2026

President Donald Trump’s fluctuating tariffs have weighed down US job growth with rising costs and uncertainty for companies, according to a new memo from the group founded by former Vice President Mike Pence.

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A judge’s decision has raised hopes for businesses seeking refunds on tariffs they paid, but it may take months before companies actually receive the money.

EU members are beginning to implement the side-by-side agreement reached by the G7 last year—a deal that put the US and OECD global minimum tax frameworks on equal footing. This is an important step in international economic relations, which have been frayed by hostility over discriminatory policies.

Thousands of companies filed lawsuits to reclaim tariffs after the Supreme Court invalidated the duties, forcing the government to begin refunding billions.

American companies are feeling the pinch of the global minimum tax, but their bills will shrink after a US exemption from the levy kicks in and countries begin to offer new tax incentives to maintain foreign investment.

The president’s flat 10 percent tariff on imports could reshape global trade patterns, benefiting some countries that previously faced higher tariff rates while raising questions about the broader impact on imports.

An industry report shows that tariffs, high interest rates and reduced infrastructure spending are slowing growth and reducing jobs in the heavy equipment manufacturing sector.

Businesses and consumers who paid tariffs on imported goods are now seeking refunds after certain duties were ruled unlawful, highlighting the financial consequences of trade policy decisions.

This article examines who ultimately bears the economic cost of tariffs imposed by the Trump administration and how markets and international trade partners respond to those policies.