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The United States Court of International Trade on May 7 delivered another setback to Donald Trump’s tariff strategy, striking down the 10% global duties imposed under Section 122 of the Trade Act of 1974. The 10% tariffs were imposed by the Trump administration after the US Supreme Court blocked the “Liberation Day tariffs”, which had…
A US federal trade court has ruled against President Donald Trump’s latest 10% global tariffs, delivering a legal setback to one of his key trade policy measures and raising questions over the administration’s authority to impose broad import duties without Congress.The ruling by the US Court of International Trade came in a 2–1 decision on…
US president Donald Trump has agreed to remove tariffs on British whisky exports to the United States, a move announced at the end of the state visit by King Charles III and Queen Camilla.The decision follows months of efforts by UK ministers to secure relief from the 10 per cent levy imposed last year, which…
Representative image (AI-generated) US President Donald Trump on Thursday announced that he would remove tariffs and restrictions on whiskey linked to trade between Scotland and the US state of Kentucky.In a post on Truth Social he wrote, “In Honor of the King and Queen of the United Kingdom, who have just left the White House,…
India-New Zealand FTA: The India-New Zealand trade deal or Free Trade Agreement signed on Monday has been called a ‘once-in-a-generation’ trade pact. For one, it gives Indian exporters duty-free or zero duty access to all exports. The implementation of the trade deal is now contingent on New Zealand Parliament’s approval, and in the case of…
To receive repayments, importers in the US are required to submit claims which include shipment details, applicable tariff classifications. (AI image) The US government has rolled out a system to facilitate refunds of over $166 billion from tariffs introduced by Donald Trump and later invalidated by the US Supreme Court. In February, the court struck…
The US government launched a portal Monday to refund more than $166 billion in revenue from tariffs imposed by President Donald Trump and struck down by the Supreme Court.In February, the conservative-majority high court ruled against a swath of Trump’s tariffs. The decision marked a stinging rebuke of his key economic policy and opened the…
Soon after the US Supreme Court verdict, Trump announced a 10% universal tariff. (AI image) Will Donald Trump administration’s high reciprocal tariffs come back to haunt global economies? Treasury Secretary Scott Bessent on Tuesday indicated that Trump’s tariff measures could be reinstated by July, potentially returning to the levels that existed before the Supreme Court…
India will continue to retain its tag of being the world’s fastest growing major economy over the next two years as well. (AI image) In a boost for India, the International Monetary Fund (IMF) has raised the country’s GDP growth forecast for the next two fiscal years despite the ongoing Middle East conflict. IMF has…
Donald Trump (File photo) Soon after the two-week fragile ceasefire was agreed upon by US And Iran, Donald Trump struck a forceful tone, claiming a “productive regime change” in Tehran while outlining plans for close US-Iran coordination on dismantling nuclear capabilities, alongside the prospect of sanctions and tariff relief.The United States will work closely with…
