Category: Tariffs and Trade

President Donald Trump has put Canada on notice with a new 50% tariff on covered dairy imports. The action is not a vague negotiating threat: the White House set an August 19 effective date, and it arrives in a dispute that Washington says Canada has allowed to drag on long after USMCA was supposed to…

Amazon told investors that it has received roughly $600 million in refunded tariff duties, money the federal government collected under an emergency-powers program the Supreme Court struck down in February. Only part of that sum is heading back to the shoppers who absorbed the higher prices at checkout. The company says it will automatically reimburse…

Importers owed tariff refunds by the U.S. government are now being offered upfront cash buyouts worth 60 percent or more of their pending claims, feeding a secondary market that has grown to an estimated $100 billion as federal processing delays stretch on. The offers come from investors betting they can collect the full refund later,…

A coalition of Democratic lawmakers introduced multiple bills on February 20, 2026, demanding that the federal government automatically refund tariffs paid by small businesses under President Donald Trump’s trade orders, which federal courts have ruled illegal. The push, estimated to involve as much as $175 billion in total refunds, has drawn support from both chambers…

Taiwan’s government has flatly refused to reopen the terms of its recently signed trade agreement with the United States after a Supreme Court ruling limited presidential tariff authority. Vice Premier Cheng Li-chiun told reporters that preferential tariff treatment for Taiwan’s exports, set at 15 percent under the arrangement with Washington, will not change. The comments…

Steel tariffs first imposed in 2018 under Section 232 national security authority have delivered a split outcome for American manufacturing: a modest rebound in steel mill employment alongside broader job losses in the factories that buy that steel. The tension between protecting a single upstream industry and the health of the wider manufacturing base has…

President Donald Trump signed a proclamation establishing a temporary import surcharge under Section 122 of the Trade Act, setting a 10% tariff on imports that takes effect at 12:01 a.m. ET on February 24, 2026, and runs through 12:01 a.m. ET on July 24, 2026. The statutory cap under Section 122 is 15%, leaving room…

Federal Express Corp. and FedEx Logistics, Inc. have filed a lawsuit in the U.S. Court of International Trade demanding a full refund of every dollar paid in tariff duties imposed under the International Emergency Economic Powers Act during the Trump administration, plus interest. The suit, which names the United States, U.S. Customs and Border Protection,…

Gold futures were quoted near $5,200 per ounce in early trading as investors fled equities following President Trump’s announcement of a sweeping global import tariff, a move that collided with a Supreme Court ruling limiting the White House’s claimed legal authority for trade barriers. The collision of a constitutional rebuke and an aggressive new levy…

The Dow Jones Industrial Average plunged 821.91 points on Monday, February 23, 2026, closing at 48,804.06 after President Donald Trump unleashed a brutal tariff hike in the form of an abrupt import surcharge escalation that spooked investors and triggered a broad sell-off across U.S. equities. The S&P 500 dropped 1% to 6,837.75 and the Nasdaq…