Steel, de minimis & China: Court declares ‘most’ Trump tariffs illegal – what levies are spared

A federal appeals court has ruled that most of US President Donald Trump’s “reciprocal tariffs” are illegal, but several key parts of his trade agenda remain unaffected, CNBC reported.The US court of appeals for the federal circuit on Friday held that Trump exceeded presidential authority when he imposed broad levies covering nearly 69 percent of […]

Another tariff hit: Donald Trump signals levies on chips and steel; semiconductor duties may hit 300%

US President Donald Trump is loading another tariff bullet, this time aimed at semiconductor chips and steel.The move, expected to be announced in the coming weaks, could shake the already rattled global trade.“I’ll be setting tariffs next week and the week after on steel and on, I would say, chips,” Trump told reporters aboard Air […]