News
(1) Supreme Court Rules IEEPA Tariffs Unlawful; (2) Trade Community Awaits Guidance on Potential Refund Process (3) Trump responds to Supreme Court Decision by Imposing a New 10% Global Tariff Under a Different Statute
Late Friday afternoon, in response to the Supreme Court’s earlier decision, Trump announced a new 10% global tariff under a different statute. The Friday Supreme Court ruling did not overrule tariffs, just a specific use of the International Emergency Economic Powers Act, which according to the Supreme Court did not grant Trump the power he claimed to impose tariffs. The...
US Air Flight Reductions Will Increase If Shutdown Continues – Reductions to Impact Domestic Flights Only
ABC NEWS, By Jack Moore, Jon Haworth, Ayesha Ali, and Nadine El-Bawab November 7, 2025, 4:00 PM The US Government remains Shutdown. More than 16 US air traffic control facilities are experiencing worker shortages on Friday (November 7). Officials at the U.S. Federal Aviation Administration (FAA) decided on Friday to gradually increase air travel flight reductions to 10% after the agency’s safety team...
Trump and Xi Ease Tension With Truce on Tariffs, Rare Earths, USA Port Fees
Beijing Will Resume Purchases of US Soybeans Jennifer A. Dlouhy and Josh Wingrove, Bloomberg News, October 30, 2025, Busan, South Korea Donald Trump and Xi Jinping agreed to extend a tariff truce, roll back export controls and reduce other trade barriers in a landmark summit in Busan, South Korea on October 30, potentially stabilizing relations between the world’s biggest economies after...
October 1 Government Shutdown – US Customs and Border Protection Will Continue to Collect Tariffs and Process Cargo During the Federal Shutdown
The US Customs and Border Protection (CBP) has confirmed it will continue revenue collections throughout the federal shutdown that commenced on October 1, 2025, according to a Department of Homeland Security (DHS) contingency plan. The agency, which processes close to US$100m in daily duties, tariffs and fees, plays a critical role in keeping trade lanes open and government funds supplied...