Tariffs

The report refers to a US Commerce Department estimate that goods worth $67 billion were transshipped through India, Mexico and Vietnam in 2025. (AP photo) A new US report has alleged that India is among 40 countries that are helping China evade Trump’s tariffs with the help of a shadow trans-shipment network. The White House … Read more

India could face 100% if Russia Sanctions Bill becomes a law The US Senate on Tuesday overwhelmingly advanced a bipartisan bill that would give President Donald Trump sweeping powers to impose new sanctions on Russia and penalise major buyers of its energy exports, including India and China.The legislation would allow the president to impose a … Read more

Companies in the US are wary of saying too much about one particular nugget of good news for their bottom line and inflation. Only about 5% of the 3,000 largest publicly traded US companies mentioned refunds in the context of President Donald Trump’s now-illegal tariffs in recent comments and regulatory filings, according to a Bloomberg … Read more

To receive repayments, importers in the US are required to submit claims which include shipment details, applicable tariff classifications. (AI image) The US government has rolled out a system to facilitate refunds of over $166 billion from tariffs introduced by Donald Trump and later invalidated by the US Supreme Court. In February, the court struck … Read more

The U.S. and India are not “far off” from finalizing an interim trade deal, but need to bridge some negotiating gaps, such as over discussions on pulses and the staging of tariff reductions, according to a U.S. official. “We’re not that far off from finalizing the interim trade deal, but some gaps remain,” the official … Read more

Federal Express has filed suit against the United States government seeking a “full refund” of tariffs imposed under President Donald Trump’s emergency economic powers, days after the Supreme Court ruled those levies unlawful. The case, lodged at the US Court of International Trade, marks the first major corporate effort to reclaim duties paid under a … Read more

Judge refers to tariffs imposed on India for buying Russian oil in dissenting note As the U.S. Supreme Court on Friday struck down President Donald Trump’s sweeping tariffs, Justice Brett Kavanaugh referred to the tariffs imposed on India for Russian oil purchases in his dissenting opinion. Mr. Trump had imposed 25% reciprocal tariffs on India … Read more

Thousands of US businesses scored a major victory after the US Supreme Court struck down emergency tariffs imposed by President Donald Trump. However, while companies welcomed the decision, the process of getting refunds worth billions of dollars is expected to be slow and complex.In a landmark ruling with global economic implications, the court said Trump … Read more