US Trade Court questions Trump’s legal authority for 10% global tariffs
A US federal trade court panel has raised serious doubts about the legality of President Donald Trump's 10% tariff on most imports, questioning whether the country's trade deficit alone justifies such sweeping duties. During a hearing on Friday,
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US imposes 100% tariff on imported branded pharmaceuticals, lower rates for EU, UK, Japan and Korea (Rep.)
US President Donald Trump has signed an executive order imposing sweeping tariffs on imported patented pharmaceuticals, with rates reaching 100% for most products not manufactured domestically. The measure, formalised through a proclamation issued
See MoreUS: Trump threatens 50% tariffs on countries supplying weapons to Iran
US President Donald Trump announced on 8 April 2026, that the US will impose a 50% tariff on all goods imported from any country that supplies military weapons to Iran, despite losing his broadest tariff power earlier this year when the Supreme
See MoreUS: Trump Administration reportedly considering simplification of steel, aluminium tariff system
The Trump Administration is reportedly preparing to overhaul its tariff structure for steel and aluminium products, aiming to ease the compliance burden on importers while maintaining protections for domestic manufacturers. Under the planned
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Netherlands introduces ‘Freedom Contribution’ in 2026 Spring Memorandum
The Dutch Government has published the Spring Memorandum 2026, updating the 2026 budget and outlining forward-looking plans, including a range of tax measures. Key provisions reflect those agreed in the Coalition Agreement for 2026–2030, released
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EU: Parliament approves tariff framework for USÂ trade agreement, ensures American compliance
The European Parliament announced on 26 March 2026 that its members endorsed their position on two proposals covering tariff arrangements under the EU-US Turnberry trade deal. The agreement, reached in summer 2025, aims to remove most tariffs on
See MoreEU ends customs duty exemption for low-value shipments
Starting 1 July 2026, new customs regulations will eliminate duty exemptions for goods imported into the European Union in shipments valued up to EUR 150. The Official Journal of the EU published Council Regulation (EU) 2026/382, dated 11
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Italy to revise 2026 budget law delaying import fee, clarifying VAT rules, easing hyper-depreciation criteria
Italy’s Ministry of Economy and Finance announced on 12 March 2026 that it will soon issue legislative changes to the 2026 Budget Law (Law No. 199 of 30 December 2025), targeting key aspects of tax and customs policy. The planned changes will
See MoreUS launches trade investigations to restore tariff leverage after court setback
The Trump administration announced two new trade investigations on 11 March 2026, targeting unfair trade practices and forced labour as it seeks to rebuild tariff pressure following the US Supreme Court's dismantling of Trump's tariff program in
See MoreEuropean Parliament updates analysis on economic impact of US tariffs on the EU
The European Parliament has released an updated briefing on 5 March 2026, examining the economic, financial, and monetary impacts of US tariffs on the EU. This briefing provides an overview of the economic, financial, and monetary implications of
See MoreEU confident US will honour bilateral trade deal despite new tariffs
European Union Trade Commissioner Maros Sefcovic expressed confidence on Thursday, 5 March 2026, that the US will uphold last year's trade agreement between the two partners, citing reassurances from American officials. President Donald Trump's
See MoreUS: Court orders refund of tariffs following Supreme Court ruling
Judge Richard K. Eaton of the United States Court of International Trade issued an order on 4 March 2026, requiring US Customs and Border Protection to refund duties collected under Executive Orders issued through the International Emergency
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Canada launches consultations to strengthen automotive remission framework
Canada’s Department of Finance, in a news release on 27 February 2026, announced that it launched consultations on potential ways to strengthen Canada’s automotive remission framework by further incentivising companies to produce and invest in
See MoreUS: Appeals Court fast tracks Trump tariff refund case
A US federal appeals court has accelerated the legal process that could determine how over USD 130 billion will be refunded to importers following the Supreme Court's decision to invalidate President Trump's tariffs. On Monday, 2 March 2026, the
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Brazil: GECEX partially reverses import duties on IT, capital goods
Brazil's Executive Committee of Foreign Commerce (GECEX) has partially reversed recent import duty hikes with the publication of Resolution No. 866 on 27 February 2026. The resolution restores the import tariff on 15 IT products, including
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Colombia threatens 50% tariff hike on Ecuador amid escalating trade, border dispute
Colombia said it will propose raising tariffs on certain Ecuadorean goods from 30% to 50% in response to Ecuador’s move to increase tariffs on Colombian imports from 1 March. Commerce Minister Diana Marcela Morales said the proposal targets 73
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IMF press briefing on US economy looks at tax and trade issues
On 25 February 2026 the IMF held a press briefing to discuss the issues raised by the article IV report on the US economy. The IMF emphasised that the US economy will continue to grow strongly in 2026 and 2027. US private sector entrepreneurs and
See MoreIMF Report on US Recommends Tax and Duty Changes
On 25 February 2026 the IMF issued a report following consultations with the US under Article IV of the IMF’s articles of agreement. The IMF notes that the US economy performed well in 2025 and economic growth reached 2.2% by the end of 2025.
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