If the ruling is upheld it could mean the Trump administration will have to reimburse the substantial import duties already collected. (AI image) What will happen if the US trade court ruling against American President Donald Trump’s reciprocal tariffs is upheld? If that happens, it could necessitate the Trump administration to refund billions in import…
President Trump’s shake-up of the global trade system has sent tremors through the long-held view that the United States is the source of the world’s safest financial assets. That’s created an opportunity for Europe. The market tumult in which investors simultaneously sold off the U.S. dollar, American stocks and U.S. Treasury bonds eased last week…
When the environmental group Greenpeace lost a nearly $670 million verdict this month over its role in oil pipeline protests, a quarter-billion dollars of the damages were awarded not for the actual demonstrations, but for defaming the pipeline’s owner. The costly verdict has raised alarm among activist organizations as well as some First Amendment experts,…
Akhilesh Yadav (File photo) NEW DELHI: The Samajwadi Party supremo Akhilesh Yadav on Sunday launched a sharp critique of the BJP-led central government, questioning their repeated promise of making India a $5 trillion economy. He also indirectly took a jab on BJP’s ‘double engine’ governments, wondering aloud whether one of the engines is ‘foreign’.In his…
US President Donald Trump said he expects Elon Musk to find billions of dollars of fraud and abuse at the Pentagon during an audit that the billionaire will lead. “I’m going to tell him very soon, like maybe in 24 hours, to go check the Department of Education. Then I’m going to go, go to…
If effort could be measured in straight dollars and cents, no baseball team in the last quarter century has tried harder to defend a World Series championship than the Los Angeles Dodgers. It has been 25 years since a team has won back-to-back titles. But in an effort to end that drought, the reigning champions…
The Canadian government is preparing billions of dollars in retaliatory measures on U.S. exports to Canada if President-elect Donald J. Trump makes good on a threat to impose tariffs on Canadian goods, setting up a potential showdown between two countries that are each other’s largest trading partners. Canada is assembling a list of measures, including…