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Trump tariff refund checks begin disbursing this week but most consumers are left out

Trump tariff refund checks begin disbursing this week but most consumers are left out

Tariff refund disbursements are set to begin as early as May 12 after the U.S. Supreme Court voided Trump-era tariffs imposed under the International Emergency Economic Powers Act. The court’s decision effectively makes the federal government liable for more than $166 billion, turning prior collections into reimbursable payments. CBP says 126,237 claims have been submitted via its CAPE portal, with $35.46 billion already finalized. Eligibility is limited to importers of record and customs brokers, leaving consumers excluded despite bearing higher prices.

Summarised by Beize from a story on The Economic Times on 14 May 2026
US appeals court pauses ruling against Trump global tariffs keeping 10 percent payments for now

US appeals court pauses ruling against Trump global tariffs keeping 10 percent payments for now

A US federal appeals court has temporarily halted a decision that said President Donald Trump’s global tariffs are unlawful. For now, importers must keep paying the 10% duties, while the court reviews the administration’s bid to maintain collections during the appeal. The interim order is likely to add cost and planning uncertainty for businesses reliant on imported goods.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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Trump administration appeals court loss over 10 percent global tariffs under 1970s trade law

Trump administration appeals court loss over 10 percent global tariffs under 1970s trade law

The Trump administration has appealed a court decision that rejected its 10% global tariff authority under a 1970s trade law. While the ruling blocked the tariffs for three specific importers, officials say they expect to win on appeal. The setback unfolds as the administration pursues wider tariff moves under a separate trade statute.

Summarised by Beize from a story on The Economic Times on 9 May 2026
EU pushes for investment liberalisation in India FTA and early protection pact conclusion

EU pushes for investment liberalisation in India FTA and early protection pact conclusion

The EU is pressing for an investment liberalisation chapter and an early investment protection pact as India-EU free trade agreement talks near the finish line. European Union Ambassador Herve Delphin said the move aims to shape investment access and safeguards before the FTA is fully finalized, with the broader deal expected to expand trade for both sides.

Summarised by Beize from a story on The Economic Times on 7 May 2026
Gold and silver imports stall in India for five weeks sparking price jumps and shortage fears

Gold and silver imports stall in India for five weeks sparking price jumps and shortage fears

Indian banks are facing an unprecedented five-week standstill in gold and silver imports, leaving domestic prices to surge and jewelers worrying about shortages. Shipments have been hit since April 1 due to administrative hurdles and tax uncertainties. An alternative through the India International Bullion Exchange exists, but it is slower and demands more capital, delaying restocking after Akshaya Tritiya.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Karnataka distillers warn liquor tax plan favors multinationals over local alcohol makers

Karnataka distillers warn liquor tax plan favors multinationals over local alcohol makers

Karnataka’s local alcohol manufacturers have urged Chief Minister Siddaramaiah to revisit a proposed liquor tax system, arguing it tilts benefits toward multinational premium brands while making cheaper local products less competitive. Distillers claim the design of the tax structure could shift consumer demand away from regional players, threatening their business stability and market share.

Summarised by Beize from a story on The Economic Times on 3 May 2026

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India extends minimum import price for virgin multi layer paper board until September 2026

India extends minimum import price for virgin multi layer paper board until September 2026

India has extended the minimum import price (MIP) on virgin multi-layer paper board at ₹67,220 per metric tonne until September 30, 2026, as per an official notification. The policy sets a price floor for imports, aiming to manage market impact and support domestic producers while keeping the protection in place for an additional period.

Summarised by Beize from a story on The Economic Times on 2 May 2026
Trump auto tariff hike could trigger Germany 18 billion output hit economists warn now

Trump auto tariff hike could trigger Germany 18 billion output hit economists warn now

Germany’s economy could take a major hit if Donald Trump follows through on higher US tariffs on European cars and trucks. The Kiel Institute estimates the auto sector may lose about 15 billion euros in output, underscoring how exposed German manufacturers are to US trade swings. Analysts also note Trump has previously backed away from tariff threats.

