tariffs struck down by the Supreme Court. The probes will examine issues such as excess capacity, forced labor, and digital services taxes, and will require consultations with foreign governments before any tariffs could be imposed, potentially affecting multiple countries.

via The New York Times|

#business #excess-capacity #section-301

policy1 month ago•7 min saved

Coalition of 24 States Moves to Block Trump's Global 10% Tariff

A coalition of 24 Democratic state attorneys general and governors filed suit in the U.S. Court of International Trade to block President Trump's new 10% global tariff for 150 days, arguing it is unconstitutional and violates the law; they seek an injunction and refunds, building on the Supreme Court’s ruling that Trump exceeded authority under the IEEPA and highlighting questions about Section 122 and exemptions.

via Politico|

#lawsuit #policy #state-attorneys-general

business1 month ago•14 min saved

Judge orders tariff refunds after Supreme Court overturns Trump-era tariffs

A U.S. judge ruled that companies are eligible to receive refunds of tariffs imposed during the Trump administration after the Supreme Court overturned those tariffs, a decision that could unlock billions in claims as importers seek repayment.

via AP News|

#business #importers #refunds

business1 month ago•4 min saved

Court move clears path for massive US tariff refunds after Supreme Court ruling

A US appeals court fast-tracked the refunds dispute after the Supreme Court ruled IEEPA cannot authorize Trump-era tariffs, potentially forcing the Treasury to refund roughly $130-175 billion (€110-150b) to importers; thousands have filed suits and the Court of International Trade must establish a framework for what could become the largest tariff-refund operation in US history, with refunds not paid to EU firms but providing indirect relief to EU exporters; the process is likely to be lengthy and costly, possibly taking years and incurring interest costs, and the administration briefly imposed a new 10% tariff under Section 122 afterward.

via Euronews.com|

#business #ieepa #refunds

world1 month ago•1 min saved

Europe Strives for Autonomy From China and the U.S., Yet Its Firms Stay Entwined With China

German Chancellor Friedrich Merz calls for Europe to reduce reliance on China and the United States, but German business leaders remain eager to access the Chinese market, highlighting a gap between political aims for strategic autonomy and corporate interests in China.

via The New York Times|

#business #china #europe

business1 month ago•14 min saved

FedEx Joins Refund Push as Trump-Era Tariffs Are Ruled Illegal

FedEx, along with other U.S. companies, is seeking refunds from the government after a ruling that the Trump-era tariffs were illegal.

via AP News|

#business #fedex #refunds

world1 month ago•6 min saved

Tariff upheaval leaves businesses and shoppers facing uncertainty

Following a Supreme Court ruling that blocked reciprocal tariffs, Trump invoked Section 122 of the Trade Act to impose a new 10% global tariff, later hinted to rise to 15%, creating widespread uncertainty for businesses and consumers as existing trade deals may be overridden, refunds for past levies remain unclear, and higher import costs could push prices higher, with UK exporters potentially facing billions in extra costs and firms considering diversification away from the US.

via BBC|

#section-122 #tariffs #trade-policy