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 […]
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 […]
Governments around the world reacted with caution after the US Supreme Court invalidated a set of broad emergency tariffs. The decision prompted a mix of responses, with some nations reaffirming existing agreements and others adopting a wait-and-see approach to evaluate the next steps from Washington. South Korea announced that the ruling voids the 15% tariff […]
Governments and companies around the world scrambled to determine the impact of a U.S. Supreme Court ruling that struck down some of the sweeping global tariffs implemented by the previous administration. This latest development in an ongoing trade policy saga, which began over a year ago, has roiled trade officials from South Korea to South […]
When plans were announced to raise the nation’s tariff rates to levels not seen in nearly a century, the response from most corporate leaders was silence. Fearing that opposing the president’s signature economic policy could prove more costly than the policies themselves, multinational corporations with billions in revenue at stake chose to stand still. But […]
Treasury Secretary Scott Bessent stated that any refunds from tariffs struck down by the Supreme Court would amount to “ultimate corporate welfare,” suggesting he sees little benefit flowing to American consumers. Bessent’s comments came hours after the high court’s ruling, which left unanswered the question of what happens to money already collected. He indicated that […]
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 […]
The head of a major American automaker recently spoke with senior US administration officials about a potential framework for Chinese car companies to manufacture vehicles in the United States. The discussions, which took place last month, explored the possibility of Chinese automakers partnering with US companies through joint ventures where the American firm would hold […]
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 […]
