The Lombard Review

Tariffs

Business

What company filings say about tariff risk

Politics

Trump dusts off a 1930 law to hit Canada

U.S.

What Americans now pay in tariffs

Politics

One tariff ends, another begins

Business

The tariff refund boost to earnings

Markets & Finance

Tariff refunds mean more government borrowing

Economy

Is it oil or tariffs pushing prices up?

Politics

Paying tariffs while suing to get them back

Politics

Trump's temporary tariff is about to expire

Politics

Steel tariffs hit everything made of steel

Politics

Trump's tariffs get a sturdier legal footing

Politics

Court rules Trump's new tariff illegal too

Markets & Finance

Who deserves the tariff refund?

Special Report

Tax Day: Refunds from the IRS — and from Customs

Politics

Steel tariffs just got a lot bigger

Markets & Finance

Tariffs go up, refunds go out

Markets & Finance

Who gets the $166bn tariff refund?

The invalidation of IEEPA border tariffs triggered an immediate, high-stakes financial scramble across corporate boardrooms: who gets the staggering $166 billion cash refund?

Politics

Trump's new tariff has a 150-day clock

Politics

The Supreme Court strikes down Trump's tariffs

Politics

Tariffs raise $30bn a month. Not for long?

Federal customs collections reached an eye-popping run-rate of $30 billion per month in early 2026, anchoring federal revenue at historic highs.

Special Report

Super Bowl: Shoppers wait for the tariff verdict

Politics

How long do Trump's tariff threats last?

Politics

Trump's tariff threat over Greenland

Markets & Finance

Tariffs are now funding the government

Business

Companies brace for a tariff refund

Special Report

Thanksgiving: Beef, tariffs and the holiday table

As American families gathered for Thanksgiving dinner, the centerpiece roast and after-dinner coffee served as a live quantitative case study in the rapid pass-through dynamics of trade policy rollbacks.

Politics

Trump cuts tariffs on beef and coffee

Markets & Finance

What if the tariffs have to be refunded?

The Supreme Court of the United States heard oral arguments on 5 November in the landmark challenge to the administration’s use of the International Emergency Economic Powers Act (IEEPA) to impose across-the-board border tariffs.

World

America and China call a truce, again

Washington and Beijing stunned international financial markets once again by announcing a comprehensive bilateral trade de-escalation on 4 November, rolling back punitive tariffs and suspending retaliatory export controls.

Special Report

Diwali: The rupee hits a record low

As millions celebrated Diwali, the Indian rupee sank to an unprecedented historic low of 88.8 per US dollar.

Politics

100% tariffs on drugs, unless you build here

Politics

Appeals court rules against the tariffs

World

India hit with 50% tariffs

Washington’s protectionist offensive expanded aggressively into South Asia, as the administration levied a sudden 50 per cent tariff on Indian imports, with an initial 25 per cent tranche taking effect on 27 August.

Special Report

Back to school: Tariffs hit the shopping list

As American families prepared for the annual back-to-school shopping season, retail store shelves delivered an unvarnished lesson in commercial trade economics.

Politics

Copper tariffs, with a twist

Politics

Tariffs finally show up in prices

The statistical debate over tariff inflation was officially settled by the June consumer price index, as tariffed goods categories recorded aggressive, undeniable price accelerations.

World

Japan's deal: 15% and $550bn

Politics

Tariffs are raising $27bn a month

Official customs revenue reports confirmed a historic fiscal milestone: federal border duties generated an astonishing $27 billion in gross tariff receipts during the month of June alone.

Politics

Trump's tariff letters arrive

Diplomatic subtlety was officially abandoned as formal executive tariff letters landed on the desks of foreign heads of state across Tokyo and Seoul on 7 July.

Special Report

Prime Day: Four days of discounts, and tariffs

Amazon’s annual Prime Day shopping event expanded into an unprecedented four-day commercial extravaganza, offering millions of aggressive digital promotions.

Economy

Tariffs still aren't showing up in prices

The release of the May consumer price index, showing headline inflation advancing at a restrained 2.4 per cent year-on-year, once again confounded expectations of an immediate tariff-induced inflationary surge.

World

China's rare earths are its best weapon

Politics

Steel tariffs double

The White House delivered an unexpected and severe escalation in its metals protection doctrine, doubling baseline tariffs on imported steel and aluminum from 25 per cent to a staggering 50 per cent, effective 4 June.

Politics

A court strikes down Trump's tariffs, for now

Politics

Where are the tariff price rises?

Despite months of aggressive protectionist rhetoric and escalating border levies, official consumer price data continues to defy stagflationary warnings.

Tech

Tariffs haven't dented Big Tech's AI spending

As industrial manufacturers, retail chains, and automotive conglomerates slashed capital budgets under the cloud of escalating trade wars, Silicon Valley’s technology titans remained totally insulated.

Special Report

Tax Day: The biggest tax rise in decades isn't in the tax code

On Tax Day, American corporations and households were reminded that the largest federal revenue expansion in modern history was enacted without a single vote in the House Ways and Means Committee.

Politics

145%: a tariff that stops trade

Politics

The formula behind Trump's tariffs

The White House’s formalization of a mathematical formula tying bilateral tariff rates directly to merchandise trade deficits sent equity markets into a tailspin, with the S&P 500 plunging 4.8 per cent on 3 April.

Politics

Liberation Day: what to expect

Dubbed 'Liberation Day' by administration trade strategists, the scheduled expiration of multi-decade international tariff agreements presents global supply chains with an unprecedented scenario tree.