Even earlier this morning, EU lawmakers and diplomats agreed to implement the controversial trade agreement concluded last summer with the US, after hours of late-night talks in Strasbourg.

Our trade reporter Peggy Corlin writes that despite the breakthrough, which is set to soothe soaring transatlantic tensions, the deal remains fragile as long as US President Donald Trump continues to use tariffs as a tool of political pressure.

The negotiations concluded two weeks after US President Donald Trump threatened to impose 25% tariffs on EU cars if Europeans did not implement the agreement by 4 July. The deal is also considered heavily tilted towards the US, slashing tariffs on US industrial exports to 0% while keeping a baseline tariff on most EU exports at 15%.

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Source: https://www.euronews.com/my-europe/2026/05/20/newsletter-breakthrough-on-eu-us-trade-deal?fbclid=IwY2xjawR9tZlleHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEehqVk1YntlSV2atsfjXkYgTUOzYY3qoYAysBN50bxIC6kRkP8WVaPQTrynmo_aem_ha890Ztj9D8Ih1ywUJVGLQ

The post Newsletter: Breakthrough on EU-US trade deal first appeared on Garner Ted Armstrong Evangelistic Association.

WASHINGTON – Federal officials face the possibility of refunding more than $175 billion in collected tariff revenue if the Supreme Court strikes down President Trump’s emergency trade duties, according to new calculations from University of Pennsylvania researchers released Friday.

The analysis, conducted by the Penn-Wharton Budget Model at Reuters’ request, examined tariff collections made under the International Emergency Economic Powers Act (IEEPA) since Trump began implementing these measures in February 2025.

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Source: https://www.finedayradio.com/news/tv-delmarva-channel-33/supreme-court-decision-could-force-175-billion-in-tariff-refunds/?fbclid=IwY2xjawQFp1FleHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEeYWBBqej-MuZfzQ7DAxRIQ–vX_UyIURyM90JGD2xEJO91cXTi7zomjHigKs_aem_KkDHIFhuyeaoRGaaZcS5Yw

The post Supreme Court Decision Could Force $175 Billion in Tariff Refunds first appeared on Garner Ted Armstrong Evangelistic Association.

Indonesian textile exports – up to a volume to be decided – are set to receive a zero per cent tariff, which Coordinating Minister for Economic Affairs Airlangga Hartarto touted as a coup for the four million Indonesian workers in the textile industry.

“Access to the US market is good, as Indonesia is planning to expand textile industry exports from around US$4 billion to US$40 billion in the next 10 years,” Mr Airlangga said at a press conference after the signing of the deal in Washington on Feb 19.

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Source: https://www.straitstimes.com/asia/se-asia/indonesia-us-sign-trade-deal-finalising-19-per-cent-tariff-rate-and-no-levy-on-goods-like-coffee

The post Indonesia, US seal trade deal with 19% tariff and exemptions for goods like coffee first appeared on Garner Ted Armstrong Evangelistic Association.

Addressing a press conference a day after the agreement, Goyal said, “This is the best deal India has received. It is a deal for all of us, bringing positive signals for the bright future of our citizens.”

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The post ‘India got best deal’: Piyush Goyal hails trade pact with US; credits PM Modi for championing agriculture, dairy sectors – key details first appeared on Garner Ted Armstrong Evangelistic Association.

It was Trump’s last event after a week of summits, trade talks and other diplomatic events in the Indo-Pacific. On the flight back to Washington, Trump told reporters traveling with him that he would rate the meeting with Xi “on a scale from zero to 10, with 10 being the best, I would say the meeting was a 12.”

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Source: https://www.npr.org/2025/10/30/nx-s1-5590754/trump-china-xi-meeting-lowers-tariffs?fbclid=IwY2xjawNwsLBleHRuA2FlbQIxMQABHoK4ip1FTWkpTWwhC6auRxTBQd3f9UJ9T9SCF74IZXKwU_VfsA7lEy5IjXB9_aem_Z-QI2CYwOe-AmpoFIPF7wA

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The Trump administration, however, has made clear it will not adjust its policies based on stock fluctuations, insisting negotiations will proceed only on terms that serve America’s economic interests.

