FedEx has become the latest major corporation to file a lawsuit against the administration, seeking refunds for tariffs imposed under former President Trump’s policies. This legal action follows a landmark decision by the Supreme Court that struck down the administration’s broad tariff program. However, the court’s ruling did not clarify whether companies that paid the […]
A new 10% global tariff rate took effect today, setting the stage for a president’s State of the Union address. This policy is a direct response from the administration after the Supreme Court struck down more sweeping trade measures. All eyes are now on the upcoming speech, where the president is expected to defend this […]
A new 10% global tariff rate took effect today, introduced by the administration after the US Supreme Court struck down its previous, broader tariff policies. The President is expected to further discuss the reasoning behind this new tariff push in the upcoming State of the Union address. According to a chief economist from a major […]
As the President prepares to address the nation, he brings a renewed focus on tariffs to the forefront. This move comes at a time when skepticism is growing, even among members of his own party. The President has stated he does not require congressional approval for these actions, yet he faces a political landscape where […]
A senior official from the European Central Bank stated that the US economy has borne the heaviest burden from recent tariffs. Speaking at a financial conference in Venice, he explained that while foreign exporters absorbed an estimated 10% of the cost, the initial impact was largely taken by the profit margins of US firms. Over […]
Trading partners across Asia began grappling with a fresh wave of uncertainty after the US administration announced a new import tariff, just hours after a Supreme Court ruling struck down many of the sweeping levies that had sparked a global trade war. The court’s decision invalidated a range of tariffs previously imposed on major Asian […]
A new study from the Federal Reserve Bank of New York, which found that U.S. consumers and businesses bore the vast majority of costs from tariffs imposed the previous year, is facing strong criticism from the current administration. A senior economic official called the paper “an embarrassment” and “the worst paper I’ve ever seen in […]
Friday’s announcement from the White House hinted that the Trump administration might roll back some tariffs on goods that use steel and aluminum—from ovens to drink cans. While the administration said the decision is not yet final, the possibility signals the newest chapter in a series of tariff concessions that have unfolded over the past […]
President Trump is preparing to roll back some of the tariffs he imposed on metals, including steel and aluminum, as the administration battles an affordability crisis ahead of the midterm elections. The move comes after a rare rebuke of his tariff regime when members of his own party crossed lines to vote to scrap the […]
The president announced new duties on softwood timber and lumber at 10%, plus a 25% tariff on certain upholstered wooden products, set to take effect on October 14. This move follows earlier tariffs on kitchen cabinets, vanities, and other upholstered items that began on October 1, further tightening the country’s approach to the furniture industry. […]
