Will Donald Trump find a IEEPA sympathy with the appellate court on his Liberation Day tariffs? At the very least, the Federal Circuit Appellate Court has enough sympathy to stay the ruling from the Court of International Trade for a little while as the administration appeals the decision. For now, tariffs are back on the...
AFP/Getty The Trump administration has said it will take its tariffs case to the Supreme Court Friday, unless an order that struck down many of President Donald Trump’s new import taxes is put on hold. In a filing on Thursday, lawyers for the White House asked the Court of Appeals for the Federal Circuit to...
The short answer to that question: appeal to the Supreme Court. The longer answer, especially in time: appeal to Congress. Right now, both appear to have the same prospects … somewhere between slim and none. Yesterday, the Court of International Trade — yes, we actually have one — overruled Donald Trump’s attempts to vastly expand...
BBC A US federal court has ruled that President Donald Trump overstepped his authority by imposing global tariffs, in a major blow to a key part of his economic policies. The Court of International Trade ruled that an emergency law invoked by the White House does not provide unilateral authority to impose tariffs on nearly...
John Laurenson Business reporter Reporting fromMorey-Saint-Denis, Burgundy BBC Burgundy in eastern France is highly praised for the quality of its wine Burgundy is one of the most prestigious wine regions in France, and the US is its biggest export market. But now Donald Trump’s tariffs are threatening to price European wine out of the American...
Getty Images President Donald Trump has said he is “recommending” imposing 50% tariffs on goods from the European Union being imported to the United States. “Our discussions with them are going nowhere!”, he said in a post on social media on Friday. The announcement marks an escalation of Trump’s trade war with the EU, which...
Nike is set to raise prices on some trainers and clothing from 1 June, weeks after rival Adidas warned it would have to hike the cost of products due to US tariffs. The BBC understands Nike’s decision was taken due to a number of internal and external factors and the sportswear giant said it regularly...
President Donald Trump is hardly an avatar for underconsumption. With a net worth of roughly $5 billion, the business mogul, crypto salesman and former reality TV star boasts a sprawling portfolio of lavish properties, private jets and luxury cars. But amid the tumultuous rollout of his sweeping tariff policy, Trump has had an unexpected message...
US President Donald Trump has said that India has offered to drop all tariffs on goods imported from his country. The Indian government has “offered us a deal where basically they are willing to literally charge us no tariff,” Trump said at an event in Doha. India and the US are currently in talks to...
This headline had to kah-kah-kah-KILL CNBC. Oh, you know it did. Tariff receipts topped $16 billion in April, a record that helped cut the budget deficit Sit back for a minute and let that sink in. Before we get to the nitty gritty numbers stuff. SCHWEET Receipts from U.S. tariffs hit a record level in...
Well, well, well. It seems as though cease fires are all the rage in Washington this weekend. Just two days after Marco Rubio convinced India and Pakistan to stop shooting at each other — mostly — the US and China decided to pause their trade war as well: Â Â News yesterday indicated some sort of...
BBC US and China have agreed a temporary cut to the tariffs they impose on each other’s imports. US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115% for 90 days. The announcement came after both China and the US had held trade talks in Switzerland over the weekend, which...
The Financial Times weekend edition says US President Donald Trump has signalled “openness to cutting tariffs on China”, ahead of upcoming talks. In a Truth Social post, Trump suggests that the US could almost halve the tariffs on Chinese goods, which currently stands at 145%. The head of public policy for investment management firm Pimco...
More 4-D chess, this time on China? Or does Donald Trump want to consolidate whatever gains he can from “Liberation Day” before doing damage to commerce in the US? A couple of days ago, both the US and China agreed to begin talks this weekend to resolve the trade war that has all but turned...
US President Donald Trump has hinted that US tariffs on goods from China may come down as top trade officials from the world’s two biggest economies are set to hold talks. “You can’t get any higher. It’s at 145, so we know it’s coming down,” he said, referring to the new import taxes of up...