Trump says he’ll place 25% tariff on autos from EU, accusing it of not complying with trade deal
President Trump said in a social media post that the European Union “is not complying with our fully agreed to Trade Deal.”
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 pursues new import taxes to replace tariffs rejected by Supreme Court
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.
Businesses can claim refunds starting Monday for Trump tariffs declared unconstitutional
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.
Europe has ‘maybe 6 weeks of jet fuel left,’ energy agency head warns
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.
Federal court hears new case against Trump’s latest global tariffs
The U.S. Court of International Trade, a specialized court in New York, is hearing oral arguments Friday.
Toyota sales dip as automakers brace for Iran impact
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.
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.
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.