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US refunds $22B in customs duties after Supreme Court ruling

Treasury Refunds $22 Billion in Customs Duties The U.S. Treasury Department announced on Wednesday, June 10,2026 that it refunded $22 billion in customs duties during May, marking the first major round of repayments after the Supreme Court struck down President Donald Trump’s global tariff programme. The amount refunded matched the customs duties collected over the same period, effectiv

US News

10 Jun 2026 21:49 PM 5 views

US refunds $22B in customs duties after Supreme Court ruling

Treasury Refunds $22 Billion in Customs Duties The U.S. Treasury Department announced on Wednesday, June 10,2026 that it refunded $22 billion in customs duties during May, marking the first major round of repayments after the Supreme Court struck down President Donald Trump’s global tariff programme. The amount refunded matched the customs duties collected over the same period, effectiv

US News

Dollar decline creates double-edged sword for US economy

The U.S. dollar has continued its recent decline, extending a trend that presents both opportunities and challenges for the American economy. President Donald Trump described the currency as “doing great,” reflecting his view that a moderately weaker dollar can provide strategic benefits in international trade. Despite this optimism, economists warn that the weakening greenback represents a “double-edged sword,” offering advantages to exporters while introducing risks related to inflatio

Finance & Economics

28 Jan 2026 12:56 PM 333 views

Dollar decline creates double-edged sword for US economy

The U.S. dollar has continued its recent decline, extending a trend that presents both opportunities and challenges for the American economy. President Donald Trump described the currency as “doing great,” reflecting his view that a moderately weaker dollar can provide strategic benefits in international trade. Despite this optimism, economists warn that the weakening greenback represents a “double-edged sword,” offering advantages to exporters while introducing risks related to inflatio

Finance & Economics

China Signals Willingness to Ease Trade Barriers Amid Soaring $100 Billion Deficit with India

China has indicated a willingness to address India’s rising concerns over a ballooning trade deficit that is projected to touch a record $100 billion in the financial year 2024–25. This development comes as China seeks to offset its economic challenges amid intensifying trade friction with the United States. People familiar with the situation have said that Beijing has informally conveyed its openness to increasing imports from India by reducing tariff and non-tariff barriers,

Finance & Economics

12 Apr 2025 09:31 AM 1.27k views

China Signals Willingness to Ease Trade Barriers Amid Soaring $100 Billion Deficit with India

China has indicated a willingness to address India’s rising concerns over a ballooning trade deficit that is projected to touch a record $100 billion in the financial year 2024–25. This development comes as China seeks to offset its economic challenges amid intensifying trade friction with the United States. People familiar with the situation have said that Beijing has informally conveyed its openness to increasing imports from India by reducing tariff and non-tariff barriers,

Finance & Economics

Trump Criticizes India’s “Massive Tariffs” and Confirms India’s Agreement to Reduce Them

US President Donald Trump reiterated his strong criticism of India’s high tariffs on Friday, calling them “massive” and emphasizing that they make it difficult for American businesses to sell products in the Indian market. Trump, addressing reporters at the White House, stated that India has now agreed to reduce these tariffs significantly, following continuous pressure and public scrutiny from his administration."India charges us massive tariffs. Massive. You can't

Business

08 Mar 2025 01:09 AM 1.36k views

Trump Criticizes India’s “Massive Tariffs” and Confirms India’s Agreement to Reduce Them

US President Donald Trump reiterated his strong criticism of India’s high tariffs on Friday, calling them “massive” and emphasizing that they make it difficult for American businesses to sell products in the Indian market. Trump, addressing reporters at the White House, stated that India has now agreed to reduce these tariffs significantly, following continuous pressure and public scrutiny from his administration."India charges us massive tariffs. Massive. You can't

Business

Union Government’s Fiscal Deficit Reaches 46.5% of Target by October 2024

As of October 2024, the Union government's fiscal deficit for the financial year 2024-25 stands at 46.5% of the total budgetary target, amounting to Rs 7.5 lakh crore. This is in line with the government's fiscal consolidation strategy, which aims to bring down the fiscal deficit to 4.9% of GDP for the year, an improvement from the previous fiscal year's target of 5.6%. The fiscal deficit gap, which represents the difference between government expenditure and revenue, is

Finance & Economics

29 Nov 2024 07:07 AM 1.64k views

Union Government’s Fiscal Deficit Reaches 46.5% of Target by October 2024

As of October 2024, the Union government's fiscal deficit for the financial year 2024-25 stands at 46.5% of the total budgetary target, amounting to Rs 7.5 lakh crore. This is in line with the government's fiscal consolidation strategy, which aims to bring down the fiscal deficit to 4.9% of GDP for the year, an improvement from the previous fiscal year's target of 5.6%. The fiscal deficit gap, which represents the difference between government expenditure and revenue, is

