A US appeals court has temporarily allowed Donald Trump’s tariffs to remain in effect while a final decision is made. This follows a previous ruling by the US International Trade Court that the tariffs were illegal. Another court in Washington also deemed the tariffs “illegal” but granted the government 14 days to appeal. The International Trade Court’s decision specifically addressed the “fentanyl tariffs” imposed on China, Mexico, and Canada in February, as well as the general ten percent tariff on all imported goods to the USA from May, and individual tariffs on US trading partners. Tariffs on cars, steel, and aluminum are governed by separate legislation and were not included in the ruling.
Donald Trump’s trade war has cost companies over 34 billion dollars in lost sales and higher expenses. This figure, derived from an analysis by Reuters news agency of published accounts, continues to grow due to uncertainty surrounding the trade war’s future. The assessments included 32 listed companies in the S&P500 stock index, three from Europe’s Stoxx 600 index, and 21 companies from Japan’s Nikkei 225 index. Economists suggest the actual cost to businesses is likely far greater.
Pension fund Pensiondanmark is investing a three-digit million kroner amount into Copenhagen Infrastructure Partners (CIP)’s Plexar Energy for green business ventures. The investment of 746 million kroner will support the development of microgrids, which use renewable energy in a closed system combining renewable energy, batteries, and artificial intelligence to supply electricity to consumers in a limited area. CIP is contributing an additional 93 million kroner. DFDS is considering installing a microgrid at its terminal in Vlaardingen near Rotterdam. Rune Gade Holm, Deputy Director at Pensiondanmark, believes microgrids have the potential to significantly impact the green transition, with the possibility of substantial global demand.
A farmer in Hejnsvig waited 19 months to receive compensation for converting his fields into nature. John Jørgensen was owed 82,500 kroner per hectare, totaling over 1.6 million kroner, for relinquishing the right to cultivate his land. During the delay, caused by authorities searching for errors, Jørgensen had to rely heavily on his cash credit. After examining aerial photos, officials found errors totaling 3,300 kroner.
The state’s gain from the top tax bracket is decreasing due to a new calculation method implemented by the Ministry of Taxation. The Liberal Alliance argues that this confirms the tax is purely symbolic. Minister of Taxation Rasmus Stoklund (S) has dismissed the criticism.
A large law firm, Bech-Bruun, faces a potential million-dollar claim due to secret recordings that initiated a case against two high-profile lawyers, Anders Hoffmann Kønigsfeldt and Troels Tuxen. The lawyers have been under scrutiny for alleged misconduct in a bankruptcy case. A recent report indicates the case has been reported to the authorities. The individuals involved deny any wrongdoing.
Banks’ war chests have increased to 475 billion kroner following record-high results in 2024. Lars Gert Lose, Director of Finans Danmark, emphasizes the importance of a robust banking sector amidst global instability.