The recent decision by the U.S. Supreme Court invalidated President Donald Trump's significant tariffs, raising questions about the fate of the $133 billion in import taxes already collected. Companies are seeking refunds, but the process ahead is expected to be complex. Trade lawyers anticipate that importers will eventually receive refunds, though navigating the process may be challenging. The resolution is likely to involve a collaboration between the U.S. Customs and Border Protection agency, the Court of International Trade in New York, and other lower courts. Following the 6-3 ruling, the court deemed Trump's use of emergency powers to impose tariffs unlawful. The tariffs, imposed under the International Emergency...

President Donald Trump has announced an increase in the global tariff rate by an additional five per cent, following a recent defeat in the U.S. Supreme Court. The original 10 per cent tariff was struck down by the court after being implemented using the International Emergency Economic Powers Act of 1977. Trump is now invoking Section 122 of the U.S. Trade Act to impose the new tariff rate of 15 per cent. In a statement on social media, Trump mentioned a comprehensive review of the court's decision and outlined plans to issue new tariffs in the coming months. These temporary tariffs, allowed under Section 122, can be...

Canada's annual inflation rate rose to 2.4% in December compared to the same month a year ago, as reported by Statistics Canada on Monday....

A surprising incident occurred during a school bus ride in Drumheller when a bat was found on board. Following this encounter, three students are...