US tariffs

Trump gives EU until Jul 4 to ratify trade deal with US or face ‘much higher’ tariffs

The announcement comes after the EU fails to finalise its long-delayed trade deal during overnight talks

The Trump administration is already working on its next tariff plan, but those levies are months away from being implemented.

Trump’s latest 10% tariffs found unlawful by US trade court

The decision is the latest setback for the president’s effort to levy taxes without input from Congress

Customs officials have not specified a schedule for rolling out future phases of the refund programme for imports with more complicated circumstances.

Trump tariff refunds start hitting importers’ bank accounts

The refund payments mark a milestone in the fierce legal fight over one of the president’s signature economic policies

Trump has already imposed 50% tariffs on global steel imports under a separate, national security statute.

US industries, trade groups split over Trump’s tariff probe on excess factory capacity

China is the main source of excess steel capacity, producing more than India, America, Japan and Russia combined

The Trump administration last year imposed a 25% tariff on global automotive imports under a national security trade law, but reached a separate deal with the EU in August to lower those duties to a net 15%.

Trump says he will raise tariff on autos from European Union to 25%

EU officials criticise move as arbitrary, warn of firm response

Trump’s tariffs have also threatened to cut into families’ finances.

Trump’s tariffs raised US consumers’ prices, but the refunds go only to businesses

When the government applies taxes to foreign goods, it charges the firms and brokers that bring those items into the country

As President Donald Trump prepares for his planned May 14-15 visit to China to meet President Xi Jinping, critics argue such inconsistencies, coupled with his improvisational dealmaking style, have undermined the US in its competition with Beijing.
NEWS ANALYSIS

With tariffs stalled, Trump’s China policy drifts

Frequent US policy reversals confused American officials

US customs officials said as of Apr 9, some ​56,497 importers had completed the necessary steps to receive electronic refunds.

US tariff refund system launches as thousands of companies file claims

This is the latest twist in a drawn-out battle over emergency tariffs collected over the past year

Importers are awaiting their Ieepa refunds even as a fresh legal battle has emerged over a new set of 10% global tariffs Trump issued under a different law after his Supreme Court loss.

Most tariff refunds facing denial if importers don’t opt in

The agency has previously said that it will reject non-electronic refund requests