All posts tagged: Tariff

Israel Benjamin Netanyahu CNBC exclusive interview on Iran war

Israel Benjamin Netanyahu CNBC exclusive interview on Iran war

Published by Sam Flores

Netanyahu blasts ‘fraudulent lies’ in digital information battle Israel is fighting a battle against “horrendously unfair and fraudulent lies,” Netanyahu said. Addressing global criticism of the war, Netanyahu took aim at certain Western television stations and social media outlets, adding that the country must “get better” at fighting what he called the “digital information battle.” “The question is, do you succumb to the lies? No, I protect my people,” he said. “They hate us because we do defend ourselves. What do we do? Stop defending ourselves? Of course not — we have to fight.” — Hugh Leask Israeli economy expected to outperform in 2026 Israeli Prime Minister Benjamin Netanyahu speaks with CNBC from Jersusalem on June 3rd, 2026. CNBC Netanyahu wasn’t wrong when he said “buy anything in Israel, because Israel is going up.” Israel’s economy is expected to outperform major developed markets in 2026. Capital markets are also outperforming, with the Tel Aviv 35 surging and the shekel rising. Despite nearly three years of constant war, the central bank still expects Israel’s economy to …

Trump to appeal order allowing importers to seek tariffs refunds

Trump to appeal order allowing importers to seek tariffs refunds

Published by Sam Flores

An American flag flies near the Ever Memo container ship at the Port of Los Angeles on May 28, 2026 in Los Angeles, California. Mario Tama | Getty Images Businesses big and small have started receiving tariff refunds after the U.S. Supreme Court ruled that President Donald Trump lacked the constitutional authority to impose higher import taxes on goods from nearly every other country. The process could grind to a halt, however, after the Trump administration said Friday that it intended to appeal a federal judge’s order allowing all companies that paid the invalidated duties to seek refunds, not just those that filed lawsuits. Until the Department of Justice informed the judge of its planned appeal, the refund system overseen by U.S. Customs and Border Protection had worked fairly smoothly. Refunds were deposited into the bank accounts of the first successful applicants on May 12, about three weeks after importers and their customs brokers could begin submitting claims, according to CBP. Applications for refunds totaling $85 billion — more than half of the $166 billion …

Solar Stocks Flash Major Technical Breakout As Tariff Talk Escalates

Solar Stocks Flash Major Technical Breakout As Tariff Talk Escalates

Published by Jenni Sidey

Solar stocks are showing a clear technical shift, breaking above a well-defined downtrend after more than five years of sustained pressure. UBS analyst Catherine Gordon is attributing the surge in solar stocks to falling yields and renewed policy momentum. A potential Section 232 tariff announcement in mid-to-late June is adding fuel to the rally, with First Solar leading the charge. The UBS Solar basket (UBXXSOL) is now up 40% year-to-date. Gordon provided more context on what’s powering UBXXSOL higher: Clean tech names are outperforming again on Tuesday, with solar leading higher alongside more speculative growth baskets as yields move lower. The backdrop has been broadly supportive, with the UBS Solar basket (UBXXSOL) now up 33% MTD. First Solar is the standout mover, with the stock trading around $268 and continuing to rally in anticipation of a potential Section 232 tariff announcement in the near term. Earlier today, Windham hosted Toyo Solar on a call, where the company indicated that mid‑ to late‑June could be the timing for Section 232, with measures potentially including a minimum …

China and the United States should be competitors, not enemies

China and the United States should be competitors, not enemies

Published by Sam Flores

(RNS) — In his usual bombastic style, President Donald Trump described his visit to China with superlatives, as “incredible,” “an amazing time,” “a very historic couple of days.” In reality, the trip amounted to an apology tour as the president retreated from his earlier words and actions toward China. This time, there was no attempt to bully China; in fact, next to President Xi Jinping, Trump looked weak, almost sycophantic. Threats of higher tariffs were gone. Rather than making demands, Trump was begging for trade deals to salvage the damage his tariffs have done to American farmers, industry and consumers. Even though the president did not publicly acknowledge that his policies toward China had failed, his actions were a reversal of these policies. The Biden administration was tougher on China than Trump is now. Trump was even unwilling to say that U.S. policy toward Taiwan has not changed. China, not the United States, was the winner at this summit. Even though it is embarrassing to see the president of the United States grovel before China, his …

