NEWYou can now listen to Fox News articles! The Court of International Trade on Friday appeared skeptical of President Donald Trump‘s use of a little-known emergency trade law to justify his sweeping, 10% global tariffs — teeing up a familiar, if technically new, legal fight focused on when and how a sitting president can act … Read more
NEWYou can now listen to Fox News articles! A year ago today, President Donald Trump announced a sweeping new round of global tariffs, escalating trade tensions with key allies and adversaries alike, raising fresh concerns about the outlook for the U.S. and global economy. The “Liberation Day” tariffs were introduced as a broad set of … Read more
WASHINGTON — Less than a week after the Supreme Court struck down President Donald Trump’s global tariffs, New York Gov. Kathy Hochul listened as one of the plaintiffs in the case recounted the financial toll of the levies on his wine importing business. “This is a heavy tax and you have to pay it up … Read more
WASHINGTON — Jay Allen is a fan of President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas. But the tariffs at the core of Trump’s economic agenda have wreaked havoc on his company, Allen Engineering Corp., which makes … Read more
The Trump administration’s top trade official launched investigations Thursday into dozens of countries accused of failing to crack down on forced labor, flexing a law that lets the federal government impose tariffs and other trade restrictions as President Trump grapples with a Supreme Court ruling that struck down many of his tariffs. The investigations are … Read more
WASHINGTON — The Trump administration on Wednesday opened a new trade investigation into manufacturing in foreign countries — an effort that comes after the Supreme Court struck down President Donald Trump’s previous use of tariffs by declaring an economic emergency. Trump and his team have made clear that they’re seeking to replace the hundreds of … Read more
After the Supreme Court’s IEEPA decision, the president has other legal authorities at his disposal. Source link
Democratic state AGs quote Milton Friedman, if you can believe it. Source link
NEWYou can now listen to Fox News articles! A federal judge ordered the Trump administration on Wednesday to begin the drawn-out task of refunding billions of dollars to companies that paid tariffs the Supreme Court recently invalidated. Judge Richard Eaton, an appointee of former President Bill Clinton, laid out the estimated $130 billion refund process … Read more
Two dozen states sued the Trump administration on Thursday, alleging that President Trump exceeded his authority in imposing new global tariffs after the Supreme Court in February struck down emergency import duties he introduced last year. The lawsuit centers on 10% tariffs the Trump administration recently implemented under Section 122 of the Trade Act of 1974. Mr. Trump later … Read more