June 8, 2025
Sydney 29

Day after being struck down, US appeals court allows Trump tariffs to ‘temporarily’ stay in effect

US President Donald Trump has been temporarily allowed to keep enforcing tariffs under emergency powers, just a day after a federal court ruled he had overstepped his authority by trying to impose sweeping tariffs on foreign goods.In a strongly-worded decision on Wednesday, the US court of international trade said that Trump unlawfully invoked emergency powers […]

US Fed pauses rate cuts again says ‘great deal of uncertainty’ over Trump’s tariffs

File photo: US federal reserve chair Jerome Powell (Picture credit: AP) US Federal Reserve Chair Jerome Powell on Wednesday warned that US President Donald Trump’s escalating and uncertain tariff policies could force the central bank into a difficult position where its key objectives, low inflation and maximum employment, might come into conflict. “I think there’s […]