US EditionJill On Money: Tariff Turmoil and Tacos
- The Court of International Trade invalidated large parts of President Trump's tariffs announced on April 2, ruling the executive orders illegal.
- The ruling found the president lacked authority under the 1977 International Emergency Economic Powers Act to impose those tariffs.
- The invalidation covers the 10% baseline, reciprocal tariffs including a paused 145% levy on Chinese imports, and 20% fentanyl tariffs, while steel and aluminum tariffs remain.
- The administration has appealed to the U.S. Court of Appeals, which allowed tariffs to stay in place during the process, and management suggests other legal routes will maintain tariffs.
- Market response was initially positive but cautious, as consumers may face higher prices and the Fed likely stays passive pending legal outcomes and tariff reimposition efforts.
32 Articles
32 Articles
Plaintiffs: Warnings of ‘disaster’ from IEEPA ruling have come to nothing
Democratic attorneys general and small businesses challenging President Trump’s International Economic Emergency Powers Act tariffs say the White House has undermined its own claims that a decision overturning the duties poses a “disaster scenario” for trade negotiations, after key officials said the talks are continuing and they have other authorities to impose similar tariffs. Both sets of plaintiffs that won a landmark Court of International …
Trade War Rumbles: Markets Surge Amid Tariff Turmoil
Trade War Rumbles: Markets Surge Amid Tariff Turmoil Asian stocks showed resilience on Wednesday, buoyed by gains in the technology sector, even as elevated U.S. tariffs on steel and aluminium became effective amidst ongoing trade disputes. This development highlights the sustained investor anxiety regarding the pace and success of trade negotiations.Investor anticipation is also concentrated on major events across the globe, including the Europ…
The French champion of the sale of reconditioned technology products has seen the increase of its sales in the country accelerate since the introduction of customs duties by Donald Trump, consumers turning away from new products.
The first signs of a slowdown have been noticeable in the non-costed market since April, says Bain & Co. Private equity needs to rethink its exit strategies in the face of the turmoil created by customs uncertainties.
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