Supreme Court sets Friday as an opinion day, raising prospects of a tariff ruling
“The decision is one of the most anticipated events of the year as it could create refunds for importers, raise questions about the preliminary trade pacts the U.S. has struck, and renew concerns about the fiscal deficit.”
[Barron’s]
U.S.-based multinational companies will be exempt from global tax deal
“The Trump administration in June re-negotiated the deal when congressional Republicans rolled back a so-called revenge tax provision from Trump’s big tax and spending bill that would have allowed the federal government to impose taxes on companies with foreign owners, as well as on investors from countries judged as charging ‘unfair foreign taxes’ on U.S. companies.”
[The Hill]
China slashes hundreds of tariffs in strategic trade war twist
“The list of 935 items reveals a preoccupation with three pillars: technological self-sufficiency, the green transition and public health. Notable additions to the tariff subheadings include ‘intelligent bionic robots’ and ‘bio-aviation kerosene.’”
[Asia Times]
India announces reforms to simplify import checks as it eyes U.S. trade deal
“The reforms on import checks include reduced paperwork, shorter timelines, and fewer inspections for quality approvals, the trade ministry said in a statement.”
[Reuters]
U.S. trade preference for Nepal expires but exports unlikely to be hit hard
“Under the scheme, the US granted duty-free market access for a 10-year period to 77 Nepali products, including 56 textile items, 10 footwear products, nine clothing items and two fodder manufacturing products.”
[The Kathmandu Post]
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