#trade-deficit
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 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
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,
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,
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
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









