U.S. Escalates Brazil Trade Dispute While Exempting Coffee, Beef and Other Key Products
The Trump administration has announced a new 25% tariff on a wide range of Brazilian imports, marking a significant escalation in the trade dispute between the two largest economies in the Americas. The duties are scheduled to take effect on July 22 and are being imposed under Section 301 of the Trade Act of 1974, […]
U.S. Coffee Industry Urges Trump to Keep Brazilian Beans Exempt From New Tariffs
The U.S. coffee industry is asking the Trump administration to preserve tariff exemptions for Brazilian green coffee and expand them to include instant coffee, warning that new duties could raise prices for consumers and damage American manufacturers. The National Coffee Association made the request during a public consultation examining possible tariffs on Brazilian imports under […]
First Refunds From Trump Tariffs Expected in May as Importers Wait for Billions in Repayments
The U.S. government says the first refunds tied to President Donald Trump’s overturned tariffs are expected to begin going out around May 11, marking the next major step in unwinding one of the most disruptive trade policies of his administration. The update came from U.S. Customs and Border Protection, which is overseeing the process of […]
U.S. Companies Flood New Refund System After Court Orders Return of Illegally Collected Tariffs
A new federal refund system has gone live to let U.S. companies recover money paid under tariffs that were later ruled illegal, triggering a rush of claims from importers eager to reclaim billions of dollars. The portal was launched by U.S. Customs and Border Protection after a court order required the government to prepare to […]
Supreme Court Blocks Trump’s Sweeping “Emergency” Tariffs, Forcing a Fast Pivot to a New Global Levy
The U.S. Supreme Court dealt Donald Trump a major defeat on tariffs, ruling that he did not have authority to unilaterally impose sweeping global import duties by declaring a national emergency. The ruling struck at a core pillar of Trump’s economic strategy, immediately upended the leverage his administration had used for months to pressure other […]
House Votes to Roll Back Trump’s Canada Tariffs in a Rare Bipartisan Break With the White House
In a rare show of defiance toward Donald Trump, the U.S. House of Representatives voted 219–211 to approve a resolution aimed at ending tariffs the president imposed on Canada. The measure would terminate the national emergency Trump invoked to justify punitive duties on Canadian goods, sending the resolution to the United States Senate. While the […]
Honda Profit Drops 42% as Tariffs and Slower EV Demand Weigh on Results
Honda said Tuesday that its earnings weakened sharply in the first nine months of its fiscal year, citing pressure from U.S. trade measures and a more difficult outlook for electric vehicles, especially in the American market. The Tokyo-based automaker reported that profit for the nine months through December fell 42% from the same period a […]
Trump’s global tariffs to face challenge before Supreme Court
The US Supreme Court is set to hear arguments Wednesday on the legality of Donald Trump’s unprecedented use of powers for sweeping global tariffs in a case striking at the heart of the president’s economic agenda. Since returning to the White House, Trump has invoked emergency economic powers to impose “reciprocal” tariffs over trade practices […]
Trump tariffs on timber, furniture take effect
US President Donald Trump’s fresh tariffs on imported wood, furniture and kitchen cabinets took effect Tuesday, a development likely to fuel building costs and pile pressure on homebuyers in an already challenging market. The duties were imposed to boost US industries and protect national security, according to the White House, and they broaden a slate […]
Trump’s tariffs drown Brazil’s fish industry
When the water pump is switched on, hundreds of tilapia come to the surface of a pond at a Brazilian fish farm. Their final destination is now uncertain because of US President Donald Trump’s stiff tariffs. Fish are one of the Brazilian products subject to a whopping 50 percent levy imposed by Washington a week […]
