Jack McLoone

China, Peru Modernize Free Trade Agreement

An Eleventh Circuit panel refused Tuesday to pause a district court's sanctions order barring President Donald Trump and others from citing the agreement he made to settle his $10 billion suit against the Internal Revenue Service while they appeal the order.

Trade between the European Union and countries with which it has reached a trade agreement grew over twice as much in 2025 as trade with jurisdictions that don't have such a deal, the European Commission said Monday.

The IRS did not wrongfully deny a holding company the chance to appeal a reevaluation that lopped $21 million off the value of a Tennessee conservation easement for which it claimed a deduction, the U.S. Tax Court ruled Tuesday.

The U.S. Department of Commerce provided enough justification for its rejection of a level-of-trade adjustment for a Colombia paper bag exporter subject to antidumping duties, the U.S. Court of International Trade ruled, signing off on a re-explained determination.

Two dozen states pushed the Federal Circuit on Monday to revive their specific claims against now-expired temporary tariffs while simultaneously pushing the panel to otherwise back the U.S. Court of International Trade's ruling that the tariffs were illegal.

The Internal Revenue Service's weekly bulletin, released Friday, included a safe harbor for the carbon sequestration tax credit's reporting requirements that will apply to a method that uses carbon oxide used as a tertiary injectant in qualified oil and gas extraction projects.

The U.S. International Trade Commission wrongfully ignored wide domestic opposition to a safeguard investigation and ultimate establishment of tariffs on imports of quartz surface products, a group of American companies told the U.S. Court of International Trade, seeking an order spiking the tariff.

Democrats in the Senate Finance Committee introduced legislation Wednesday that they said would officially sink the portion of President Donald Trump's settlement of his suit against the IRS that grants him immunity from tax audits while also preventing any such deals in the future.

Democrats in the Senate Finance Committee introduced legislation Wednesday that they said would officially sink the portion of President Donald Trump's settlement of his suit against the IRS that grants him immunity from tax audits while also preventing any such deals in the future.