‘Studying all developments’: India reacts after US Supreme Court strikes down Trump’s tariffs

[ad_1] NEW DELHI: The government on Saturday said that India is closely “studying all developments and implications” of the US Supreme Court’s ruling striking down President Donald Trump’s sweeping tariffs across the world.In its first statement, the ministry of commerce & industry said, “We have noted the US Supreme Court judgement on tariffs yesterday. President […]

‘100% tariff’: US official says Trump proposed higher duties on Russian oil buyers India, China in EU talks – Report

[ad_1] US president Donald Trump (AP photo) United States is considering expanding tariffs on countries that buy Russian oil, including India, but only if the European Union takes similar steps, a US official told news agency AFP on Tuesday. According to the report, dialling in to talks between US and EU officials, president Donald Trump […]

‘100% tariff’: US official says Trump proposed higher duties on Russian oil buyers India, China in EU talks – Report

[ad_1] US president Donald Trump (AP photo) United States is considering expanding tariffs on countries that buy Russian oil, including India, but only if the European Union takes similar steps, a US official told news agency AFP on Tuesday. According to the report, dialling in to talks between US and EU officials, president Donald Trump […]

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

[ad_1] 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 […]

What’s IEEPA – law Trump used for tariffs faces legal hurdle; SC showdown likely

[ad_1] 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 […]

US-China trade row: Donald Trump says he could ‘destroy China’; hints at 200% tariffs on rare earths

[ad_1] 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 […]

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

[ad_1] 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 […]

‘Set your clocks to more expensive’: Stephen Colbert, Jimmy Fallon criticize Trump’s tariffs on India; says it’s ‘punishing’ Brazil

[ad_1] 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 […]

Trade war: Donald Trump signs executive order imposing tariffs up to 41% – what to know

[ad_1] 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 […]

Federal court question Trump’s tariff authority; cites limit of emergency law, case likely headed to Supreme Court

[ad_1] 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 […]