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Trump Tariffs

All articles tagged with #trump tariffs

politics1 month ago

Tariffs Backfire on Farmers as GOP Faces Rural Warning Signs

Trump’s tariff strategy aims to boost farm exports and justify $12B in direct aid, but Purdue data show farmer sentiment deteriorating (lowest since 2024), 44% say operations are worse off, and 15,000 fewer farms in 2025 with a 46% jump in bankruptcies, pressuring rural Republicans to push more aid, market access, and a new farm policy ahead of the 2026 midterms. Democrats say farmers are hurting, while many trade deals remain unfinished, limiting relief despite the administration’s claims.

via Politico|
#agriculture-economy#farmers#midterms
States sue to block Trump’s new tariffs after Supreme Court ruling
politics1 month ago

States sue to block Trump’s new tariffs after Supreme Court ruling

New York AG Letitia James and 23 other state attorneys general filed a lawsuit in the Court of International Trade to block President Trump’s latest global tariffs under Section 122 of the Trade Act of 1974 and seek refunds, arguing the tariffs violate the Constitution and require consistent application, a challenge that follows the Supreme Court’s ruling striking down the prior IEEPA-based tariffs and amid White House defenses of the policy.

via CNBC|
#international-emergency-economic-powers-act#letitia-james#politics
Cuba’s aviation fuel squeeze hits airlines as Trump tariff threats loom
world2 months ago

Cuba’s aviation fuel squeeze hits airlines as Trump tariff threats loom

Cuba says international airlines can no longer refuel there due to a kerosene shortage, with aviation fuel set to run out by Monday and airports nationwide affected for about a month; the move comes as the Trump administration threatens tariffs on any oil supplied to Cuba, with Russia calling the situation truly critical and Havana planning fuel rationing measures as Mexico considers humanitarian aid.

via CNBC|
#aviation-fuel#cuba#fuel-shortage
world2 months ago

Coupang becomes a flashpoint in Trump’s digital trade push

Coupang, South Korea’s largest online retailer nicknamed the 'Amazon of Asia,' has actively aligned with the U.S. on digital policy and expanded its Washington lobbying, making it a focal point as the Trump administration pursues tariffs and Seoul advances digital regulations that critics say discriminate against American firms; despite a tentative trade deal, Coupang’s data breach and related investigations keep the U.S.–Korea digital policy debate in flux.

via Politico|
#coupang#digital-policy#lobbying
Trump trims India tariffs to 18% after Modi agrees to halt Russian oil imports
global-trade2 months ago

Trump trims India tariffs to 18% after Modi agrees to halt Russian oil imports

US President Donald Trump said the United States will cut India’s tariffs from 50% to 18% after Narendra Modi allegedly agreed to stop buying Russian oil, a move that also includes a pledge for India to increase purchases of American goods; Modi hinted that Made in India products will face an 18% tariff. Analysts expressed skepticism about the $500 billion Buy American claim and questioned whether India will truly zero its tariffs for US goods, noting India’s still-strong oil ties with Russia and the likelihood that tariff reductions will be more limited in practice.

via Financial Times|
#global-trade#narendra-modi#oil
Markets Slip as Trump Relief Rally Fades and Iran Tensions Rise
markets2 months ago

Markets Slip as Trump Relief Rally Fades and Iran Tensions Rise

U.S. stocks opened lower on Friday with the Dow down about 0.3%, the S&P 500 around 0.1%, and the Nasdaq flat, ending a relief rally after Trump backed off tariffs on Greenland. Intel’s weak outlook weighed on the chip sector, while tensions with Iran kept risk appetite in check. Gold rallied toward $5,000 with Goldman Sachs forecasting about $5,400 by year-end, and the dollar eased as safe-haven demand grew and the yen strengthened.

via Barron's|
#dow#gold#markets
Europe faces a high-stakes week as Trump tariff threats loom
world2 months ago

Europe faces a high-stakes week as Trump tariff threats loom

EU capitals brace for a tense week as Donald Trump threatens 10% tariffs on six EU states and Nato allies over Greenland, prompting potential retaliation of up to €93bn and possible use of the Anti-Coercion Instrument to curb US firms’ EU access. Leaders are set for crisis talks, including an emergency summit in Brussels after Davos, as they weigh carrots and sticks while monitoring crisis diplomacy. ECB vice-president candidate Mário Centeno warns tariffs would be a “structural shock” requiring coordinated monetary, fiscal and competition policy, even as some officials hope Trump’s threats prove temporary.

via Financial Times|
#eu-us-relations#european-economy#global-trade
SCOTUS to rule on legality of Trump tariffs, not their wisdom
politics2 months ago

SCOTUS to rule on legality of Trump tariffs, not their wisdom

The Supreme Court is set to decide whether Trump’s tariffs, imposed under the International Emergency Economic Powers Act, are constitutional; the piece argues that legality does not equal wisdom, highlighting how unilateral, changing tariffs concentrate power away from Congress, create investment-uncertainty, and reduce accountability, potentially serving as a stealth tax and inviting rent-seeking—contingent on the tariffs’ legality, such a framework could raise over $2 trillion in revenue over a decade if allowed to stand.

via The Conversation|
#checks-and-balances#economic-democracy#ieepa-1977