By: The Trek News Desk The United States Customs and Border Protection (CBP) has announced that it will stop collecting tariffs imposed under the International Emergency Economic Powers Act (IEEPA) starting 12:01 a.m. EST on February 24, 2026. The move comes three days after the Supreme Court of the United States declared the duties unlawful….
By: The Trek News Desk In a significant development for India-US trade ties, the United States has reduced the import tariff on Indian goods to 10%, down from the earlier 18%. The decision follows a recent ruling by the Supreme Court of the United States that struck down the sweeping tariffs previously imposed by President…
By: The Trek News Desk In a significant blow to President Donald Trump, the U.S. Supreme Court has invalidated his sweeping global tariff policy, ruling that it exceeded presidential authority. In a 6-3 decision, the court determined that the administration improperly relied on a 1977 national emergency statute to impose wide-ranging import duties. The legal…
By: The Trek News Desk The United States and Indonesia have concluded extensive trade negotiations, reaching a landmark agreement that reduces U.S. tariffs on Indonesian goods from 32% to 19%. The deal, finalised under the administration of U.S. President Donald Trump, is being described as a significant economic breakthrough for both nations. According to the…
By: The Trek News Desk US President Donald Trump’s warning to impose fresh tariffs on several European countries over their opposition to his proposal to bring Greenland under American control has triggered sharp criticism across Europe. Senior European leaders have described the move as wrong, unjustified and contrary to international law. President Trump announced that…
By: The Trek News Desk China’s export sector posted a stronger-than-expected performance in November, buoyed by a surge in demand from non-US markets. With President Donald Trump’s steep tariffs restricting Chinese access to the American market, exporters have increasingly turned toward Southeast Asia, the European Union and Australia, a strategy that appears to be paying…
By: The Trek News Desk Indian stock markets witnessed a sharp selloff on Friday, triggered by aggressive selling from foreign institutional investors (FIIs) and widespread panic among retail participants. The combination of global trade concerns and political uncertainty sent shockwaves through Dalal Street, leading to steep losses across the board. Trump’s Tariff Shock Jolts Markets…