China signals tariff cuts, advances in farm market access after Trump-Xi summit

China signals tariff cuts, advances in farm market access after Trump-Xi summit

Published by Sam Flores

U.S. President Donald Trump arrives for a state banquet hosted by Chinese President Xi Jinping at the Great Hall of the People on May 14, 2026 in Beijing, China. Alex Wong | Getty Images BEIJING, May 16 (Reuters) – China and the United States have agreed to expand agricultural trade through tariff reductions and tackle non-tariff barriers ⁠and market access issues, China’s commerce ministry said on Saturday after this week’s summit in Beijing. The agreements ​are “preliminary” and will ​be “finalised as soon as possible,” ​the ministry said following U.S. President Donald Trump’s visit. China’s farm imports from the U.S. still face an additional 10% levy after last year’s rounds of tit-for-tat ⁠tariffs ‌sharply curtailed trade, which fell 65.7% year-on-year to $8.4 ⁠billion in 2025, according to U.S. Department of Agriculture data. The commerce ministry said both sides aim to promote two-way trade, including in agricultural products, through measures such as reciprocal tariff reductions across ‌a range of goods. It did not specify which products. China resumed purchases of some U.S. farm goods after an …

US court pauses decision blocking Trump’s 10 percent global tariff | International Trade News

US court pauses decision blocking Trump’s 10 percent global tariff | International Trade News

Published by Sam Flores

A coalition of 24 states have argued that Trump’s latest tariffs do not meet the standards of 1974 Trade Act. Published On 12 May 202612 May 2026 A federal appeals court in the United States has temporarily paused a lower court decision to block President Donald Trump’s 10 percent global tariff. On Tuesday, a US federal appeals court issued a short-term administrative stay as the court case continues. Recommended Stories list of 3 itemsend of list At stake is whether the tariff issued under Section 122 of the 1974 Trade Act falls within the scope of Trump’s presidential authority. Trump imposed the sweeping 10 percent import tax in January, after the Supreme Court struck down another set of far-reaching tariffs that the president justified using the International Emergency Economic Powers Act (IEEPA). In that case, the Supreme Court ruled that the IEEPA does not authorise the president to impose blanket tariffs, as Trump had argued. Similar questions have arisen about Trump’s new tariff policy. On Friday, a panel at the US Court of International Trade …

A 40-year-old Iran tariff quietly built America’s pistachio empire

A 40-year-old Iran tariff quietly built America’s pistachio empire

Published by Sam Flores

From Dubai chocolate to lattes, pistachios are having a moment. Of course, the nut itself has been cultivated for thousands of years in Persia, modern day Iran, where pistachios are still the country’s number one commodity crop. But the United States has only grown them commercially for 50 years. The U.S. now produces the lion’s share of pistachios globally — despite their relative newness for American farmers. The tagline on a bag of salt and pepper pistachios in my cabinet reads, “300-year-old recipe — reborn in California.” That short phrase aptly describes how one U.S. state overtook hundreds of years of Iranian market power in a matter of decades. Pistachio’s ubiquity is also new as the nut trickles down from TikTok virality to mass market explosion. What was once an occasional snack and ice cream flavor choice became a typical presence in coffee shops, bakeries and grocery stores all over the world. Pistachio cold foam now perches atop iced coffees from nationwide chains, Dubai chocolate knock-offs sit at every grocery checkout stand and boutique patisseries …

‘A deal is a deal’: Von der Leyen fires back at Trump over auto tariff threat

‘A deal is a deal’: Von der Leyen fires back at Trump over auto tariff threat

Published by Sam Flores

European Commission President Ursula von der Leyen on Tuesday rebuffed U.S. President Donald Trump’s threat to hike tariffs on European cars, warning Washington to stick to the terms of its trade deal with Brussels. Speaking out for the first time since Trump’s Friday announcement that he would impose 25 percent tariffs on EU-made automobiles, von der Leyen flatly stated that “a deal is a deal.” “We have a deal, and the essence of this deal is prosperity, common rules and reliability,” she said during a press conference at the EU-Armenia summit in Yerevan. While the EU is in the “final stages of implementing the remaining tariff commitments,” the Commission president added, “the U.S. has the commitment … where alignment with the agreed ceiling is still outstanding.” She also stressed the bloc is “prepared for every scenario.” During the same press conference, European Council President António Costa said EU leaders “fully support” the Commission’s response to Trump’s latest trade threat. French President Emmanuel Macron made that backing explicit at a separate press conference in Yerevan with …