US Elections
fromwww.businessinsider.com
20 hours agoExecutives expect to keep dealing with tariffs for years no matter who is in the White House, a new survey says
86% of US executives expect tariffs to be a permanent aspect of business planning.
The U.S. International Trade Commission (ITC)-an agency with the extraordinary power to block imports and, in turn, influence the direction of American technology policy-has drifted out of that balance. To align with the Trump Administration's intellectual property priorities and pro-investment agenda, the ITC is in urgent need of reform.
Yesterday, the European Union Intellectual Property Office (EUIPO) and the Organisation for Economic Co-operation and Development (OECD) published the results of a joint study detailing the close connection between illicit trade in counterfeits and labor exploitation. The joint study shows clear, repeated associations between the intensity of counterfeit trade and abusive labor conditions, strongly suggesting that such conditions structurally enable the production and distribution of counterfeits.
That's after Trump attempted to use the International Emergency Economic Powers Act for the first time as a vehicle for imposing tariffs, when he unveiled his "Liberation Day" duties last year. The tariffs were quickly challenged in court. While arguing the case last spring, Justice Department lawyers acknowledged that if the tariffs were deemed unlawful, then the government would issue refunds to the plaintiffs.