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 ...

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 ...

In 2025, U.S. had a $112 billion pharmaceutical trade deficit, largely with Ireland and Switzerland. Trump suggested imposing 100% tariffs on certain pharmaceutical imports to reduce this deficit.

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 ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...