Businesses Receive $100 Billion Refund From ‘Liberation Day’ Tariffs The Trump administration has returned about $100 billion to U.S. businesses after courts struck down a key part of the “Liberation Day” tariffs. According to a filing by U.S. Customs and Border Protection (CBP) with the U.S. Court of International Trade (CIT), the refunds account for … Read more
Trump may impose Tariffs on Canada for Polluting America President Donald Trump has threatened to impose additional levies on Canadian goods, arguing that smoke from Canada’s widespread wildfires has repeatedly crossed the border and left millions of Americans breathing what he described as “invaded by filthy, polluted, and unhealthy air”. The remarks have opened a … Read more
China Lowers Growth Target to 4.5-5% Amid Economic Pressures China has lowered its annual economic growth target to a range of 4.5% to 5%. This marks the country’s most modest expansion goal since 1991. The target has come after the policymakers confronted mounting domestic and global challenges. The revised target was emerged during China’s largest … Read more
US-Indonesia Tariff Deal Cuts Duties to 19% The administration of Donald Trump and the Indonesian government have finalized a new trade agreement. It will reduce US tariffs on Indonesian goods to 19% from 32%. Officials from both sides confirmed the move on Thursday. They stated that the deal aimed to ease trade tensions while strengthening … Read more