The $100 billion that's been refunded so far makes up 60% of the $165 billion collected from President Donald Trump's "Liberation Day" levies.

China banned six U.S. firms from trading with Chinese companies, and added new review requirements for exports of unmanned aerial vehicles.

The prospect of Iran imposing transit fees in Hormuz has focused attention on the fragility of global supply chains.

The move would give the shipping and insurance industries some much-needed third-party assurance that the strait is safe after more than five months of military conflict.

Negotiations between the two countries have not involved the U.S., as the ongoing standoff between Iran and the Trump administration has intensified.

Trump is rebuilding a tariff wall that was struck down in February 2026, when the Supreme Court ruled levies issued under the International Emergency Economic Powers Act were illegal.

China described the ban as "discriminatory and suppressive," given the country's status as the world's leading producer of advanced humanoid robotics components.

 Xbox estimates that console storage and memory prices have increase by more than two-and-a-half times since October 2025.

The interdependence of global commerce, at a time when national alliances are fracturing and outcomes are so uncertain, is greater than ever.

The problem is more about demand than supply, mainly for iPhone and Mac products, outgoing CEO Cook said.