Farmers worry that China tariffs will impact their income despite Trump trade agreements – CBS News Watch CBS News China resumed U.S. soybean purchases after the Trump administration negotiated new trade terms, but farmers are worried the impact of tariffs will still be grave. CBS News’ Lana Zak reports. Source link
During a back and forth with reporters on Thursday in the Oval Office, President Trump recognized that US consumers are “paying something” for tariffs. “No, I don’t agree. I think that they might be paying something. But when you take the overall impact, the Americans are gaining tremendously,” Trump said. The White House has said…
On Wednesday, Solicitor General D. John Sauer insisted that the “most natural” and “common-sense” reading of IEEPA’s authorization to regulate importation is that it encompasses a power to impose tariffs, even though the word “tariff” is not used in the statute. If the Court decides against the President, the lucid performance of Neal Katyal, representing…
High tariffs on America’s trading partners are likely to remain in place even if the Supreme Court rules that President Trump improperly invoked federal emergency powers to impose the levies, according to trade experts. In a hearing on Wednesday, several of the high court justices appeared skeptical of Mr. Trump’s use of the 1977 International…
By John Kruzel WASHINGTON (Reuters) -After the U.S. Supreme Court used a conservative legal principle called the “major questions” doctrine to blow holes in Democratic former President Joe Biden’s agenda, will Republican President Donald Trump’s sweeping tariffs suffer the same fate? That is a key question as the court decides the legality of tariffs that…
NO SITTING PRESIDENT has ever attended an oral argument at the Supreme Court. That is one precedent Donald Trump chose not to break after flirting with the idea of turning up for the arguments in Learning Resources v Trump—the case challenging the legality of Mr Trump’s tariff barrage that was heard on November 5th. PREMIUM…
The Supreme Court on Wednesday began its highly anticipated consideration of President Trump’s sweeping blanket tariffs, with the lawyer for the government making an audacious case. Trump’s duties “are not revenue-raising tariffs,” US Solicitor General D. John Sauer argued before the court, calling the tens of billions of dollars currently being brought in each month…
Toymaker takes tariff fight to Supreme Court: “I definitely want my money back” – CBS News Watch CBS News Toymaker Rick Woldenberg made it his mission to challenge President Trump after he imposed sweeping tariffs earlier this year. Now, his fight has landed in the Supreme Court. Maurice DuBois reports. Source link
Rick Woldenberg says it’s not in his nature, nor consistent with the mission of his Chicago-area toy business, to sit quietly in the face of an existential threat. So last April, a few weeks after the Trump administration unveiled sweeping tariffs on so-called “Liberation Day,” he took action. Woldenberg sued President Trump and his top…
Washington — The Supreme Court is set to consider Wednesday whether President Trump can unilaterally impose tariffs on nearly every country under a federal emergency powers law, with the justices poised to test a centerpiece of his economic agenda and the limits of presidential powers. The court fight over Mr. Trump’s sweeping tariffs marks the…