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.
American companies boosted imports of computer chips and other tech goods from Taiwan to support massive investments in artificial intelligence.
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.
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.
The minerals kept in the reserve would help to shield the manufacturers of autos, electronics and other goods from any supply chain disruptions.
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.
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.
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.
The eight European countries targeted by U.S. President Donald Trump for a 10% tariff for opposing American control of Greenland blasted the move.
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.”
