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The Latest Breaking News from International Trade

India's exports hit record USD 863 bn despite global turmoil; on track for USD 2 trillion target by 2030: Piyush Goyal

India's exports touched a record USD 863 billion in FY26 despite global geopolitical tensions and disruptions in international trade, Commerce and Industry Minister Piyush Goyal said on Friday, asserting that the country remains on track to achieve its USD 2 trillion exports target by 2030.

The Economic Times

US Court of International Trade Rules Against Trump's Section 122 Tariffs

The 2-1 decision concludes Trump's massive new tariffs are illegal because there is no "balance of payments deficit" of the kind needed to authorize them.

Reason

US trade court strikes down Trump’s tariff move

A federal court in New York on Thursday invalidated the international 10 percent tariffs President Donald Trump enacted after his previous tariffs were thrown out by the Supreme Court earlier this year. A 2-1 decision from the U.S. Court of International Trade found the administration couldn’t use complaints about international…

Roll Call

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The method in Iran’s madness? Closure of Strait of Hormuz echoes a centuries-old Danish play − and is a tragedy for the world order

More than two months into the war in Iran, navigation through the Strait of Hormuz – the key waterway through which more than a third of the international trade in oil and gas passes – remains perilous and uncertain. Underscoring the uncertainty, on May 3, 2026, the Trump administration launched…

The Conversation

Amid rising tensions, ‘friendshoring’ might keep global trade alive

The world economy is at a crossroads. International trade is slowing, economic uncertainty is rising, and trade between the US and China – the world’s two largest economies – risks pulling apart. And it is not just trade: the two countries also invest less in each other than they did…

The Conversation

The Trump administration has yet to deploy a key legal move that would render tariff refund applications a 'waste of time,' federal litigator warns

The White House has not appealed the Court of International Trade’s universal refund order, and it has tariff experts scratching their heads.

Fortune

In New Tariff Cases, Trump Asserts 'Unreviewable' Power To Invent a Balance-of-Payments Deficit

The Court of International Trade is weighing the legality of the import taxes that the president wants to impose under Section 122 of the Trade Act of 1974.

Reason

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Global trade in wild birds is poorly monitored – the risks to wildlife, ecosystems and human health

Birds have, for centuries, been captured from the wild to be kept in cages – valued for their looks, songs and ability to imitate sounds. Data compiled by the Convention on International Trade in Endangered Species (CITES), the global agreement that regulates trade in threatened animals and plants, indicate that…

The Conversation

China’s 134-kilometre canal: The bold project that could rewrite global trade routes

China is currently undertaking a massive infrastructural project, which involves the construction of an 83-mile (approximately 134-kilometre) canal that will enable the direct connection of the interior of the country to the sea. This massive infrastructural project, which has been likened to the Pinglu Canal, is part of the long-term…

The Times of India

Trump might get away with his new tariffs: The law he’s relying on survived over 3,600 legal challenges, and even Biden used it

“Challenging whatever the administration does here is going to be much more difficult than the IEEPA case,” international trade expert Timothy Meyer told Fortune.

Fortune

Could the US cut off trade with Spain? Here’s what international law says

Donald Trump’s threat to “cut off all trade with Spain” has drawn immediate, strong responses from politicians and the media alike. But beyond grabbing headlines, the threat raises a significant question in terms of law and international trade: can the US really suspend commercial relations with a country such as…

The Conversation

Court process kicks off for tariff refunds

A federal court took the first official steps this week to start the refund process for the tariffs the Supreme Court said violated the law.

Roll Call

US Court of International Trade Orders Refund of All Illegally Collected IEEPA Tariffs

Importantly, the Court ordered payment of refunds even to those businesses who have not filed a lawsuit to claim them.

Reason

Schrodinger's Action Cam: Here's What The Insta360/GoPro Lawsuit Decision Means

The US International Trade Commission issued a decision on GoPro's complaint against Insta360. Both companies declared victory, so here's what it all means.

RideApart

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Euronews

Why the Strait of Hormuz is crucial to global oil and maritime trade

The Strait of Hormuz is a key shipping lane linking the Gulf to global markets, with a large share of the world’s oil and gas passing through it daily. Disruptions caused by tensions between Iran, the US and Israel risk affecting energy supplies and international trade. Watch the video for…

Digital Camera World

Insta360 crushes GoPro in final ITC ruling: A "5-0" knockout for action cam innovation

GoPro had made five patent claims against Insta360, and the US International Trade Commission sided with Insta360 on every count...

The Independent UK

Jeffrey Epstein lay blame on King Charles after Andrew Mountbatten-Windsor lost trade envoy job

The former prince was the UK's special representative for international trade and investment for 10 years

The Guardian - UK

What was Andrew Mountbatten-Windsor’s trade envoy role?

Backed by Labour and Conservative figures, he was a controversial choice when appointed in 2001

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The Conversation

New limits on global trade of sharks won’t be enough to save them from overfishing – new research

More than one-third of sharks and rays are now threatened with extinction, making them among the most imperilled vertebrates on Earth. Why? Overfishing, both as targeted catches for their valuable fins, meat, gills and liver oil, and as bycatch in nets and lines set for other fish.

RideApart

YETI Coolers, EZ Up, GoPro, Goodyear, and More Brands File US Tariffs Lawsuits

The US Court of International Trade will issue a decision, but they have to wait for the Supreme Court to issue a different decision first.

Fortune

The U.S. Supreme Court could throw a wrench into Trump’s plan to take Greenland as soon as Tuesday

If the court rules that the president does not have "emergency" powers to regulate routine international trade then his latest threats on Greenland would become technically meaningless.

RideApart

Not Just Costco, Kawasaki Is Suing Over US Tariffs, Too

Kawasaki Motors Manufacturing Corp USA is among a long list of companies seeking the same relief as Costco in the US Court of International Trade.

The Conversation

Sharks and rays get a major win with new international trade limits for 70+ species

The world’s oceans are home to an exquisite variety of sharks and rays, from the largest fishes in the sea – the majestic whale shark and manta rays – to the luminescent but rarely seen deep-water lantern shark and guitarfishes.

Euronews

Global brands fight legality of Trump’s 'Liberation Day' tariffs

Major multinationals are turning to the US Court of International Trade to claw back duties paid under Trump’s “Liberation Day” tariffs.

The Guardian - UK

Europe’s economy is geared towards a disappearing world, says ECB’s Lagarde

Central bank chief warns that the bloc’s dependence on third countries for trade and security has left it vulnerable

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