All articles tagged with #trump tariffs
China’s exports rose 14.1% year over year in April, beating forecasts and signaling robust manufacturing ahead of the Xi–Trump summit; imports climbed 25.3%, pushing the trade surplus to about $84.8 billion, as high‑end electronics and machinery lead export growth and tariffs appear not to have slowed China’s export engine.
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.
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.
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.
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.
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.
The Supreme Court overturned Trump’s emergency tariffs, paving the way for refunds on roughly $175 billion in duties; the process is legally murky, may take months or years, and could backfire politically as refunds may flow to consumers or Chinese importers, underscoring the policy’s flawed design and economic cost.
The European Parliament froze ratification of the EU–U.S. trade deal amid concerns that Trump’s latest tariff threats breach the Turnberry accord, delaying a March vote as the U.S. considers a 15% global tariff and as lawmakers push for safeguards on steel and a six‑month review.
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.
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.
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.
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.
Democrats plan to force House and Senate votes to block Trump’s 10% tariffs on European allies tied to his Greenland bid, putting wavering Republicans on the spot. While some GOP members oppose blocking tariffs, party leaders worry about a government-shutdown risk and await a Senate/House path and a potential Supreme Court ruling on the president’s tariff powers.
A Seeking Alpha roundup features Ray Dalio warning that Trump's aggressive foreign policy could deter foreign investors from U.S. assets, Amazon noting tariffs are lifting some prices and slowing inventory turnover, and Novartis stating its U.S. investments and trade deals should shield it from most tariffs with contingency plans in place.
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.