Trump, US court and tariff refund
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The Trump administration cut US tariffs on Taiwan from 20% to 15% as part of a reciprocal trade deal that includes $250B in semiconductor investments.
US customs agency says $20.6 billion in tariff refunds is now moving to importers. The update comes via court filing, alongside corrections to earlier processing estimates.
The European Union approved Wednesday a tariff deal with the United States to cap tariffs on most EU exports at 15%, avoiding a direct clash with President Donald Trump ahead of his July 4 deadline. Fierce debates raged among the 27-nation bloc’s lawmakers and leaders,
After the United States Supreme Court blocked President Donald Trump's so-called 'reciprocal tariffs,' home appliance orders began flowing back to China from Southeast Asia, according to Chinese manufacturers interviewed by Yicai.
By Khanh Vu and Francesco Guarascio HANOI, May 27 (Reuters) - At a sprawling bazaar on the outskirts of Vietnam's capital, the trade in counterfeit goods is bustling despite government crackdowns and the threat of U.
The US has announced that preferential tariff treatment for Taiwan’s non-semiconductor Section 232 goods would take effect retroactively from May 1, the Executive Yuan said yesterday. The US government yesterday posted a notice on the Federal Register’s public inspection Web site previewing tariff concessions for Taiwan under a memorandum of understanding (MOU) on Taiwan-US investment after two months of negotiations.
China indicated it would accept some increase in US tariffs to a level agreed upon last year and would continue talks to extend a trade truce — a sign ties between the world’s two largest economies are further stabilizing.
Taiwan’s opposition parties are stepping up criticism of the island’s government over a controversial economic deal with the United States, warning that what officials portray as a tariff win could carry heavy long-term costs for the island’s economy ...
JP Morgan MD Sajjid Chinoy added that India needs targeted steps to prevent job losses and reduce the wider damage. He also warned that the country’s current account deficit (CAD) could grow, though the Reserve Bank of India has strong foreign exchange reserves to handle the pressure.
President Donald Trump’s tariff strategy has been thrown into turmoil after a US court issued a rare rebuke blocking many of the import taxes he has threatened and imposed on other countries.