The government must return about $160 billion, plus interest, collected from duties deemed illegal and potentially more if it loses a related tariff case.
Category: International Trade and World Market
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Tariff Refunds Begin to Reach Businesses as Trump Lashes Out at Court
The New York Times – Business: -
Wholesale Prices Jumped in April, in Latest Sign of War’s Economic Ripples
The New York Times – Business:The Producer Price Index rose in April at its fastest pace in four years, government data showed, a day after consumer prices showed inflation was surging.
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How China Could Wield Its Control of Rare Earths Against Trump
The New York Times – Business:A central question hanging over the summit this week is whether China will agree to extend a temporary postponement of even tougher rare-earth export controls.
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Here’s How Trump’s Trade War on China Ended Up in a Stalemate
The New York Times – Business:As President Trump prepares to meet with Xi Jinping, a trade war that once threatened to freeze commerce between the two countries has given way to an uneasy truce.
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The Iran War Is Taking the Color Out of Japan’s Best-Known Snack Bags
The New York Times – Business:The food giant Calbee said shortages of naphtha, a crude-oil derivative used in inks, were forcing it to switch to black-and-white packaging for its salty products.
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Chinese A.I. Firms Push Beyond Nvidia as DeepSeek Turns to Huawei
The New York Times – Business:Before this week’s U.S.-Chinese summit, Beijing reached a milestone in its quest for technological self-sufficiency.
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Which Trump Tariffs Are in Place, in the Works or Ruled Illegal
The New York Times – Business:The president has reworked his tariffs repeatedly — sometimes because they have been declared illegal — with more updates still to come.
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China’s Exports and Imports Set Records in April Amid High Energy Costs
The New York Times – Business:The country’s exports surged and its trade surplus with the United States widened ahead of President Trump’s scheduled visit next week to Beijing.
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Trump’s Latest Tariff Setback Looms Over China Talks
The New York Times – Business:For the president, a major legal defeat could undercut his leverage as he prepares to head to Beijing next week for high-stakes trade negotiations.