Commodities, Business & Shipping (and Tariffs)

‘Tariff engineering’ is making a comeback as businesses employ creative ways to skirt higher duties​

• Global manufacturers are rethinking their products design, tapping into a legal technique known as “tariff engineering” to lower tariff costs.
• The practice involves changing the item’s materials, altering its dimensions or compositions.
• Tariff engineering is legal, as long as the changes genuinely alter the product’s characteristics.

searcher said:

Will there be a Trump tariff refund?​

The federal court ruling aimed at striking down the majority of President Donald Trump's tariffs could force the government to pay back billions of dollars in import duties that have already been collected.

Newsweek has reached out to U.S. Customs and Border Protection (CBP), the agency responsible for administering tariffs and collecting duties, for comment.

What To Know​

On Wednesday, a three-judge panel at the U.S. Court of International Trade (CIT) ruled that the International Emergency Economic Powers Act (IEEPA) did not grant the president authority to impose his sweeping tariffs or bypass Congress' typical control over economic policy and commerce. The 1977 law was cited by Trump as justification for the majority of his tariffs, most notably those unveiled on "Liberation Day" in early April.

"The court does not read IEEPA to confer such unbounded authority and sets aside the challenged tariffs imposed thereunder," the ruling read.

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Copper Slips But Stays Bullish | Catalytic Converters Surge & Steel Drops!​

A lesson for the West? Japan was better prepared than most for China’s rare-earth mineral squeeze​

• Japan changed its approach to supply chain resiliency after becoming a canary in the coalmine for China's mineral dominance.
• Alongside stockpiling, recycling and promoting alternative technologies, Japan has since invested heavily into non-China rare-earth projects.
• Tokyo's transformation is seen as both a template for Western nations — and a stark reminder of just how difficult it is to escape China's critical mineral orbit.

Cattle placements down 10% for May | Weekly Livestock Market Update​

Take Five: Time to cool down?​

The Week Ahead: What’s next after U.S. strikes on Iran and Europe’s 5% defense problem​

• This is your weekly lookahead at the key global events that could move markets and shape policy.
• NATO leaders meet in The Hague with U.S. President Donald Trump expected to ramp up pressure on Europe over defense spending.
• Summer Davos kicks off in Tianjin amid China-U.S. trade tensions, while Germany hosts its Day of Industry as economic sentiment improves.

Threat to commercial shipping around Arabian Peninsula is rising, largest global shipowners organization warns​

How To Buy Shipping Stocks? | Shipping Investor Shares His Investment Process​

Dow futures slide 200 points as oil rises following U.S. bombing of Iran: Live updates​

Morning Bid: Now the ball is in Iran's court​

Stocks futures tick higher despite the U.S. bombing of Iran as oil increase is muted: Live updates​

Dow rises more than 350 points Monday as oil slides on Iran’s restrained retaliation to U.S. attacks: Live updates​