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Non-Tariff Barriers Now Cost More Than Tariffs for 88% of Countries

UNCTAD warned that as the use of NTMs expands further, the gap between developed and developing economies risks widening unless poorer countries receive stronger technical support and regulatory capacity-building assistance. Transparency failures raise hidden trade costs A major concern highlighted in the report is the lack of transparency surrounding non-tariff regulations. UNCTAD said many countries…

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Starting Monday, businesses can claim refunds for Trump’s unconstitutional tariffs

A refund system for businesses that paid tariffs which the U.S. Supreme Court ruled President Donald Trump imposed without the constitutional authority to do so is scheduled to launch Monday. Importers and their brokers will be able to begin claiming refunds through an online portal beginning at 8 a.m., according to U.S. Customs and Border Protection, the…

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