Tariffs
The Indian government has approved a major overhaul of the Goods and Services Tax (GST) structure, reducing the current rate structure into two slabs of 5% and 18%. This move, set to come into effect on September 22, has been hailed by business leaders as a major step to stimulate
Tariffs
Piyush Goyal, Commerce and Industry Minister, expressed confidence that India's exports in the current financial year will surpass those of 2024-25, despite challenges posed by high US tariffs, as the government pushes for faster diversification of markets and products. Goyal highlighted the industry's commitment to pass
Tariffs
The Trump administration has asked the Supreme Court to expedite its review of a lower-court ruling that invalidated most of the tariffs on goods from dozens of nations. The ruling, issued by the U.S. Court of Appeals for the Federal Circuit, found that President Donald Trump did not have
Tariffs
The Federal Circuit Court of Appeals has delivered a decisive rebuke to the new presidential reciprocal and trafficking tariffs, ruling that a president cannot use the International Emergency Economic Powers Act (IEEPA) as a convenient legal fig leaf to reshape trade policy without the approval of Congress. This decision reaffirms
Tariffs
The European Commission and the White House reached a crucial agreement on a bilateral trade deal, dubbed the "Framework on an Agreement on Reciprocal, Fair, and Balanced Trade." The deal, announced on 21 August 2025, has been both praised and criticized for its potential to reshape the global
Tariffs
The Trump administration is pushing the Supreme Court to quickly take up a case related to the president's emergency tariffs, warning of "catastrophic" economic consequences if the justices do not act soon. Treasury Secretary Scott Bessent argued in a petition that the U.S. could face
Tariffs
Several electric utilities and energy companies have submitted filings to the Federal Energy Regulatory Commission (FERC) for review and approval. The filings, which include rate updates, tariff amendments, and requests for waiver and shortened comment periods, have been published in the Federal Register. This update summarizes the key filings and
Tariffs
In a strongly worded speech on the Senate floor, Sen. Dick Durbin (D-IL) condemned the Trump Administration's economic policies, including the "One, Big Beautiful Bill Act" and the "Trump Tariffs." Durbin argued that these policies will lead to significant harm to the U.S.
Tariffs
The US decision to slap a 50% tariff on most Brazilian exports has sparked a trade war that threatens to ensnare the country's major banks. A recent ruling by Brazil's top court has created an existential crisis for banks in Brazil, forcing them to choose between
Exports
India's export sector is facing a significant challenge due to punitive US tariffs, which have resulted in over half of the country's shipments to the US market being subject to higher duties. However, the country has received a reprieve in the form of discounted Russian crude,
Tariffs
The diplomatic spat between Washington and Brasilia has put major Brazilian banks in a precarious position. As the US imposes a 50% tariff on Brazilian exports, including coffee and cattle, banks face a dilemma: violate US sanctions or defy the Brazilian supreme court. The ruling by the highest court in
International trade
In a bid to overturn a lower court decision that deemed his sweeping tariffs illegal, U.S. President Donald Trump has asked the Supreme Court to act swiftly. The dispute revolves around Trump's use of the International Emergency Economic Powers Act to implement tariffs on nearly all trading
