After Trump ended the de minimis exemption last year, purchasing an item straight from an international vendor, regardless of the item's value, meant incurring International Emergency Economic Powers Act tariffs. Now, thanks to a ruling by the Supreme Court that overturned Trump's IEEPA tariffs, and a ruling by the Court of International Trade ruled that all tariffs paid under IEEPA must be returned, buyers may be able to collect a refund.
In day-to-day operations, solid wood packaging is one of the most common inspection triggers. Compliance sits right at the point where your packing decisions, carrier handover, and border clearance all meet. When any of those three slip, you can end up with a shipment sitting in a depot while marks are verified or packaging is reworked.
The sum of exports and imports between the two countries last year totalled 251.8 billion (roughly $296.6 billion), a 2.1% increase, according to Destatis. China was Germany's most important trading partner from 2016 all the way through to 2023. In 2024, the US briefly held the title. German Chancellor Friedrich Merz is also set to visit China next week, where he is set to discuss trade and other topics.
Panama Ports Company (PPC), part of the Hong Kong conglomerate CK Hutchison, said the Panamanian government acted in disregard for the rule of law. It decried what it called the latest steps to invade and take the property of PPC during a search on Thursday. It also accused authorities of entering a private storage site without notice and ignoring requests to safeguard sensitive corporate data.
China has been flooding Latin American markets with low-priced exports, especially autos and e-commerce goods, as its exporters adjust to U.S. President Donald Trump's tariffs and geopolitical moves. The world's second-largest economy has become a major trading partner for many Latin American nations, seeking access to their abundant natural resources and growing markets while expanding its influence in a region Trump views as America's Backyard.
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.