Trump tariffs trashed: US businesses fret as court ruling ‘worryingly silent’ over refunds

[ad_1] Thousands of US businesses scored a major victory after the US Supreme Court struck down emergency tariffs imposed by President Donald Trump. However, while companies welcomed the decision, the process of getting refunds worth billions of dollars is expected to be slow and complex.In a landmark ruling with global economic implications, the court said […]

‘Without US, the world would die’: Donald Trump boasts of economic might, calls America ‘hottest and best’

[ad_1] US president Donald Trump made tall claims about the country’s economic and global influence, saying that “without US, everything in the world would die,” he said, speaking to reporters in the Oval Office on Tuesday. He emphasized the rapid growth of the US economy during his first term, saying, “I made it really big […]

‘Third World Nation’ fear: Trump warns of fallout if tariffs struck down; slams court ruling again

[ad_1] US President Donald Trump (Pic credit: AP) US President Donald Trump on Sunday warned that the United States would become a “Third World Nation” if tariffs imposed by him were struck down by courts. Defending his sweeping tariffs, Trump said that more than $15 trillion will be invested in US, a figure he described […]

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

[ad_1] 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 […]

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

[ad_1] 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 […]