President Trump has claimed the authority to bypass Congress and impose sweeping tariffs on foreign products, arguing the import duties are necessary to strengthen the U.S. economy. Now a federal appeals court has thrown a roadblock in his path. The U.S. Court of Appeals for the Federal Circuit ruled Friday that Mr. Trump went too far…
The surprisingly candid comments contradict the stance of European Commission President Ursula von der Leyen, who has insisted the unbalanced pact, which set a 15 percent base tariff on European exports, had nothing to do with maintaining U.S. President Donald Trump’s support for Ukraine. “There is no linkage between the two,” von der Leyen said during…
By Mariana Hernandez CIUDAD JUAREZ, Mexico (Reuters) -For 11 years, Fabiola Galicia worked her way up the ranks at a factory that produced decorative ribbons in Ciudad Juarez, just across the border from El Paso, Texas. Starting as a production line worker, she was eventually promoted to manager overseeing 30 employees. But in June, her…
This year the summit will focus largely on U.S. President Donald Trump’s trade war. Trump has slapped 50 percent tariffs on Indian goods over New Delhi’s continued purchases of Russian oil. Putin meanwhile is facing fresh Western sanctions tied to his ongoing war in Ukraine. “How in the hell did Trump so alienate Modi that…
President Donald Trump has decided not to visit India for the Quad meeting later this year as relations between him and Indian Prime Minister Narendra Modi continue to cool, according to a report from The New York Times. Newsweek reached out to the White House and the Indian Ministry of External Affairs for comment by…
New York Attorney General Letitia James hailed a major court ruling striking down much of Donald Trump‘s tariff program, calling it a victory for ordinary Americans. “A court ruled in our favor and declared that the President cannot impose tariffs whenever, wherever, or however he wants,” James wrote on X. She added: “This is a…
President Donald Trump is facing a “self-inflicted disaster” on the economy, a Nobel Prize-winning economist has said. A federal appeals court ruled on Friday that most of Trump’s tariffs were imposed unlawfully, upholding an earlier decision by the Court of International Trade. The ruling does not outlaw tariffs themselves, but found that Trump’s method—using the…
In a setback to Donald Trump, the federal appeals court ruled on Friday that the US President had no legal right to impose sweeping tariffs on almost every country, but allowed them to remain in place for now, giving him time to take the fight to the Supreme Court. US President Donald Trump wears a…
A federal appeals court in the country ruled on Friday that US President Donald Trump’s tariffs on almost every country on earth have no legal basis. However, the court did not immediately rescind the tariffs, giving the administration time to appeal to the Supreme Court. US President Donald Trump has faced a setback as far…
The end of the de minimis tax loophole on Friday means that low-cost shipments to the U.S. are no longer exempt from import duties, a potential hit to consumers ordering goods from abroad. Under the prior tax break, parcels containing goods worth less than $800 were not subject to tariffs, making many products from overseas, such…