Federal court rejects Trump administration attempt to slow tariff refund process
The Justice Department had urged the Federal Circuit to proceed cautiously and hold off for 90 days. But the judges refused.
International Business
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Mark Cuban to headline Global Entrepreneurship Congress in Indianapolis
A program of the Global Entrepreneurship Network, the event is an annual convening of business and investment leaders from around the world.
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Simon purchases Italian outlet malls from Gucci’s parent company
Indianapolis-based Simon is the new owner of two Italian luxury outlet malls where the roster of shops includes Armani, Balenciaga, Gucci and Versace.
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Bill to create Indiana-Ireland trade commission advanced by House committee
Through House Bill 1489, the state would establish a trade commission with Ireland to strengthen its business relationship with the country and exchange ideas on policy, economic development and infrastructure.
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Manufacturers weigh potential impact of Trump tariffs promise
Incoming President Donald Trump’s pledge to impose tariffs on goods from Canada and Mexico has caught the attention of Indiana companies, which stand to experience a significant impact if new or expanded tariffs are imposed.
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Articles
Supreme Court strikes down Trump’s sweeping tariffs, upending central plank of economic agenda
The decision centers on tariffs imposed under an emergency powers law, including the sweeping “reciprocal” tariffs he levied on nearly every other country.
US trade deficit declined in 2025, but gap for some goods hits record despite tariffs
American companies boosted imports of computer chips and other tech goods from Taiwan to support massive investments in artificial intelligence.
Falling cocoa prices won’t necessarily mean cheaper Valentine’s Day chocolates
Chocolate prices at U.S. retail stores rose 14% between Jan. 1 and the first week of February compared to the same period last year, and that’s on top of a 7.8% increase for the same period in 2025.
Federal deficits and debt to worsen over next decade, report says
Notably, the Congressional Budget Office says higher tariffs partially offset some of those increases by raising federal revenue by $3 trillion, but that also comes with higher inflation from 2026 to 2029.
Trump administration to create a strategic reserve for rare earth elements
The minerals kept in the reserve would help to shield the manufacturers of autos, electronics and other goods from any supply chain disruptions.
TikTok says deal reached for US spinoff
The divestiture from TikTok’s Beijing-based former parent company, ByteDance, means that the wildly popular app will continue to operate in the United States.
Trump backs down on Greenland, cancels tariff threat after NATO agrees to future Arctic deal
President Donald Trump on Wednesday scrapped the tariffs that he threatened to impose on eight European nations to press for U.S. control over Greenland.
China meets initial soybean purchase goal, but Trump’s shifting trade policy could disrupt deal
Beijing paused any purchase of U.S. soybeans last summer during its trade war with Washington, D.C., but agreed to resume buying from American soybean farmers after President Trump and Chinese leader Xi Jinping met in South Korea and agreed to a truce.
Europe warns of ‘dangerous downward spiral’ after Trump threatens tariffs over Greenland
The eight European countries targeted by U.S. President Donald Trump for a 10% tariff for opposing American control of Greenland blasted the move.
Outlook for surprisingly resilient world economy to 3.3% growth this year
The 191-nation International Monetary Fund said the world economy “continues to show notable resilience despite significant U.S.-led trade disruptions and heightened uncertainty.”
Partnership between public affairs firms highlights growing Indiana-Ireland bond
A former Hoosier lawmaker and a former Irish government minister are linking their firms as Indiana’s ties to Ireland grow.
US-based multinational companies to be exempt from global tax deal
The amended version excludes large U.S.-based multinational corporations from the 15% global minimum tax after negotiations between President Donald Trump’s administration and other members of the Group of Seven wealthy nations.
Trump’s plan to seize, revitalize Venezuela’s oil industry faces hurdles
President Donald Trump said he plans to ask American companies to take over Venezuela’s oil industry after capturing President Nicolás Maduro in a raid.
Trump made many tariff threats in 2025, but some never materialized
Some of Trump’s unrealized threats reflect a broader approach from a president with a track record of using sky-high levies to pressure other countries into new trade deals.
Tariffs to set up US materials stocks for best earnings in 5 years
Materials stocks—a group of companies ranging from steelmaker Nucor Corp. and paint maker Sherwin-Williams Co. to packaging manufacturers including Smurfit WestRock Plc and Ball Corp.—are set to see earnings rise 20% in 2026.
Canada, United States to launch formal talks to review their trade agreement
The United States-Mexico-Canada trade pact, or USMCA, is up for review in 2026. U.S. President Donald Trump negotiated the deal in his first term and included a clause to possibly renegotiate the deal in 2026.
Canada eyes H-1B workers, top global talent as US limits immigration
Canada for years has suffered from a “brain drain” of top talent to its larger neighbor—a trend it hopes to reverse with what it described in the statement as “one of the largest recruitment programs of its kind globally.”
Trump to unveil $12B aid package for farmers hit hard by trade war
The aid comes amid rising frustration among farmers on the slow pace of Chinese purchases, which Beijing clamped down on earlier this year in retaliation for Trump’s escalating tariff barrage.
Companies seek refunds from tariffs as Supreme Court decision looms
At issue in the pair of combined cases before the Supreme Court is whether the president exceeded his authority by relying on a 1977 law to impose the tariffs.