Imports

U.S. Supreme Court curbs Trump’s tariff powers, teeing up potential $175 billion in refunds The U.S. Supreme Court on Thursday ruled 6-3 that President Donald Trump exceeded his authority by imposing sweeping “reciprocal” tariffs under the International Emergency Economic Powers Act, a decision that curbs the White House’s latitude on trade and could trigger tens of billions of dollars in refunds to importers. Writing for the conservative-majority court, the justices concluded that IEEPA “does not authorize the president to…

Trump announces U.S.-India trade deal slashing tariffs to 18%, tied to cuts in Russian oil purchases President Donald Trump said he has agreed to a trade deal with India that will cut U.S. tariffs on Indian goods to 18% from 50%, in exchange for New Delhi lowering trade barriers, curbing purchases of Russian oil and increasing energy buys from the United States — and potentially Venezuela. In a social media post after a call with Indian Prime Minister Narendra Modi, Trump said the United States would reduce its “reciprocal”…

China suspended imports of Irish beef after authorities confirmed an outbreak of the bluetongue virus in County Wexford, a setback for exporters barely two weeks after the Chinese market reopened to Irish meat. The Department of Agriculture said it notified Beijing of the confirmed cases, and that Chinese authorities “subsequently informed us that they have suspended the acceptance of Irish beef exported from Ireland with effect from 27 January 2026.” Minister Heydon described the move as a temporary measure. “As with all…

Trump threatens 200% tariff on French wine to pressure Macron into joining ‘Board of Peace’ as Europe braces for wider rift U.S. President Donald Trump said he will impose a 200% tariff on French wines and champagne, a bid to pressure President Emmanuel Macron to join his proposed “Board of Peace,” as tensions with Europe deepened over the initiative and Trump’s renewed push to acquire Greenland. “Did he say that? Well, nobody wants him because he will be out of office very soon,” Trump said when told Macron would not…

Ethiopia’s fuel stream shifts focus from Djibouti to Berbera amidst an escalating Horn of Africa power maneuverFILE - A bird’s-eye view of Berbera Port's fuel terminal (upper left) and its freshly-expanded container terminal (foreground), a crucial lynchpin for regional commerce in the Horn of Africa, including Ethiopia’s potential pivot of fuel imports from Djibouti. (Government of North Western State of Somalia)Mogadishu (AX) —  Ethiopia is mulling over rerouting its fuel imports from Djibouti to North Western State of…