tariffs

Ruling against Trump’s tariffs creates new uncertainty in US trade relations with China

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WASHINGTON — The Supreme Court decision striking down President Donald Trump’s sweeping tariffs has added a wrinkle to already complicated U.S.-China relations, with both countries navigating shifting ground to avoid an all-out trade war that would disrupt the global economy while still jostling for a position of strength in negotiations. Friday’s court ruling would seem … Read more

Trump’s Section 122 tariffs could spur new legal battle, experts say

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President Trump’s move to invoke an obscure legal tool to impose a global 15% tariff on U.S. imports could face its own legal challenges, trade experts told CBS News.  The White House said in a fact sheet on Friday that the temporary import duty, imposed under Section 122 of the Trade Act of 1974, addresses a “fundamental … Read more

Trump tariffs still pose

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The Supreme Court’s Friday ruling striking down President Trump’s “Liberation Day” tariffs will not free U.S. companies from their concerns about the direction of trade policy. “There is huge uncertainty” facing businesses and U.S. trading partners following the landmark decision, said William Reinsch, senior adviser at the Center for Strategic and International Studies and the former president … Read more

E.U. hits the brakes on U.S. trade deal after Trump threatens 15% global tariffs

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The European Parliament on Monday halted the ratification process of a sweeping trade deal with the United States, the latest fallout from the Supreme Court striking down most of President Donald Trump’s tariffs. Following an emergency meeting in Brussels, lawmakers said the U.S.’ side of the deal is now “so uncertain.” “Nobody knows what will … Read more

Why did the Supreme Court rule against tariffs? Here’s what the justices said.

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In one of its most significant decisions of the year, the U.S. Supreme Court struck down President Donald Trump’s emergency tariffs on Friday. The tariffs had been one of Mr. Trump’s signature policies, but the court held – in a 6-3 decision that split the court’s six conservative justices – that the president could not … Read more

US futures slip, world markets are mixed after the Supreme Court nixes Trump’s tariffs

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U.S. futures were broadly lower on Monday as uncertainty lingered after the Supreme Court struck down most of President Donald Trump’s sweeping tariffs late last week. Futures for the S&P 500 lost 0.5%, while futures for the Dow Jones Industrial Average dropped 0.6%. Nasdaq futures fell nearly 0.7%. Novo Nordisk shares took a beating after … Read more