More than $130bn (€111bn) in tariffs and by some estimates as much as $175bn (€150bn) could now be at stake after a U.S. appeals court moved to fast-track the question of refunds following the Supreme Court’s landmark ruling against President Donald Trump’s trade measures, EuroNews reported. In a concise one-page order on Monday, the U.S. Court of Appeals for the Federal Circuit in Washington remanded the matter immediately to the U.S.
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British and U.S. regulators are divided over how to ​test blockchain-based versions of financial securities, with Britain pushing for a more cautious approach in talks aimed ‌at boosting crypto collaboration, Reuters reported. The U.S. and Britain announced in September a taskforce for reducing regulation for companies seeking to access each other’s markets and to improve digital asset cooperation. The split shows how financial regulators globally have to contend with a pro-crypto U.S. under President Donald Trump. The ​U.S. has eased crypto regulation and encouraged cryptocurrency adoption.
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Mexico remained the United States’ largest trading partner for the third consecutive year in 2025, with two-way commerce reaching a record $872.83 billion, Freight Waves reported. Trade between the two countries increased 3.9% year over year, rising from $840 billion in 2024 to $872.83 billion in 2025, according to a WorldCity analysis of the latest U.S. Census Bureau data. It marks the highest annual trade total the U.S. has ever recorded with any nation for the second consecutive year. Canada ranked second among U.S.
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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.
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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.
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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.
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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.
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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.
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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.
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