Iran war has US farmers worried about cost, availability of fertilizer
Thousands of farmers across the country will pay far more this spring than they expected for fertilizer that is essential to their crops.
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
Trump administration kicks off new process to try to replace tariffs struck down by Supreme Court
The administration opened a trade investigation to examine whether excess industrial capacity and government backing could give foreign manufacturers an unfair advantage over U.S. companies.
Oil prices ease and Trump says war will ‘be ended soon’
Oil prices rebounded from nearly $120 per barrel, their highest since 2022, back below $90 on Monday.
Judge rules companies are entitled to refunds for Trump tariffs overturned by Supreme Court
The federal government collected more than $130 billion in the now-defunct tariffs through mid-December and could ultimately be on the hook for refunds worth $175 billion.
Supply chain disruptions from the Iran war could raise prices for drugs, electronics and more
Over the past few years the global supply chain has faced other major disruptions like COVID supply shortages and other recent Mideast conflicts and has become more nimble.
Bessent says Trump’s tariff hike to 15% likely coming this week
President Trump last month put a 10% universal levy in place after the Supreme Court invalidated most of his previous tariff regime.
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.
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.