In middle of trade war, importers hold more cash and move inventory off the books
“Companies that are bringing in goods under a higher tariff can move that inventory off their books by having a third party, such as a bank, pay for the inventory, making the third party the beneficial cargo owner, storing the goods on the importer’s behalf. The importer then pays the third party for the product and storage on an agreed timeline.”
[CNBC]
Trump threatens 100% tariffs on Russian export buyers
“They could take an especially heavy toll on countries that rely on Russian fossil fuels as part of their energy plan, like China, India, Brazil and Türkiye.”
[CNBC]
WTO overhaul targets fairer trade, easier decision-making to end paralysis
“One document showed WTO members are aiming to streamline decision-making processes, promote fairer industrial policies including subsidies, and review the privileges of developing countries.”
[Reuters]
Brazil enacts law enabling economic retaliation after U.S. tariffs
“Authorized retaliations include additional import tariffs and the suspension of patent rights and other trade obligations. The government is reportedly considering measures targeting the pharmaceutical and audiovisual sectors, aiming to impact U.S. companies without triggering domestic inflation.”
[Courthouse News Service]
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