In his “People’s State of the Union” speech, US President Donald Trump on Tuesday struck a triumphant and declarative tone, describing the past year as a dramatic national turnaround. Trump hailed his tariff move, now deemed illegal by the Supreme Court, saying he used the duties to take in hundreds of billions of dollars to … Read more
President Donald Trump on Tuesday delivers the annual State of the Union Address at a joint session of the US Congress at the US Capitol. Earlier on Monday, Trump had told reporters that it would be a “long speech” and the address is expected to go on for at least 90 to 120 minutes. President … Read more
Days after the Supreme Court struck down US President Donald Trump’s global tariffs, logistics giant FedEx on Monday filed a lawsuit seeking to recover duties it had paid under the invalidated measures. The SC decision delivered a major setback to a cornerstone of his economic agenda and opened the door to further legal challenges. (Bloomberg) … Read more
President Donald Trump’s unprecedented use of tariffs has injected enormous uncertainty into the global economy, depressing US job growth and raising prices along the way. The Supreme Court on Friday gave Trump an off ramp from his tariff adventure. But Trump almost immediately made clear he’s not taking it. The justices ruled in a 6-3 … Read more
Before Friday, President Trump’s tariffs, after months of on-again, off-again turbulence, had seemed to finally steady. Now, with the bulk of Trump’s tariffs struck down by the Supreme Court, and a new, temporary global tariff in place, fresh questions hang over the U.S. economy. The U.S. economy powered through an avalanche of change last year. … Read more
US Customs and Border Protection (CBP) says will halt collection of duties – deemed illegal by the Supreme Court last week – under International Emergency Economic Powers Act (IEEPA) at 12:01 am EST (0501 GMT) on Tuesday, February 24, Reuters reported. In a 6-3 ruling Friday, the US Supreme Court found that Trump’s use of … Read more
A ruling by the US Supreme Court striking down sweeping tariffs imposed by Donald Trump has put a proposed $2,000 “tariff dividend” for moderate-income Americans in doubt, removing a key revenue source the administration had cited for the payments. Trump promoted the idea of sending Americans dividend-style payments funded by tariff revenue in a November … Read more
Trump tariffs live updates: US President Donald Trump wrote on his Truth Social platform that the administration was increasing import levies “to the fully allowed, and legally tested, 15% level”. Trump tariffs live updates: US President Donald Trump on Saturday raised the global duty on imports into the United States to 15 percent, doubling down … Read more
The US Supreme Court on Friday invalidated President Donald Trump’s most sweeping and ambitious tariffs, leaving a whopping $133 billion question unanswered – what happens to the import taxes the administration has already collected under levies now deemed unlawful? (FILES) US President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs during … Read more
President Donald Trump will travel to China from March 31 to April 2 for a highly anticipated meeting between the leaders of the world’s two biggest economies, a trip announced as the Supreme Court overturned Trump’s sweeping tariffs on imported goods. A White House official confirmed the trip on Friday, just before the highest U.S. … Read more