A dozen states, most of them led by Democrats, sued President Donald Trump over his tariffs on Wednesday, arguing that he has no power to “arbitrarily impose tariffs as he has done here”.Contending that only Congress has the power to legislate tariffs, the states are asking the court to block the Trump administration from enforcing […]
A coalition of 12 US states filed a lawsuit on Wednesday in the US Court of International Trade in New York, seeking to overturn President Donald Trump’s tariff policy, which they say is unlawful and has disrupted the national economy. The legal challenge accuses Trump of abusing emergency powers under the 1977 International Emergency Economic […]
Japan seeks quick resolution to US tariffs as profits decline. Economic Revitalisation Minister Ryosei Akazawa will negotiate in Washington this week. He aims to review Trump’s tariffs. Japanese firms are major US investors. Vehicles form a large part of Japan’s exports to the US. Prime Minister Shigeru Ishiba discussed the tariff impact with Singapore’s Prime […]
Picture coutesy- Manhattan Institute US President Donald Trump’s decision on 2 April 2025 to impose “reciprocal” tariffs on key trading partners has shocked governments and markets around the world. While some view it as a direct economic attack, Trump calls it a way to rebalance what he sees as unfair trade practices. At the heart […]
US President Donald Trump on Saturday doubled down on his sweeping tariff policies, claiming that China has been hit “much harder” than the United States in the ongoing trade war between the world’s two largest economies. His remarks came a day after US stock markets tumbled, leading to concerns over a potential global recession.Taking to […]
NEW DELHI: US President Donald Trump on Thursday imposed broad new tariffs, introducing a universal 10% tax on all imports, with additional levies ranging from 10% to 50% depending on trade imbalances. The measures, enacted under the 1977 International Emergency Economic Powers Act, aim to counter trade deficits and strengthen domestic manufacturing. While Trump defends […]
TOI Correspondent from Washington: The Trump White House on Monday unloaded on India’s effort to protect its agricultural sector ahead of across-the board-tariff (taxes) on all imports that it plans to announce on April 2, claiming the US is being ripped off by rest of the world. Flashing graphics showing tariffs imposed by various countries, […]
US president Donald Trump The US President Donald Trump announced that his upcoming reciprocal tariffs will affect all countries globally, rather than being limited to 10-15 nations with significant trade deficits.Trump plans to reveal an extensive tariff scheme on Wednesday, which he refers to as “Liberation Day.” Previously, he has implemented duties on aluminium, steel, […]
