#international-trade

#international-trade

"The statute bestows significant authority on the President to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax," the US Court of Appeals for the Federal Circuit said. The court, however, also said the tariffs could remain in place until October 14, to allow the government to appeal the ruling to the Supreme Court.

Secondary sanctions go a step further and extend to third-party countries, companies or individuals that do business with sanctioned parties. Even though these third-party entities aren't directly bound by the sanctioning country's laws, they are pressured to comply or face consequences should they do business in the sanctioning country.

As of 2025, SMEs have revolutionized their approach to document translation. AI-powered tools enable fast, accurate translations of various documents, enhancing efficiency in business operations.

The order states that the de minimis exemption will no longer apply 'regardless of value, country of origin, mode of transportation or method of entry' meaning all shipments will be subject to 'all applicable duties, taxes, fees, exactions and charges'.

The UK-India trade agreement is valued at £4.8 billion, concluding three and a half years of negotiations and promising economic benefits for both countries.

The current uncertainty caused by unjustified tariffs cannot persist indefinitely, and the EU is preparing for all outcomes, including well-considered, proportionate countermeasures.

EU trade chief Maros Sefcovic expressed optimism about ongoing trade negotiations with the US despite President Trump's announcement of 30% tariffs on imports from the EU and Mexico.

The UK is an open trading nation but we must reconcile this with a new geopolitical reality and work in our own national interest.

The Court of International Trade ruled unanimously that Trump's tariffs were invalid, stating that they did not meet the standards set by the International Emergency Economic Powers Act.

The UK was the first country to secure a trade deal with the US earlier this month and we remain committed to protecting British business and jobs across key sectors.

The Independent is committed to providing quality journalism that remains accessible to all, avoiding paywalls that can restrict readers from crucial information.