The Central Board of Indirect Taxes and Customs (CBIC) is set to introduce the proposed Eligible Manufacturer-Importer (EMI) scheme by March 1, with a draft framework expected to be released in five ...

Sign of the times: An AI agent autonomously wrote and published a personalized attack article against an open-source software maintainer after he rejected its code contribution. It might be the first ...

Despite President Donald Trump's insistence that other countries are paying the tariffs that his administration imposed on goods coming into the U.S., research from the Federal Reserve Bank of New ...

U.S. raised tariffs on imported steel and aluminum to 50% in 2025, impacting costs. Canada is the main source of U.S. steel and aluminum imports, critical for supply. Higher tariffs may lead to ...

President Trump's tariffs have led to a surge in revenue for the government, but also a record-breaking financial shortfall among importers required to buy special bonds to guarantee payment of trade ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

The CEO of the world’s fifth-largest liner says vessels and crews are stuck in Persian Gulf; warns on oil-price rise. Major U.S. importers are facing off against the world’s largest ocean carriers in ...

U.S. has a $128 billion auto trade deficit in 2025, with significant deficits with Mexico, Japan, Germany, and Canada. Vehicles frequently cross North American borders due to interconnected supply ...

UPDATE (February 20, 2025): The US Supreme Court has struck down Trump’s tariffs imposed under the International Emergency Economic Powers Act (IEEPA), effectively eliminating the 10 percent “fentanyl ...

Section 232 tariffs aim to protect U.S. national security. Created by the Trade Expansion Act of 1962, Section 232 empowers the president to charge duties pending the results of a Department of ...