Tag

Importers

All articles tagged with #importers

business2 months ago•4 min saved

Recent Developments in Tariffs, Supreme Court Cases, and Corporate News

The likelihood of tariff refunds for businesses has increased after the Supreme Court questioned the Trump administration's tariffs, raising questions about eligibility and the complex process of refunds, which could involve delays, appeals, and potential involvement of investment banks offering quick cash at a discount. The outcome remains uncertain, with potential for a significant impact on businesses and government revenue.

via CNN|

#business #importers #refunds

business4 months ago•3 min saved

Trump's Tariff Lawsuit Could Lead to Over $200 Billion Refunds for U.S. Businesses

A federal appeals court ruled that President Trump overstepped his authority in imposing tariffs, potentially leading to a $150 billion refund for American businesses that paid these tariffs, though the process to recover the money may involve significant bureaucracy and legal challenges. The case could be escalated to the Supreme Court, which might influence whether refunds are automatic or require additional legal action.

via Fortune|

#business #court-ruling #importers

business5 months ago•6 min saved

Trump's Tariffs Shift Focus to Transshipped Goods and Southeast Asia

The Trump administration has introduced a new, complex tariff system targeting goods that are transshipped through multiple countries, especially from China, with unclear rules causing confusion among importers and supply chain professionals about how these tariffs will be enforced and applied, potentially impacting global supply chains and costs.

via The New York Times|

#business #china #importers

business5 months ago•5 min saved

US Tariffs: Impact on Prices and Business Preparations

As the US trade deadline approaches, importers and customs brokers are anxiously awaiting detailed guidance on new tariffs announced by President Trump, facing complex regulatory changes, software updates, and uncertainty about enforcement, which could impact global trade flows and compliance costs.

via Bloomberg|

#business #customs-regulations #importers

business7 months ago•4 min saved

Small Businesses Feel the Pinch from Trump’s Tariffs

Some US importers affected by Trump's tariffs are seeking refunds, arguing they were unfairly charged higher rates during a trade dispute with China, with legal and political efforts ongoing to potentially recover these costs, though success is uncertain.

via WIRED|

#business #importers #refunds

business-trade2 years ago•0 min saved

Red Sea Diversions and Security Fears Drive Up Shipping Costs

Western importers are facing significant increases in ocean-shipping rates and delays as carriers divert ships from the Red Sea to avoid Houthi rebel attacks in Yemen. This has led to rising prices and extra fees for routing containerships on longer voyages around the Horn of Africa, causing frustration among companies shipping goods on this crucial trade lane.

via The Wall Street Journal|

#business-trade #delays #houthi-rebels

trade2 years ago•2 min saved

"Indian Rice Exports Hit by Postponed Shipments and Imposed Curbs"

India's imposition of a 20% duty on parboiled rice exports has led to the postponement of around 500,000 metric tons of shipments until after mid-October, as buyers and sellers seek to avoid paying the tax. This delay could deplete inventories in importers such as Benin, Ghana, Côte d'Ivoire, and Liberia, and drive up local prices in those countries, which are already at multi-year highs. Indian exporters have raised prices to a record level of $520 to $540 per metric ton, up nearly 40% from last year. Other major rice producers have also raised prices, leaving African buyers to opt for delaying shipments and waiting for price corrections.

via Reuters India|

#duty #importers #india