Customs (Tariff)

• China’s Trade Surplus Climbs Past $1 Trillion for First Time - President Trump’s tariffs weren’t enough to hold back the global export flood by China, which pushed past last year’s record in just 11 months.
• Have Trump’s Tariffs Gone as High as They Can Go? Business Hope So - A wave of companies are petitioning for exemptions from the Trump administration’s high levies on foreign-made goods, saying they are hurting business and raising prices.
• What to Know About Putin’s Visit to India as Oil Trade Dries Up - The Trump administration, which crippled Russia’s oil sales to India with sanctions, will be watching Mr. Putin’s talks with Prime Minister Narendra Modi.
• Fed Pick Puts Pressure on Bessent to Deliver for Trump - Treasury Secretary Scott Bessent, who is leading the search for the next Federal Reserve chair, could face President Trump’s wrath if the person chosen does not quickly lower interest rates.
• To Avoid Pharma Tariffs, U.K. Agrees to Trump’s Demand to Pay More for Drugs - President Trump has complained that wealthy countries like Britain pay too little for drugs, leading America to bear much of the burden of the costs of medicines.