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Trump Tariffs

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Trump reins in new tariffs push after court blocks emergency levies
us-politics-and-policy1 month ago

Trump reins in new tariffs push after court blocks emergency levies

Trump’s aides are re-launching a broad tariff drive using older laws after the Supreme Court blocked emergency levies, proposing 25% duties on Brazil, a Vietnam probe, and 10–12.5% duties on more than 60 countries over forced-labor rules, plus investigations into industrial overcapacity and subsidies and a China policy board inviting input. The plan aims for durability under Section 122/301 rules, with a late‑July deadline to keep Levies in place, though it faces potential legal challenges; some relief is offered by cutting farm‑equipment tariffs to 15% from 25% as inflation and midterm politics loom.

via Financial Times|
#global-trade#trade-disputes#trump-tariffs
Court rules Trump’s 10% global tariffs illegal in key setback for trade policy
business2 months ago

Court rules Trump’s 10% global tariffs illegal in key setback for trade policy

A US Court of International Trade ruled that Donald Trump’s 10% global tariffs imposed under Section 122 of the Trade Act of 1974 were unauthorized by law, applying only to the two companies in the case and not suspended broadly. The decision adds to legal headwinds against his trade agenda and hinges on whether balance-of-payments deficits are the same as a trade deficit. The White House did not comment, while ongoing Section 301 investigations could lead to new duties, with the baseline tariff set to expire in late July.

via Financial Times|
#balance-of-payments-deficits#business#court-of-international-trade
politics2 months ago

Court finds Trump's replacement tariffs unlawful, grants narrow relief

A divided U.S. Court of International Trade ruled that Trump’s 10% replacement tariffs, imposed under Section 122 of the Trade Act of 1974, are unlawful; the injunction covers only Washington state and two companies (Burlap & Barrel and Basic Fun!), leaving nationwide collection in place for now and likely prompting an appeal as the administration continues to pursue tariffs under other authorities.

via Politico|
#burlap-and-barrel#court-of-international-trade#politics
Trump presses 25% tariff on EU cars unless US production rises
world2 months ago

Trump presses 25% tariff on EU cars unless US production rises

President Donald Trump said he will impose a 25% tariff on EU cars and trucks entering the United States next week unless European manufacturers move production to U.S. plants; shipments manufactured in the United States would face no tariff. The move upends last year's trade deal reducing tariffs on many EU imports and heightens transatlantic tensions, drawing warnings from EU officials and automakers about potential damage to the European auto industry.

via Financial Times|
#automobiles#global-trade#trade-disputes
politics4 months 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
politics4 months 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
world5 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
world5 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-trade5 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
markets5 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