Did Trump have a master plan with tariffs or was it pure ignorance and stupidity?

How the Trump Tariffs Assist Monopoly

Imposing market power on suppliers or seeking special exemptions from the president are not avenues available to small businesses.

Lawsuit from small businesses argues Trump admin doesn't have authority to issue tariffs

The lawsuit challenges the administration's claim that there is a trade deficit emergency.

By Matthew Kaufman, CNN A group of US companies filed a lawsuit Monday arguing that President Donald Trump's tariffs are illegal under the International Emergency Economic Powers Act (IEEPA). The lawsuit was filed in the US Court of International Trade by the Liberty Justice Center, a legal advocacy group arguing on behalf of five companies it said have been "severely harmed" by the tariffs.

5 Companies Sue Trump Over Tariffs

Five companies filed a lawsuit against the Trump administration over its decision to impose tariffs on nearly every country in the world, arguing that President Donald Trump overstepped his authority. On April 2, Trump announced that he would impose 10 percent baseline tariffs on nearly every country and higher rates for nations with which the United States is at a significant trade deficit. A week later, the president paused the reciprocal tari…

Did Trump have a master plan with tariffs or was it pure ignorance and stupidity?

On 2 April 2025, Donald Trump announced a 10% blanket tariff on all United States imports, effective 5 April. Additional tariffs targeting 57 countries, including rates up to 104% on Chinese goods, were scheduled to follow on 9 April. Global markets immediately reacted, with U.S. stocks losing $6.6 trillion in value over the next two days. By 5 April, the global 10% tariff came into force. The S&P 500 approached bear market territory, having dro…

Markus Krall, Thorsten Polleit and Markus Fugmann discuss the question of whether Donald Trump's tariffs will lead the US into a "golden age" – or rather the opposite happens. Why does Trump insist on tariffs? Does foreign countries really use the US, as Trump always claims? Is that what Trump is planning to do, idiocy – [...] The post Krall, Polleit and Fugmann: The Trump tariffs appeared first on financemarktwelt.de.