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trade

New lawsuit seeks to challenge Trump's newest tariffs

(The Center Square) – A nonprofit law firm that helped overturn President Donald Trump's tariffs under a 1977 law filed a new challenge Monday seeking to invalidate the president's newest tariff regime under a new law. After the U.S. Supreme Court ruled his tariffs illegal last

Judge tells Trump that 'clock is ticking' on costly tariff refunds

(The Center Square) – A judge gave the Trump administration time to build a system to streamline tariff refunds, but pointed out that the "clock is ticking" and U.S. taxpayers will pay the cost of delays. Customs and Border Protection requested 45 days to develop a system for

Middle East war a new shock for financial markets

Middle East war a new shock for financial markets

The outbreak of war in the Middle East has sent shockwaves through financial markets, with energy prices soaring and stocks sliding, just a year after US President Donald Trump's tariff onslaught rattled investors. "We're in a situation that's not under control and yet,

‘Baked in’: The Supreme Court nixed many of Trump’s tariffs, but don’t expect prices to come down

‘Baked in’: The Supreme Court nixed many of Trump’s tariffs, but don’t expect prices to come down

The U.S. Supreme Court invalidated many of President Donald Trump’s tariffs last month, and a trade court ruled March 4 that companies and importers who paid those import duties are due an estimated $130 billion in refunds from the federal government. But don’t expect prices to come

Trump's newest tariff program won't raise nearly as much money

(The Center Square) – President Donald Trump's newest tariffs, which already face a legal challenge in court, could increase deficits by $1.6 billion over the next decade, if they survive court scrutiny. The latest developments mark a pivotal moment for Trump’s trade agenda, as his administration’s

Brazil ratifies EU-Mercosur trade deal

Brazil ratifies EU-Mercosur trade deal

Brazil's Senate on Wednesday ratified a deal between the Mercosur bloc and the European Union that creates one of the world's largest free trade areas. The deal involves the four founding members of the South American trade bloc, and has already been ratified by Argentina and

Bessent says Trump's 15% global tariff coming his week

(The Center Square) – Higher tariffs are on the way. Treasury Secretary Scott Bessent said Wednesday that President Donald Trump plans to rebuild his tariff wall within five months using alternative laws. "It's my strong belief that the tariff rates will be back to their old rate within