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 […]
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 […]
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 […]
Donald Trump (AP) Stephen Colbert, Jimmy Fallon (ANI) Late-night show hosts Stephen Colbert and Jimmy Fallon have criticised US President Donald Trump for imposing a 50 percent tariff on India.“I hope you remembered to set your clocks back to ‘more expensive’,” adding that Trump’s sweeping new tariffs are set to make the prices of items […]
US President Donald Trump on Friday signed an executive order imposing higher tariffs on a dozen key trading partners across the globe. The tariff rates range from 41% on Syria to an increased 35% on Canada.The new tariff regime, which takes effect on August 7, aims to rebalance long-standing trade deficits that the administration claims […]
Appellate judges question Trump’s authority to impose tariffs (Image credits: AP) Appellate judges expressed skepticism Thursday over US President Donald Trump’s legal rationale for imposing broad tariffs without congressional approval, raising doubts about his use of the International Emergency Economic Powers Act (IEEPA) to justify the move.During a 99-minute hearing before the US court of […]
In a bizarre twist of international trade policy, it wasn’t just penguins that found themselves unexpectedly swept up in US tariffs — even the volcanoes of Australia’s most remote territory weren’t spared.Heard and McDonald Islands, two sub-Antarctic outposts located about 4,000 kilometers southwest of mainland Australia, were included in sweeping tariff measures introduced under President […]
US President Donald Trump announced on Tuesday (local time) that he is planning to impose tariffs of over 10 per cent on goods from smaller countries, including nations in Africa and the Caribbean, news agency AP reported. “We’ll probably set one tariff for all of them,” Trump told reporters, explaining that the rate could be […]
Retail giant Amazon on Tuesday dismissed the proposal of displaying US tariff-related price increases to customers. This response came after the White House criticised the proposal. “The team that runs our ultra-low-cost Amazon Haul store considered the idea of listing import charges on certain products. This was never approved and is not going to happen,” […]
China on Wednesday signaled a renewed willingness to engage in trade negotiations with the United States, declaring that “the door for talks is wide open” amid ongoing tariff tensions.The statement follows recent comments by US President Donald Trump, who hinted that the sweeping tariffs on Chinese imports—some as high as 145 percent—could be significantly reduced […]
