The measures aim to crack down on Iran’s shadow banking system and Chinese purchases of Iranian oil.
Category: International Trade and World Market
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G.M.’s Profit Bolstered by a $500 Million Tariff Refund
The New York Times – Business:Because of a February Supreme Court decision, General Motors said it would receive refunds on some of the tariffs it had paid.
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The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can
The New York Times – Business:Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source.
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Budget Airlines Ask Trump Administration for Billions as Fuel Costs Rise
The New York Times – Business:A trade group for the airlines is seeking $2.5 billion to help offset the big jump in jet fuel costs since the start of U.S.-Israeli attacks against Iran.
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Tariffs Raised Consumers’ Prices, but the Refunds Go Only to Businesses
The New York Times – Business:Many families felt the sting of the president’s now-illegal tariffs, but companies have said little about whether they will share the $166 billion coming back to them.
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Companies, Not Consumers, to Cash In Big From Tariff Refunds
The New York Times – Business:Many families felt the sting of the president’s now-illegal tariffs, but companies have said little about whether they will share the $166 billion coming back to them.
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Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline
The New York Times – Business:The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
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As U.S. Brands Stumble, China Wins Over Young Indonesians
The New York Times – Business:A new generation of Indonesian consumers view Chinese brands as high-tech and of good quality, a departure from the days when “made in China” was associated with cheap goods.
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Hoarding Is Driving Energy Prices Higher Everywhere
The New York Times – Business:As wealthy nations scramble to secure stocks of oil, the result is higher prices for all and shortages in vulnerable countries.
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Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed
The New York Times – Business:The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
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Trump Administration Takes Steps to Refund $166 Billion in Tariffs
The New York Times – Business:The government debuted a system to repay importers two months after the Supreme Court struck down tariffs at the heart of the president’s trade policy.
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Trump Administration to Begin Refunding $166 Billion in Tariffs
The New York Times – Business:The government will debut a system to repay importers two months after the Supreme Court struck down tariffs at the heart of the president’s trade policy.