Trump Tariff

US companies shamed by Trump quietly tiptoe into tariff-refund race

There's reason for discretion: The scramble for as much as $166 billion in refunds - plus interest - comes with the risk of political and legal jeopardy

US federal court halts ruling against Trump's global tariffs for now

The order means importers will continue to pay the 10 per cent tariffs under Trump's use of Section 122 of the Trade Act of 1974 for now

Tariff refunds of $35.5 billion cleared for importers after US SC ruling

The scramble for refunds started immediately after the Supreme Court ruled that Trump unlawfully used IEEPA to impose tariffs on goods entering the country

Trump admin seeks to keep collecting tariffs after court ruling setback

In a 2-1 decision last week, a US Court of International Trade panel found that President Donald Trump's use of Section 122 of the Trade Act of 1974 to impose the tariffs was invalid

EU has until July 4 to approve trade deal or face higher tariffs: Trump

President Donald Trump has said in a social media post that goods from the European Union would face higher tariff rates if the 27-member bloc fails to approve last year's trade framework by July 4. The announcement on Thursday appeared to be a deadline extension after the president said last Friday that EU autos would face a higher 25 per cent tariff starting this week. Trump made the updated announcement after what he described as a "great call" with European Commission President Ursula von der Leyen. Still, the US president was displeased that the European Parliament had yet to finalize the trade arrangement reached last year, which was further complicated in February by the US Supreme Court ruling that Trump lacked the legal authority to declare an economic emergency to impose the initial tariffs used to pressure the EU into talks. "A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO!" Trump posted. "I agreed to gi

Trump tariff refund payouts start hitting US importers' bank accounts

The refund payments mark a milestone in the fierce legal fight over one of the president's signature economic policies. Hundreds of thousands of importers paid the contested tariffs

FIEO asks exporters to engage with US buyers for tariff refund share

Apex exporters' body FIEO on Wednesday said it has asked its members to engage with US buyers to seek a share of the refunded tariffs, with the United States initiating the process of refunding reciprocal tariffs from April 20. FIEO President S C Ralhan said that there is no legal right of Indian exporters on those refunds, as only the US businesses are getting the refunds. "But if an Indian exporter has a good relationship with his or her US buyer, she may get some share," he said. In its report, think tank Global Trade Research Initiative (GTRI) said that the engagement with the US buyers will be important as the refunded payments go only to US importers, and exporters have no legal right to claim them. Indian exporters have no direct legal route to claim refunds. Another industry official from the leather sector said that the businesses will discuss the matter with the US importers. "We are talking to our buyers on this," a leather sector exporter said. The US tariffs, impose

US starts tariff refunds; Indian exporters need to engage with buyers: GTRI

The US has initiated the process of refunding reciprocal tariffs from April 20, and Indian exporters should proactively engage with American buyers to seek a share of the refunded duties, think tank GTRI said on Tuesday. The Global Trade Research Initiative (GTRI) said that the engagement will be important as the refunded payments go only to US importers, and exporters have no legal right to claim them. Indian exporters will have no direct legal route to claim refunds, it said. The US tariffs, imposed from April 2, 2025, affected export of many Indian products, it said, adding that the total refund is about USD 166 billion, with roughly USD 12 billion linked to goods from India. To get refunds, US importers must file detailed claims online with shipment data, tariff lines and proof of payment. The reciprocal tariff regime began at 10 per cent on April 2, 2025 and was rapidly escalated. Rates for India rose to 25 per cent by Aug. 7, 2025 and to 50 per cent by August 28, remaining a

Trump's Liberation Day tariffs help US reduce trade deficit with countries

But the February Supreme Court reversal of his decision has put future gains in doubt

Trump admin launches trade probes into 16 nations including India, China

The US has launched fresh trade investigations into 16 major trading partners, including India, under Section 301 of the Trade Act of 1974, after the SC struck down much of Trump's tariff programme

Tariffs will replace income tax, will take burden off Americans: Trump

During State of the Union address, Trump described a recent Supreme Court ruling on tariffs as "unfortunate", but maintained that his tariff regime was saving and protecting the country

Trump admin faces tough legal landscape to oppose tariff refunds

In a 6-3 decision last week, the justices declared President Donald Trump's use of an economic emergency powers law illegal