Summarised by Beize from a story on The Economic Times on 2 May 2026
Carmakers bank on 2.3 billion tariff refunds as Trump backlash looms for auto profits

Carmakers bank on 2.3 billion tariff refunds as Trump backlash looms for auto profits

Car companies are counting on about $2.3 billion in future tariff refunds, lifting first-quarter profits on paper despite uncertainty around when and how the money will actually arrive. The claims trace back to a Supreme Court ruling, but payment processing remains unclear. Automakers also face other headwinds, from Middle East instability to shifting U.S. trade policy that could draw President Trump’s ire.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
India invokes WTO peace clause again for FY25 rice subsidies exceeding limits

India invokes WTO peace clause again for FY25 rice subsidies exceeding limits

India has invoked the WTO peace clause for FY25 rice subsidies for farmers, marking the seventh time it has used the provision. The government says it will provide about $7.6 billion in subsidies, equivalent to 11.85% of the total value of rice production—pushing beyond the usual 10% limit under WTO rules.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026

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Govt weighs cutting 11% cotton import duty to ease textile cost pressures

Govt weighs cutting 11% cotton import duty to ease textile cost pressures

The government is examining whether to reduce or temporarily remove the 11% import duty on cotton. Officials say the intent is to ease cost pressures on domestic textile companies, amid industry concerns about input prices. Discussions are underway with relevant ministries, and no final decision has been announced.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
Piyush Goyal urges using FTAs as exporters demand relief and cheaper shipping

Piyush Goyal urges using FTAs as exporters demand relief and cheaper shipping

Commerce Minister Piyush Goyal met exporters and industry groups to push deeper use of free trade agreements to expand market access. Exporters sought extensions for export obligation timelines and broader trade relief measures, while flagging rising shipping costs and calling for an Indian shipping line. The talks come as India’s goods exports declined in March.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
Piyush Goyal says India has offered no dairy duty cuts under any FTA

Piyush Goyal says India has offered no dairy duty cuts under any FTA

Commerce and Industry Minister Piyush Goyal said India has not provided any tariff or duty concessions for the dairy sector under any free trade agreement to date. His statement covers FTAs with major partners including the European Union, the UK, Australia and New Zealand, signaling that dairy remains protected from preferential tariff reductions.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
India New Zealand FTA Explained tariff cuts services expansion and farm protections for both sides

India New Zealand FTA Explained tariff cuts services expansion and farm protections for both sides

India and New Zealand have signed a major free trade agreement designed to expand bilateral trade in goods, services, and investment. The pact also enables more Indian professionals to work in New Zealand, while keeping sensitive sectors like dairy and agriculture protected through safeguards. Overall, officials expect the deal to significantly boost commerce and mark a new chapter in economic ties.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026

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India signs once in a generation free trade deal with New Zealand after a decade of talks

India signs once in a generation free trade deal with New Zealand after a decade of talks

India and New Zealand have signed a landmark free trade agreement after about a decade of negotiations. The pact opens new routes for trade and investment, giving India duty-free access for multiple exports and expanding opportunities in services. In return, New Zealand secures immediate market access for over half of its exports to India, marking a major shift in bilateral commerce.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
Global hardware firms want delays on India manufacturing as quotas and licenses loom

Global hardware firms want delays on India manufacturing as quotas and licenses loom

Global hardware companies are pushing to extend timelines for setting up local manufacturing in India for laptops, desktops, and tablets. While they aim to capture a fast-growing market, they’re concerned that India’s licensing rules and quota requirements may disrupt or delay investment and operations, forcing companies to rethink rollout schedules.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Engineering exports hit record 122.43 billion in FY26 as support and FTAs drive growth

Engineering exports hit record 122.43 billion in FY26 as support and FTAs drive growth

Indian engineering exports reached a record $122.43 billion in FY25-26, a milestone credited to government support and trade agreements. The sector posted strong growth even as geopolitical tensions and changing trade policies threatened demand. EEPC’s Chadha highlighted the industry’s resilience and ability to adapt quickly to shifting global conditions, keeping momentum strong into FY26.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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