A deal to end the war with Iran could reopen the Strait of Hormuz and allow oil tankers to carry crude again from the Persian Gulf to customers worldwide.
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At issue are temporary 10% worldwide tariffs President Donald Trump imposed after the Supreme Court in February struck down even broader double-digit tariffs.
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Since launching nine years ago, Zelle has become one of the more popular ways for Americans to send money to others directly from their bank accounts.
The tariffs would be imposed on products from dozens of major trading partners following a probe into imports of goods allegedly made with forced labor.
The announcement late Monday came after an investigation by the Office of the U.S. Trade Representative, charging Brazil with lax anti-corruption enforcement, among other things.
The agreements offer some hope to American farmers harmed by the trade war as they saw a major export market for soybeans and other products dry up.
At issue are temporary 10% worldwide tariffs the Trump administration imposed after the Supreme Court struck down even broader double-digit tariffs.
Mayor Chris Jensen will lead a delegation that includes two Noblesville Common Council members, two economic development officials, Noblesville’s communications director and the city engineer.
President Trump said in a social media post that the European Union “is not complying with our fully agreed to Trade Deal.”
President Trump’s newest tariff push is sure to face more challenges in court but is likely to prove sturdier than the one the Supreme Court tossed out.
It’s the first step in a complicated process that also might eventually lead to refunds for consumers who were billed for some or all of the tariffs on products shipped to them from outside the United States.
International Energy Agency Executive Director Fatih Birol painted a sobering picture of the global repercussions of what he called “the largest energy crisis we have ever faced,” stemming from the pinch-off of oil, gas and other vital supplies through the Strait of Hormuz.
The U.S. Court of International Trade, a specialized court in New York, is hearing oral arguments Friday.
While the world’s biggest carmaker has held steady despite a global slowdown in EV demand and the cost of US tariffs on cars and parts, the bigger test for the auto industry will be the degree of disruption from the Middle East conflict.
Thousands of farmers across the country will pay far more this spring than they expected for fertilizer that is essential to their crops.
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 rebounded from nearly $120 per barrel, their highest since 2022, back below $90 on Monday.
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.
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.
President Trump last month put a 10% universal levy in place after the Supreme Court invalidated most of his previous tariff regime.
The Justice Department had urged the Federal Circuit to proceed cautiously and hold off for 90 days. But the judges refused.
The decision centers on tariffs imposed under an emergency powers law, including the sweeping “reciprocal” tariffs he levied on nearly every other country.
