In the days since the US Supreme Court declared most of President Donald Trump’s global tariffs illegal, more than 100 companies filed new lawsuits, underscoring widespread concerns that the administration won’t readily refund the billions of dollars it’s already collected, Bloomberg News reported. Public companies and household names are joining the clamor. FedEx Corp. filed suit on Monday, followed by Dyson Inc., Dollar General Corp., Bausch & Lomb Inc., Brooks Brothers, and Sol de Janeiro USA Inc. Units of cosmetic giant L’Oreal SA and shoe companies On Holding AG and Skechers USA Inc.

Wall Street's top regulator on Friday said it had adopted ‌final rules requiring disclosures of shareholdings ‌and transactions by directors and officers of foreign companies traded ​in the United States, something Congress had mandated late last year, Reuters reported. The move adds to an apparently tightening regulatory environment for foreign companies in the ‌United States. Last ⁠year, the U.S.

U.S. tariffs have rerouted trade, but not dented it as much as feared, allowing larger-than-expected economic growth in certain developing markets, the European Bank for Reconstruction and Development said on Thursday, Reuters reported. Growth in the 41 countries covered by the development finance institution rose by a larger-than-forecast 3.4%, but the bank warned that continued trade turmoil could yet derail growth in some of the economies.

The U.S. is moving to sever a small Swiss bank from access to the U.S. financial system for its alleged support for Iranian and Russian actors, as U.S. and Iranian officials hold indirect talks Thursday in Geneva over Tehran’s nuclear negotiations, the Associated Press reported. Treasury’s Financial Crimes Enforcement Network proposed a federal regulation Thursday that, if finalized, would prohibit U.S. institutions from doing business with MBaer Merchant Bank AG, which has no relation to the larger Swiss bank Julius Baer. The bank is accused of funneling over $100 million through the U.S.

China said on Wednesday it had already met obligations linked to Washington's Section 301 unfair trade practices statute, after the U.S. Trade Representative signalled he would continue investigations that could lead to more tariffs, Reuters reported. Beijing made an agreement with the United States linked to that statute in 2020, a spokesperson from China's Commerce Ministry said. China hoped the U.S. would not "shift responsibility" or "provoke trouble" but will instead see that the agreement had been implemented, the spokesperson added in a statement. U.S.

Peter Kyle, the Business Secretary, has said he is confident Britain’s trade deal with the US still stands after Donald Trump’s 10pc global tariffs took effect, The Telegraph reported. “I can say with some confidence... that the [deal] that we have negotiated,” Mr Kyle told a parliamentary committee.

Sen. Richard Blumenthal (D-Conn.) has opened a preliminary inquiry into Binance following reports that the cryptocurrency exchange allowed $1.7 billion in transactions tied to Iranian entities and Russia’s sanctions-evading oil trade, Decrypt.com reported. The probe follows reporting by The Wall Street Journal alleging that internal Binance investigators uncovered transfers from accounts on the platform to intermediaries connected to Iran, including entities linked to the Islamic Revolutionary Guards Corps and Yemen’s Houthi militants.

The United States began collecting a temporary new 10% global import tariff on Tuesday but the Trump administration was working to increase it to 15%, a White House official said, sowing confusion over President Donald Trump's tariff policies in the wake of last week's Supreme Court defeat, Reuters reported. Trump initially signed an order on Friday for a 10% tariff to last 150 days to replace broad duties under an emergency law that were struck down by the Supreme Court, but on Saturday, he said that he would increase the rate to 15%.

Wall Street stocks declined on Monday after the European Union delayed a trade deal with the U.S. after Donald Trump said he would impose new blanket 15pc global tariffs, The Telegraph reported. The tech-heavy Nasdaq Composite and the S&P 500 both shed 1.2pc, while the Dow Jones industrial Average fell 1.5pc. The European Parliament’s trade committee had been due to vote on Tuesday about whether to adopt a deal that would have lowered duties on both sides of the Atlantic. However, the plan has been thrown into disarray after the Supreme Court struck down swathes of the U.S.

China is closely monitoring U.S. policies and will decide "in due course" whether to adjust countermeasures to U.S. tariffs, a commerce ministry official said on Tuesday after President Donald Trump said he would levy a new temporary tariff of 15% on U.S. imports from all countries, Reuters reported. China is willing to hold frank consultations during an upcoming sixth round of U.S.-China economic and trade talks, the commerce ministry official added. "China has consistently opposed all forms of unilateral tariff measures and urges the U.S.