Finance & Economics

Articles

Mohsin Naqvi Congratulates India, But Refuses Trophy Handover

Shastri and Ponting Back Pakistan to be Dangerous in ICC Champions Trophy

Online scams are on the rise: Learn about the latest tricks fraudsters are using to identify frauds and protect yourself

Santa Cruz boat owners rush to protect vessels after tsunami advisory issued

KCR Issues Warning to Congress Leaders Amidst Criticism and Accusations

Snack Prices Rise as Palm Oil and Potato Costs Soar

Bird Flu Crisis: NY Poultry Markets to Close for Disinfection Amid Outbreak

British Special Forces in Afghanistan: Allegations of War Crimes and Cover-Up

Louisiana parade crash injures 18 during Lao New Year celebration

Nirmala Sitharaman's Remarks on Work Pressure Spark Outrage Following CA's Tragic Death

#deficit

US refunds $22B in customs duties after Supreme Court ruling

US refunds $22B in customs duties after Supreme Court ruling

Dollar decline creates double-edged sword for US economy

Dollar decline creates double-edged sword for US economy

China Signals Willingness to Ease Trade Barriers Amid Soaring $100 Billion Deficit with India

China Signals Willingness to Ease Trade Barriers Amid Soaring $100 Billion Deficit with India

Trump Criticizes India’s “Massive Tariffs” and Confirms India’s Agreement to Reduce Them

Trump Criticizes India’s “Massive Tariffs” and Confirms India’s Agreement to Reduce Them

Union Government’s Fiscal Deficit Reaches 46.5% of Target by October 2024

Union Government’s Fiscal Deficit Reaches 46.5% of Target by October 2024

Mohsin Naqvi Congratulates India, But Refuses Trophy Handover

Shastri and Ponting Back Pakistan to be Dangerous in ICC Champions Trophy

Online scams are on the rise: Learn about the latest tricks fraudsters are using to identify frauds and protect yourself

Santa Cruz boat owners rush to protect vessels after tsunami advisory issued

KCR Issues Warning to Congress Leaders Amidst Criticism and Accusations

Snack Prices Rise as Palm Oil and Potato Costs Soar

Bird Flu Crisis: NY Poultry Markets to Close for Disinfection Amid Outbreak

British Special Forces in Afghanistan: Allegations of War Crimes and Cover-Up

Louisiana parade crash injures 18 during Lao New Year celebration

Nirmala Sitharaman's Remarks on Work Pressure Spark Outrage Following CA's Tragic Death

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Mohsin Naqvi Congratulates India, But Refuses Trophy Handover

Shastri and Ponting Back Pakistan to be Dangerous in ICC Champions Trophy

Online scams are on the rise: Learn about the latest tricks fraudsters are using to identify frauds and protect yourself

Santa Cruz boat owners rush to protect vessels after tsunami advisory issued

KCR Issues Warning to Congress Leaders Amidst Criticism and Accusations

Snack Prices Rise as Palm Oil and Potato Costs Soar

Bird Flu Crisis: NY Poultry Markets to Close for Disinfection Amid Outbreak

British Special Forces in Afghanistan: Allegations of War Crimes and Cover-Up

Louisiana parade crash injures 18 during Lao New Year celebration

Nirmala Sitharaman's Remarks on Work Pressure Spark Outrage Following CA's Tragic Death

#deficit

US refunds $22B in customs duties after Supreme Court ruling

US refunds $22B in customs duties after Supreme Court ruling

Dollar decline creates double-edged sword for US economy

Dollar decline creates double-edged sword for US economy

China Signals Willingness to Ease Trade Barriers Amid Soaring $100 Billion Deficit with India

China Signals Willingness to Ease Trade Barriers Amid Soaring $100 Billion Deficit with India

Trump Criticizes India’s “Massive Tariffs” and Confirms India’s Agreement to Reduce Them

Trump Criticizes India’s “Massive Tariffs” and Confirms India’s Agreement to Reduce Them

Union Government’s Fiscal Deficit Reaches 46.5% of Target by October 2024

Union Government’s Fiscal Deficit Reaches 46.5% of Target by October 2024

Mohsin Naqvi Congratulates India, But Refuses Trophy Handover

Shastri and Ponting Back Pakistan to be Dangerous in ICC Champions Trophy

Online scams are on the rise: Learn about the latest tricks fraudsters are using to identify frauds and protect yourself

Santa Cruz boat owners rush to protect vessels after tsunami advisory issued

KCR Issues Warning to Congress Leaders Amidst Criticism and Accusations

Snack Prices Rise as Palm Oil and Potato Costs Soar

Bird Flu Crisis: NY Poultry Markets to Close for Disinfection Amid Outbreak

British Special Forces in Afghanistan: Allegations of War Crimes and Cover-Up

Louisiana parade crash injures 18 during Lao New Year celebration

Nirmala Sitharaman's Remarks on Work Pressure Spark Outrage Following CA's Tragic Death

Popular Cities