Trump, Costco and ieepa tariffs
Digest more
The U.S. announced a raft of new probes into trading partners trading practices. The investigations are targeting China, Mexico, the EU and more than a dozen other economies, and are being carried out under Section 301 of the Trade Act of 1974.
The Trump administration is scrambling to replace the revenue the federal government lost when the Supreme Court struck down his biggest and boldest tariffs last month.
A Costco shopper sued the big-box retailer, saying a proposed class of plaintiffs could top 100, and they’re demanding $5 million in tariff refunds.
CBP told Judge Richard Eaton that the technology upgrades it plans would save more than 4 million man-hours in processing refunds for Trump's tariffs.
March 12 (Reuters) - The U.S. government's four-part system for refunding $166 billion in illegal tariff payments with interest is between 40% and 80% complete, according to a court filing on Thursday from a top customs official.
As the cost of living continues to squeeze household budgets, a new report is putting a spotlight on the impact of tariffs, and the added financial burden consumers face under current trade policies.
National Retail Federation expert says the situation underscores the need for clear and predictable trade policies that support supply chain certainty and reliability. Import volume at the nation’s major container ports is expected to see a significant ...
The Supreme Court ruled in February that the president lacks the authority to impose unilateral tariffs using an emergency powers law.
The country normally applies 25 percent tariffs to US-made vehicles that do not meet USMCA rules