The post Trump Versus Xi: A Blow-by-Blow Analysis of the US–China Trade War first appeared on Garner Ted Armstrong Evangelistic Association.

The whole media is out to get Trump. The news organizations are beside themselves, but he’s smiling the whole time. It’s about to get real, all the scoundrels who thought they’d get Trump one way or another are going down, most of them anyway. All the lawsuits, all the criminal investigations, where are they now? These men thought they’d never be out of power, I guess, and they’d never have to pay the price for their deeds. They’re not sleeping well.

Trump is hiking tariffs on many foreign countries who have been taking advantage of the U. S. It’s not like they’re not still trying, but Trump holds them to account. Fair is fair, and the other countries have been taking advantage of the U. S. for too long. They can cry their eyes out, but they can’t stand up to what the President is doing and saying. He has a team who knows what they’re doing

and time is short. 

He’s got emissaries carrying his message to all parts of the world. The United States is through being taken advantage of, and now you can bet they are going to pay. 

Nearly everyday there’s another drug boat being blown out of the water. It’s going to get hard to recruit people to guide them, with all their compatriots at the bottom of the sea. 

Trump is heading overseas to meet the new Prime Minister of Japan. It’s a woman, Prime Minister Sanae Takaichi, the first female ever to lead Japan. Then he’s heading to South Korea to meet with Xi. Wouldn’t you love to be a fly on the wall.

Israel, now that’s another story. Their government voted to annex the West Bank, but that’s not going to happen. Israel’s ruling party didn’t vote, in fact wasn’t even there. It’s a very different situation in Israel. Who can understand it? My Dad told me something interesting about Israel, and I think it still holds true. They have to have an outside enemy to fight, otherwise it’s pure chaos. 

I wish my Granddad could be here. I wonder what he’d be saying now. Thankfully, we’re in America during one of the greatest revivals we’ve ever seen. Sometimes God has other plans. 

Mark

The post Weekly Update by Mark Armstrong – October 24, 2025 first appeared on Garner Ted Armstrong Evangelistic Association.

While the 4.8% growth rate met expectations and kept China on track to reach its target of roughly 5% this year, the economy’s dependence on external demand at a time of mounting trade tensions with Washington raises questions over whether that pace can be sustained.

The post China’s economy slows as trade war, weak demand highlight structural risks first appeared on Garner Ted Armstrong Evangelistic Association.

US Trade Adviser Peter Navarro’s comments came hours after US tariffs of 50% on Indian goods kicked in on Wednesday.

The tariffs, among the highest in the world, include a 25% penalty for purchase of weapons and oil from Russia which, the US claims, is a key source of funds for its war in Ukraine.

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Source: https://www.bbc.com/news/articles/c4gzd8gkr5jo

The post Trump adviser calls Ukraine conflict ‘Modi’s war’ as US tariffs on India rise first appeared on Garner Ted Armstrong Evangelistic Association.

Trump signed the “One Big Beautiful Bill Act” into law in July after it was passed by the Republican-controlled Congress. The bill, which delivered new tax breaks, also made Trump’s 2017 tax cuts permanent.

“Amid the rise in effective tariff rates, we expect meaningful tariff revenue to generally offset weaker fiscal outcomes that might otherwise be associated with the recent fiscal legislation, which contains both cuts and increases in tax and spending,” S&P said in a statement.

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Source: https://www.reuters.com/business/sp-affirms-aa-credit-rating-us-cites-impact-tariff-revenue-2025-08-19/

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The post S&P affirms ‘AA+’ credit rating for US, cites impact of tariff revenue first appeared on Garner Ted Armstrong Evangelistic Association.