Tariffs
The Illinois-based toy company Learning Resources Inc. filed an appeal with the Supreme Court on Tuesday, asking them to take up the case sooner rather than later in an effort to determine whether President Donald Trump's tariffs are legally imposed under an emergency powers law. The company argues
Tariffs
US President Donald Trump and British Prime Minister Keir Starmer have signed an agreement to lower tariffs on several key British exports to the United States, marking a significant breakthrough in transatlantic trade relations. The deal was announced on the sidelines of the G7 Summit in Canada, where the two
Tariffs
President Trump has signed 157 Executive Orders since his return to the presidency in January, with many imposing tariffs under the International Emergency Economic Powers Act (IEEPA). The Trump administration has also initiated Section 232 investigations, a provision of the Trade Expansion Act of 1962, to determine the impact of
Tariffs
The ongoing trade dispute has taken a heavy toll on U.S. apparel brands, with tariffs creating uncertainty and increasing material costs, forcing companies to reassess their production and pricing strategies. The majority of American-made garments rely on imported fabrics and specialized inputs, making it challenging for domestic producers to
Tariffs
Tariffs and related trade policy developments are having significant impacts on cross-border relationships and contracts, rendering it essential to review agreements for terms allocating tariff risk and rights and obligations. Companies can mitigate losses by understanding contract provisions, including hardship and material adverse change clauses, force majeure clauses, and pricing
Tariffs
British manufacturing is set to benefit from a historic trade deal with the US, signed by Keir Starmer and US President Donald Trump, which will see tariffs on steel and car exports to the US cut in exchange for greater access to the UK for beef and ethanol producers. The
Tariffs
US President Donald Trump and UK Prime Minister Keir Starmer finalized a trade deal at the G7 summit in Canada, covering the aerospace and auto sectors. The agreement eliminates tariffs in the UK aerospace industry, while the auto industry will face 10% tariffs, down from 25%. The steel industry still
Tariffs
The US automotive industry is bracing for significant challenges as the trade environment becomes increasingly complex. Amidst the backdrop of escalating trade tensions and tariff hikes, automakers and suppliers are grappling with the risks of parts shortages and production disruptions. The recent court decisions striking down tariffs issued under the
Tariffs
Jaguar Land Rover has paused deliveries to the US due to tariffs imposed by President Donald Trump, resulting in a hit to profits. The company, which accounts for over a quarter of its sales in the US, is reassessing its strategy in the region. JLR is exploring ways to counter
Tariffs
Economists have long predicted a significant jump in consumer prices due to President Trump's tariffs, but data released this week suggests that inflationary pressures remain muted, at least for now. Despite the uncertainty surrounding the trade policy, a growing number of economists believe that tariffs will eventually lead
Tariffs
Thailand and the United States are set to initiate technical-level discussions regarding the US tariff regime, marking a significant step forward in bilateral trade relations. Both countries have been actively preparing for these discussions, with the Thai Cabinet approving a negotiation framework and the US expressing its willingness to engage
Tariffs
Thailand's Commerce Minister Pichai Naripthaphan has announced that the country and the US are prepared to initiate discussions at a technical level regarding the US's tariffs regime. This development follows the US's stated willingness to engage in talks on June 7, which was welcomed
