US EditionTranscript: Trump’s Tariffs in Legal Limbo
- President Donald Trump imposed sweeping tariffs on various imports, with a federal court ruling against the legality of many on Wednesday night.
- The court determined that Trump overstepped his legal powers granted by the International Emergency Economic Powers Act of 1977 when imposing tariffs, leading the White House to promptly challenge the decision.
- While the challenged tariffs could be nullified, an appeals court allowed them to remain temporarily, and separate 25% tariffs on cars, steel, and aluminum continue under a different law.
- Economists warn that these tariffs may increase inflation and disrupt investment, though some say the ruling lessens recession risks and call it a 'big win for American consumers.'
- The tariff dispute could reach the Supreme Court, and ongoing legal and trade actions leave the future of Trump’s trade agenda uncertain and potentially volatile.
21 Articles
21 Articles
Trump's US Tariffs in the Live Ticker: Talks Between the US and China "Fall to a Halt"
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BizTocWhat Is The Rationale Behind Current US Tariff Policy?
By Frank Shostak, Mises Wire | May 26, 2025 It seems that, for President Donald Trump, the key for economic growth is demand for goods and services. In this view, the greater the demand, the greater the supply is via production and consumer spending, and thus the greater the economic growth. Now, part of the demand for domestically-produced goods and services originates from overseas. The meeting of this demand is called exports. Additionally, l…
Coffee sector for duty cuts
Stakeholders in Pakistan's growing coffee sector are urging the government to eliminate the 28% combined Regulatory Duty (RD) and Additional Customs Duty (ACD) on bulk instant coffee imports, arguing the current levy is stifling industry growth and preventing the development of a domestic coffee market. The duties were imposed in June 2021 under SRO 840(I)/2021 and currently include a 15% RD and 2% ACD, with other charges making up the rest. Ind…
Trump’s tariffs in jeopardy: What it means for prices and a recession
President Donald Trump’s sweeping tariffs — both those he has threatened and those he has already enacted — have led many economists and American consumers to predict that the US economy could enter a recession while also pushing up inflation.
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