Trump, tariffs
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The US Court of International Trade on Wednesday struck down President Donald Trump's tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA).The court ruled IEEPA did not give the president the authority to impose certain tariffs.
Homebuilder stocks rallied on Thursday, in a sign that residential construction will benefit from the ruling striking down Trump's tariffs.
U.S. Commerce Secretary Howard Lutnick downplayed the impact of legal uncertainty around U.S. tariffs on negotiations with the European Union during an interview with Fox News Sunday, saying talks were ongoing.
Trump officials are back in court pushing to save the president's sweeping reciprocal tariffs. Here’s what’s at stake as the legal battle intensifies.
The prominent conservative legal activist is “a bad person who, in his own way, probably hates America,” the president fumed on social media about his former ally.
U.S. President Donald Trump plans to double tariffs on steel and aluminium imports to 50% from Wednesday, stepping up pressure on global steel producers and deepening his trade war. WHY IS TRUMP DOUBLING TARIFFS?
Trump said on late Friday he planned to increase tariffs on imported steel and aluminum to 50% from 25% starting Wednesday, just hours after he accused China of violating an agreement. The increased levies would deepen Trump's global trade war and douses some enthusiasm stemming from a softening in his trade stance.