A federal appeals court on Friday ruled that many of President Donald Trump’s global tariffs were unlawful, delivering a significant blow to one of the central pillars of his trade agenda.The US Court of Appeals for the Federal Circuit upheld a lower court’s May ruling that Trump exceeded his authority by using emergency economic powers […]
US President Donald Trump (Pic credit: AP) US President Donald Trump on Friday said that he would “fight back” after a US federal court in a significant ruling found his global tariffs “illegal.” The US court of appeals for the federal circuit in Washington ruled that many of Trump’s tariffs were illegal; however, it allowed […]
A US federal appeals court on Friday ruled that most tariffs imposed by president Donald Trump under emergency powers were illegal, striking at the heart of his trade policy and setting up a likely battle in the Supreme Court, news agency Reuters reported.The ruling by the US court of appeals for the federal circuit in […]
A storm is brewing in Washington after a top White House trade adviser labeled Russia’s invasion of Ukraine “Modi’s war,” drawing sharp criticism not only from New Delhi but also from influential voices in the United States.Jewish lobby defends IndiaThe American Jewish Committee (AJC), one of the most prominent advocacy groups in the US, called […]
There’s an old Chinese curse: May you live in interesting times. Actually, there’s barely anything Chinese about said curse which is most commonly associated with late 19th century speeches of Joseph Chamberlain, which in turn was made popular by his son Austen Chamberlain, a man who won the Nobel Peace Prize for brokering peace between […]
Low-income Americans are pulling back on spending, often saying no to eating out, traveling, and even cutting back on basics like diapers, fizzy drinks, and beer, as import duties continue to push prices higher.In response, many fast-food chains are now offering cheaper, smaller meal bundles to keep demand steady.Researchers at Yale’s Budget Lab and the […]
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has claimed that the United States holds overwhelming leverage over China, even suggesting that if he chose to use it, he could “destroy” the world’s second-largest economy.Speaking in the Oval Office on Monday before a bilateral meeting with South Korean President Lee […]
Prime Minister Mark Carney on Friday announced that Canada is dropping retaliatory tariffs on US goods, aligning with Washington’s recent decision to exempt products covered under the United States-Mexico-Canada Agreement (USMCA).Speaking a day after a call with US President Donald Trump, PM Carney told reporters that starting September 1, Canada would be “eliminating all Canadian […]
Brazil announces $5.5B package to counter Trump’s tariffs Brazilian President Luiz Inacio Lula da Silva announced a plan on Wednesday to support exporters who have been hit by high tariffs of up to 50% imposed by US President Donald Trump on several products from the country.The plan provides credit of 20 billion reais ($5.5 billion; […]
US President Donald Trump on Thursday said that the secondary tariffs imposed on India may have influenced Russian President Vladimir Putin’s decision to meet him, ahead of their scheduled summit in Alaska on Friday. Trump said the tariffs “probably” played a part in bringing Moscow to the table as he seeks a peace deal in […]
