US EditionGOP Breathes Secret Sigh of Relief as Courts Put Brakes on Trump Tariffs
- On Wednesday, a federal trade court blocked the majority of tariffs implemented since Trump's administration began, stopping recent significant increases in tariffs.
- This ruling followed concerns that Trump overstepped his authority under trade laws, prompting speculation about ongoing trade talks with the EU, UK, and stalled China negotiations.
- An appeals court briefly reinstated some tariffs on Thursday, while markets showed mixed reactions with Asian stocks declining and European markets rising amid ongoing uncertainty.
- Derren Nathan noted, “the only certainty is uncertainty,” reflecting broad investor unease as businesses face unclear tariff futures and mounting costs impacting pricing decisions.
- These court actions suggest a protracted legal battle ahead that could reach the Supreme Court, likely prolonging market volatility and complicating trade policy resolutions.
12 Articles
12 Articles
GOP lawmakers serve notice they won't save Trump with a 'stupid vote': analyst
Despite a court stepping in late Thursday and reviving Donald Trump's campaign of tariffs against U.S. allies, one political strategist predicted it will all fall apart in the long run and Republican lawmakers won't be there to bail the president out.During an appearance on MSNBC's "Way Too Early," ...
GOP breathes secret sigh of relief as courts put brakes on Trump tariffs
Republican lawmakers are breathing a sigh of relief that the courts are putting the brakes on President Trump’s trade war, which has pummeled markets, created economic uncertainty and taken a bite out of Trump’s own approval ratings. It’s unclear who will win the final legal battle, which could end up in the Supreme Court. But…
Republicans Are Secretly Celebrating Tariff Defeat Behind Trump’s Back
Carlos Barria/Reuters A number of GOP lawmakers have privately expressed their joy and relief that the courts stepped in to block President Donald Trump’s sweeping tariff plans, hoping the decisions ultimately end his global trade war, according to reports. Two federal courts ruled that Trump had…
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