📰 Tariff Newsletter
Latest news and updates on US trade tariffs and import regulations.
ITAC recommends doubling import duty on rails to support local steel manufacturing - IOL
Title: ITAC recommends doubling import duty on rails to support local steel manufacturing - IOL Published: 2026-06-02T11:32:37.0000000+00:00 Link: https://news.google.com/rss/articles/CBMi0gFBVV95cUxNMmN1OEE3ZzRPMmgtZ2E3dEk0ekVLVWFoOXQ5Z0FmcWUtOXZwYjNqU0NpY3BlRExxdVg2NWQzcC1rbU5BaGlCaVVMNms5ZDlLQUZWejZtN2RmM3BMd2xWRTBFR0MtLUlNbEx0aUpYOXRUTF8wQ0pzbThjbXhITEoxczlBaGNsVnh4VVVvY1hjLUgtaEtiVkdsY2U2bFdDczA4My1RX1I0X242MGJT…
How gold overtook U.S. Treasurys as number-one reserve asset
As of June 2, 2026, a significant development in global finance has been reported: gold has officially surpassed U.S. Treasurys as the primary reserve asset held by central banks worldwide. This shift marks a notable change in how central banks manage their reserves, moving away from a long-standing reliance on the debt of the world's largest economy. This change primarily affects central banks across the globe. Thes…
I am 71. Would it be foolish to sell $10,000 in stock to visit my grandchildren in Thailand?
A recent article published on June 2, 2026 , by Quentin Fottrell on MarketWatch, addresses a personal finance query from a 71-year-old individual. The individual, who reports being comfortable living on Social Security and pension income, is contemplating whether to sell $10,000 in stock to fund a visit to their grandchildren in Thailand. The article explores the personal considerations behind such a financial decisi…
My sister, mother and I are giving my son $20,000 toward a down payment. Do we report it to the IRS?
A recent inquiry, highlighted in an article published on June 2, 2026 , addresses a common question regarding financial gifts and reporting obligations to the Internal Revenue Service (IRS). The scenario involves an individual, their sister, and their mother collectively contributing $20,000 towards a down payment for the individual's son. The central question posed was whether this type of financial gift requires re…
The Commission for International Trade approves the agreement on tariff commitments between the European Union and the United States. - Informat.ro
The Commission for International Trade has officially approved an agreement on tariff commitments between the European Union (EU) and the United States (US). This significant development was reported on June 2, 2026, marking a crucial step in potentially streamlining trade relations and adjusting import duties between the two major economic blocs. This agreement holds direct implications for importers, customs broker…
Gold is an awkward asset for central banks to hold. It’s now moved ahead of U.S. debt anyway.
In a significant development for global finance, gold has reportedly surpassed U.S. debt as the primary reserve asset held by central banks worldwide. This shift, highlighted in a report published on June 2, 2026 , marks a notable change in the strategic asset allocation of the world's leading financial institutions. This reordering of reserve assets primarily affects central banks globally, signaling a potential rec…
Nvidia’s Huang said Marvell could join the trillion-dollar club — and the stock immediately surges
On June 2, 2026 , Nvidia Chief Executive Officer (CEO) Jensen Huang made a significant statement regarding Marvell, a prominent semiconductor company. Huang publicly declared Marvell "so essential" to the ongoing development of Artificial Intelligence (AI). This endorsement from the head of one of the world's leading AI chip companies immediately led to a surge in Marvell's stock value, reflecting increased investor …