Photos: A look at global trade
President Donald Trump has made global trade a huge issue in his second term.
FILE - Swiss chocolate bars from the brands Favarger, Villars, Cailler and Swiss-Dream are photographed in a souvenir shop window on Thursday, April 10, 2025, in Geneva. (Martial Trezzini/Keystone via AP)
FILE - Watches in the Omega shop window at the Bahnhofsstrasse in Zuerich, Switzerland, on Thursday, April 10, 2025. (Til Buergy/Keystone via AP)
FILE - An employee at On tidies up sports shoes from the On sports brand in the On store on Wednesday, Jan. 22, 2025, at On's headquarters in Zurich. (Gaetan Bally/Keystone via AP)
A container is loaded on a truck at the Civitavecchia Harbour, Italy, Thursday, Aug. 7, 2025. (AP Photo/Gregorio Borgia)
A man works at a leather factory at Dharavi in Mumbai, India, Thursday, Aug. 7, 2025. (AP Photo/Rajanish Kakade)
Vehicles for export are parked at a port in Pyeongtaek, South Korea, Thursday, Aug. 7, 2025. (AP Photo/Ahn Young-joon)
An Indian customer, reflected on a mirror, tries a gold necklace at a jewelry shop in Lucknow, India, Thursday, Aug. 7, 2025. (AP Photo/Rajesh Kumar Singh)
An employee sorts medicines in a medicine wholesale shop in Guwahati, India, Thursday, Aug. 7, 2025. (AP Photo/Anupam Nath)
Trucks navigate along stacks of containers at the Manila North Harbour Port in Manila, Philippines on Thursday, Aug. 7, 2025. (AP Photo/Aaron Favila)
A truck navigates along stacks of containers at the Manila North Harbour Port in Manila, Philippines on Thursday, Aug. 7, 2025. (AP Photo/Aaron Favila)
An employee holds U.S. dollar notes at a money changer in Jakarta, Indonesia, Thursday, Aug. 7, 2025. (AP Photo/Tatan Syuflana)
A man watches stock prices displayed on an electronic board at the Indonesia Stock Exchange in Jakarta, Indonesia, Thursday, Aug. 7, 2025. (AP Photo/Tatan Syuflana)
A crane works on stacks of containers at the Bangkok Port in Bangkok, Thailand, Wednesday, Aug. 6, 2025. (AP Photo/Sakchai Lalit)
A crane unloads a shipping container from a truck at IPC Container Terminal at Tanjung Priok Port in Jakarta, Indonesia, Wednesday, Aug. 6, 2025. (AP Photo/Achmad Ibrahim)
A worker waits for customers at Roopam Sarees, which sells clothing imported from India, on Thursday, July 31, 2025, in Berkeley, Calif. (AP Photo/Noah Berger)
Sen. Minority Leader Chuck Schumer of N.Y., speaks during a news conference on tariffs on Capitol Hill, Thursday, July 31, 2025, in Washington. (AP Photo/Mariam Zuhaib)
Cargo containers line a shipping terminal at the Port of Oakland on Thursday, July 31, 2025, in Oakland, Calif. (AP Photo/Noah Berger)
A worker assembles steel decking in the construction of a housing project, Thursday, July 31, 2025, in Portland, Maine. (AP Photo/Robert F. Bukaty)
A welder works on steel decking during construction of a housing project, Thursday, July 31, 2025, in Portland, Maine. (AP Photo/Robert F. Bukaty)
New cars are parked in a lot at the International Car Operators terminal in the Port of Zeebrugge, Belgium, Thursday, July 31, 2025. (AP Photo/Virginia Mayo)
The Atlantic Navigator II departs from the Port of Baltimore, Thursday, July 31, 2025, in Baltimore. (AP Photo/Stephanie Scarbrough)
A South Korean protester holds up a banner during a rally against U.S. President Donald Trump's tariffs policy on South Korea, near the U.S. Embassy in Seoul, South Korea, Wednesday, July 30, 2025. The signs at bottom read "We can't give you a penny." (AP Photo/Ahn Young-joon)
Workers prep bulk bags of sugar to be loaded on a container ship at the port of Santos, Brazil, Tuesday, July 29, 2025. (AP Photo/Andre Penner)
Workers load a truck with the last boxes filled with clothes from the empty Tzicc clothing factory following the threat of U.S.-imposed tariffs in Maseru, Lesotho, Tuesday, July 22, 2025. (AP Photo/Bram Janssen)
A sewing machine is covered by a sheet inside the empty Tzicc clothing factory following the threat of U.S.-imposed tariffs in Maseru, Lesotho, Tuesday, July 22, 2025. (AP Photo/Bram Janssen)
A woman works in a Celine shop, Monday, July 28, 2025 in Paris. (AP Photo/Thomas Padilla)
Customers and influencers try on new Korean perfume during a workshop at Senti Senti in New York on Friday, July 25, 2025. (AP Photo/Yuki Iwamura)
A worker tends to plants inside a greenhouse at the Veggie Prime tomato farm, which exports to the United States, in Ajuchitlan, Mexico, Wednesday, July 23, 2025. (AP Photo/Marco Ugarte)
FILE - President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House, on April 2, 2025, in Washington. (AP Photo/Mark Schiefelbein, File)
FILE - A view of Gruy're AOP cheese wheels in the Gruy're AOP maturing cellars of Fromco, part of the Emmi Group, on Tuesday, May 6, 2025 in Moudon in the canton of Vaud. (Jean-Christophe Bott/Keystone via AP)
The announcement came after he signed an executive order to place an additional 25% tariff on India for its purchases of Russian oil.
President Donald Trump extended a trade truce with China for another 90 days Monday, at least delaying once again a dangerous showdown between the world’s two biggest economies.
The de minimis rule, a customs exemption for international shipments worth $800 or less, is a big deal for many shoppers and businesses.
But the court left the import taxes in place for now, allowing his administration time to appeal to the Supreme Court.
As Congress returns to Washington after a monthlong August recess, they will have to find a way to work with Democrats or around them as a government shutdown looms.
The small businesses and states that challenged the tariffs in court also agreed to the accelerated timetable.Â
As Republicans reject Democratic demands for health care funds, there's no sign of a break in the impasse.
Wednesday's decision brings the Fed's key rate down to about 3.9%, from about 4.1%.
The move comes after voters in elections this month cited economic concerns as their top issue, resulting in big wins for Democrats.
In July, Trump imposed the extra tariff, citing among other reasons the trial of his ally, former President Jair Bolsonaro.
The U.S. Commerce Department launched what it says was a routine antidumping review that could lead to 107% tariffs on Italian pasta.
As the crucial annual holiday shopping season kicks off, getting rid of the "de minimis" exemption has put a crimp on small businesses and shoppers now facing higher costs.
Few Americans were exposed as exhaustively to every fluctuation of trade policy as customs brokers.
Nearly three months elapsed since arguments in the closely watched case, and the court isn't scheduled to meet for more than three weeks.
The resolution seeks to end the national emergency Trump declared to impose the tariffs.
It would be an increase from the 10% he announced a day earlier after the high court's ruling.
The economy is growing but hardly "roaring," and some price measures show inflation remains stubbornly elevated.
The ruling offers some clarity about the tariff refund process, something the Supreme Court did not mention in its Feb. 20 decision.
Trump and his team made it clear they seek to replace billions in lost revenues by using different laws to establish new tariffs.
