Commerce international

US Tariffs to Rise to 15% This Week, Treasury Secretary Announces | Trump Trade Policy Update

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Washington D.C. – U.S. Treasury Secretary Scott Bessent announced Wednesday that the Trump administration intends to raise universal tariffs on imported goods from 10% to 15% “at some point this week.” The move, signaling a continuation of the administration’s protectionist trade policies, has already drawn criticism from international partners, including Germany, and raises concerns about … Read more

Trump Tariffs: L’Oréal, Dyson & Others Sue US for Refunds

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Wave of Lawsuits Seeks Billions in Refunds Over Trump-Era Tariffs Washington D.C. – A surge of legal challenges is underway as over 1,400 importers, including major global brands like L’Oréal, Dyson, and Bausch + Lomb, are suing the U.S. Government for refunds of tariffs paid under the Trump administration. The lawsuits, filed beginning February 23, … Read more

US Trade Deficit Narrows Again in October 2023

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The United States trade deficit continued ‍its downward trend in October, reaching its lowest point since June 2009. This enhancement stems from a combined effect of increased exports and decreased imports, as reported by the U.S.Department of Commerce on January 8, 2026. Understanding these shifts in the trade deficit is crucial for⁣ assessing the health … Read more