SC decision against Trump tariffs raises uncertainty, but markets stay calm

The Supreme Court's ruling against US President Donald Trump's tariffs has countries like China and South Korea watching for Washington's next steps, while financial markets took the news in stride. The decision announced Friday could potentially disrupt arrangements worked out in trade negotiations since Trump announced sweeping tariffs on dozens of countries in April 2025. China's Commerce Ministry said it was conducting a "comprehensive assessment of" the ruling against the tariffs Trump imposed under the International Emergency Economic Powers Act, or IEEPA. "China urges the United States to lift the unilateral tariffs imposed on trading partners," an unnamed ministry spokesman said in a statement. The statement reiterated Beijing's stance that there are no winners in a trade war and that the measures Trump had announced "not only violate international economic and trade rules but also contravene domestic laws of the United States, and are not in the interests of any party," th

'Too early to comment': FM Sitharaman on impact of US tariff changes

Finance Minister Nirmala Sitharaman on Monday said it is too early to comment on the tariff changes announced by the United States and the commerce ministry is reviewing the situation. On Friday, the US Supreme Court gave a verdict against the sweeping import tariffs imposed by the Trump administration on trade partners. Following that, President Donald Trump imposed a 10 per cent tariff on all countries, including India, from February 24 for 150 days. Later on Saturday, Trump announced raising these tariffs to 15 per cent. Asked about the impact of tariff changes on the Indian economy, Sitharaman said it is a "bit too soon" to comment. "But on the trade particularly, aside from the Indian economy in general, the commerce ministry is reviewing the situation. The delegation will have to take a call on when they are going to go for further negotiations. So it's a bit too early for me (to comment)," Sitharaman said. On Sunday, India and the US decided to reschedule the proposed meetin

Trump pegs new tariffs to a 'payments crisis' that experts doubt exists

The issue most economists see is that despite the president's proclamation, there's no evidence the US isn't able to pay its bills or meet the obligations it has to international investors

Gold rises above $5k as Trump tariff defeat throws trade deals into doubt

Bullion climbed as much as 1.3 per cent to above $5,170 an ounce. Trump said Saturday he would impose a global tariff of 15 per cent to preserve protective trade measures

Tariff ruling limits Trump's leverage, uncertainty stays for trade partners

US Supreme Court curbs Trump's sweeping tariff powers, but new levies and trade probes keep global partners and businesses on edge

India must review US trade deal after SC tariff ruling, says GTRI

GTRI says the US Supreme Court's decision striking down Trump's global tariffs frees most Indian exports from reciprocal duties, prompting a reassessment of the new bilateral trade deal

Trump grasping for excuses to impose tariffs on India: US Congressman

A senior US lawmaker has said that President Donald Trump is "grasping for excuses" to "slap outrageous tariffs" on India for purchasing Russian oil, urging him to reverse this policy immediately. "President Trump is grasping for excuses to slap outrageous tariffs on #India," Congressman Brad Sherman said in a social media post on Wednesday. Sherman, a senior member of the House Foreign Affairs Committee as well as of the House Financial Services Committee, said in the post that Trump claims tariffs on India are about importing Russian oil. "Yet Hungary imports 90% of its crude from Russia with no tariffs. And China, Russia's biggest oil buyer, hasn't been hit with sanctions tied to purchasing Russian oil, though it has been hit for other reasons. "India gets just 21% of its crude from Russia, but our ally is being singled out. The President should reverse this policy immediately," Sherman said. Earlier this month, the US and India announced that they reached a framework for an ..

House votes to block Trump tariffs on Canada in rare bipartisan rebuke

The House has voted to slap back President Donald Trump's tariffs on Canada, a rare if largely symbolic rebuke of the White House agenda as Republicans joined Democrats over the objections of GOP leadership. Wednesday's tally, 219-211, was among the first times the House, controlled by Republicans, has confronted the president over a signature policy. The resolution seeks to end the national emergency Trump declared to impose the tariffs, though actually undoing the policy would require support from Trump himself, which is highly unlikely. The resolution next goes to the Senate. Trump believes in the power of tariffs to force US trade partners to the negotiating table. But lawmakers are facing unrest back home from businesses caught in the trade wars and constituents navigating pocketbook issues and high prices. "Today's vote is simple, very simple: Will you vote to lower the cost of living for the American family or will you keep prices high out of loyalty to one person -- Donald J