World Business Report Tariffs, trade wars and courtroom drama
May 29, 2025
The recent ruling against Trump's tariffs stirred a whirlwind of legal and business implications, as small business owners grapple with the uncertainty ahead. We delve into France's controversial move to potentially scrap low emission zones, showcasing the tug-of-war between environmental and economic interests. Meanwhile, Africa celebrates its new 'super banker' amidst challenges in development finance. From tariffs to trade dynamics, this discussion highlights the fast-evolving landscape of global commerce and governance.
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Small Business Tariff Lawsuit Win
- Victor Obenshwartz shared his experience with the Court of International Trade about the tariffs lawsuit.
- He described the initial shock and surprise of winning the case given the strong evidence presented.
Tariffs Impact Corporate Earnings
- The current US tariffs cover about 20% of imports, the largest in 75 years.
- Increasing tariffs to this level could harm corporate earnings and the overall economy.
Business Uncertainty With Tariffs
- Businesswoman Jessica Bettencourt struggles with uncertainty caused by fluctuating US tariff policies.
- She delays investment decisions and adjusts inventory planning due to unpredictable tariff changes.