Tariffs have been a defining feature of US trade policy under President Donald Trump’s second administration. Since Trump unveiled his “reciprocal” tariff policy in April 2025, the landscape has shifted repeatedly.In February 2026, the US Supreme Court invalidated tariffs imposed…
REGULATORY
Japan Cabinet OKs Record Social Security Spending in FY2026 Budget, 105 Billion Yen in Drug Price Cuts
Japan’s Cabinet on December 26 approved a 122.31 trillion yen general-account budget for FY2026, marking an increase of 7.11 trillion yen from the previous year. Social security spending is set to reach a record high of 39.06 trillion yen, up…
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