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
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
Asian and Middle Eastern investors, including sovereign funds, are increasingly seeking to avoid exposure to US assets due to policy shocks under President Donald Trump, according to Partners Group, one of Europe's largest private markets investors. The uncertainty surrounding tariffs and potential trade or investment restrictions is driving
Tariffs
The Kentucky Public Service Commission has issued an order granting intervention to the Kentucky Industrial Utility Customers, Inc. (KIUC) in the case of Kentucky Power Company's request for approval of a Renewable Energy Purchase Agreement with Bright Mountain Solar, LLC. The Commission found that KIUC has a special
Tariffs
The Trump administration has taken in more than US$100-billion in tariff revenue this year, nearly double the 2024 tally, after imposing far-reaching levies on foreign countries, including Canada. However, the administration faces a Supreme Court appeal after losing twice in its bid to defend its use of tariffs under
Tariffs
The Indian government has unveiled a two-tier Goods and Services Tax (GST) structure, along with a 'sin goods' slab, which will come into effect from September 22. Finance Minister Nirmala Sitharaman has stated that the decision was made after one-and-a-half years of deliberation, and not influenced by the
Tariffs
Finance Minister Nirmala Sitharaman unveiled a raft of tax cuts on various consumer items, including soaps, small cars, and televisions, in an effort to boost domestic demand amidst economic uncertainties triggered by US tariffs. The move comes as the 50% US tariffs took effect last month, raising concerns about an
Tariffs
As the US economy prepares for a potential interest rate cut, the Federal Reserve finds itself navigating a complex economic landscape marked by tariff uncertainty and a weakening labor market. The central bank is tasked with balancing two competing goals: stable prices and maximum employment. However, the recent trade war
International trade
The US federal appeals court has ruled that President Donald Trump's "reciprocal" tariffs were illegal, marking a significant blow to the Trump administration's trade strategy. The ruling has sent shockwaves through the international community, leaving trading partners uncertain about their next steps in negotiations
Tariffs
As the price of Russian oil reaches a historic low for India, with prices dropping to $3-$4 per barrel, New Delhi finds itself in a precarious position amidst US tariffs. According to a Bloomberg report, the price of Russia's Ural grade is being offered at a lower
Tariffs
Ashley J. Tellis, a US strategic affairs expert, has revealed that US President Donald Trump feels cheated for not receiving credit for the India-Pakistan ceasefire in May 2025. This exposure has soured the ties between the two nations, with the US imposing a 50 percent tariff on Indian goods. Experts
Exports
The US-China trade tensions highlight a critical vulnerability in America's trade relationships with China, particularly the dominance of rare earth magnets and other strategic products. President Donald Trump has threatened China with 200% tariffs on rare earth magnets, but this would likely mean a total embargo on trade
