In April 2025, a significant legal challenge emerged, targeting the sweeping tariffs imposed by the Trump administration. These tariffs, affecting imports from numerous countries, were justified under the International Emergency Economic Powers Act. This law has never been used for such a purpose before. If successful, this lawsuit could lead to the removal of these ...
The recent push for heavy import taxes by a certain U. S. president has sparked a lot of talk. This leader sees tariffs as a way to even the playing field in global trade. He believes they can make other countries lower their own taxes on U. S. goods. Some even call it a "Liberation Day" from foreign manufacturing. But let's think about this. Tariffs are a form of p...
The upcoming April 2nd event, dubbed "liberation day, " is all about tariffs. This is not just about raising prices on goods from other countries. It's also about finding ways to make money for tax cuts. This is why the president is looking at different laws to make his tariff plan stronger. One idea is to use a law called Section 301 to investigate trading partne...
Businesses across the U. S. are feeling the heat from President Trump's unpredictable trade policies. Take Marc Rosenberg, for example. He's the brains behind The Edge Desk, a company in Illinois that's all set to launch a high-end ergonomic chair. The catch? He's not sure how much to sell it for, or even how many to bring in from China. Why the hesitation? Blame it ...
US shoppers are faced a surprise with some purchases online. The prices went up, and some products were nowhere to be found on two gigantic ecommerce platforms, Shein and Temu. These two sites, owned by China, make the shopping convenient for some consumers. As of this year Donald Trump made and then re ordered important tax laws and caus...
Trump’s third week as the president was packed with lots of international drama, bureaucratic turmoil and controversy surrounding Elon Musks' role in the government. All action started with Trump’s tariff ban on goods coming from Mexico and Canada, but politicians and the public spoke up against it. Some countries resorts countermeasures. The US and Mexico...
Ever noticed how much power tiny semiconductors hold? Well, the United States has just taken big steps to keep this power out of China's hands. On Monday, the U. S. government announced new rules that make it illegal to send certain semiconductor tech to China. This is all part of the Biden administration's plan to stop China from making advanced weapons and AI syste...
You know those super-cheap Ikea prices that make us all happy? Well, they might not stay that way. The boss of the company that runs most Ikea stores says tariffs, like the ones Donald Trump wants to put on goods from Mexico, Canada, and China, make it tough to keep prices low. He's worried these tariffs could end up costing customers more. Most of Ikea's stuff is m...
Ever wondered how international trade finance started? Let's hop back in time to the Middle Ages. Back then, trade finance was a local affair, with merchants and bankers creating their own unique financial tools. Picture this: a merchant in Italy might use a different method than one in China. As trade centers like Antwerp, Amsterdam, and London grew, local standards...
Ever since the Middle Ages, international trade finance has been a key part of global business. It all started with local merchants and bankers creating their own unique financial assets. Over time, this system became more centralized, with leading trading centers like Antwerp, Amsterdam, and London setting standards for trade credit instruments. By the 19th century,...