Category: Latest Articles

Trade attorneys say the volume of cases seeking refunds for tariffs already imposed – more than 1,800 already – will likely surge after Supreme Court justices rejected the legal rationale behind an estimated $175bn in U.S. customs revenue since last April. The court ruled on Friday that President Donald Trump lacked authority to impose tariffs…

The U.S. International Trade Commission (ITC) has opened an investigation into automotive rules of origin under the United States-Mexico-Canada trade agreement (USMCA) to assess “impact on the U.S. economy,” competitiveness, and how the rules fit “recent technology changes.” USMCA requires 75% North American content for duty-free U.S. access, plus labor value rules requiring 40% of…

Edison International has announced a 40% reduction in executive bonuses in the light of the severe consequences of a Los Angeles-area wildfire that resulted in 19 fatalities and significant damage to over 10,000 structures. The decision comes after the company faced scrutiny for its role in the Eaton Fire, which lasted nearly four weeks in…

Eli Lilly plans to transform India into a key hub for its global supply chain, backed by a $1bn investment in contract manufacturing, as the sales of its weight-loss drug Mounjaro continue to surge. The company has introduced plans to export locally produced medications worldwide while also bringing other products, like the Alzheimer’s drug donanemab,…

Ford Motor CEO Jim Farley spoke with senior Trump administration officials last month about a potential framework in which Chinese automakers could build cars in America while offering some protection for domestic companies, according to people familiar with the discussions. The automaker’s talks generally about China with the administration have consistently emphasized “the need to…