Donald Trump, tariffs
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President Donald Trump announced Friday that he would set tariffs on steel imported into the United States at 50%, double their current rate.
Federal court determined that President Trump doesn't have the authority to unilaterally impose tariffs, dealing a sweeping blow to his main weapon in his trade war.
President Trump’s top economic advisers stressed on Sunday that they would not be deterred by a recent court decision declaring many of the administration’s tariffs to be illegal, pointing to other authorities the White House could invoke to pressure China and other nations into trade negotiations.
President Donald Trump announced on Friday that he plans to double the tariffs on steel and aluminum imports—increasing the charge from 25% to 50%.The tariff escalation comes at a precarious time, as Trump’s “reciprocal” tariffs are immersed in legal trouble at the court level and many U.
Trump's former ambassador to Vietnam highlighted the main reason China may hesitate to strike a trade deal with the U.S.
Now, with large tariffs implemented on imports from China, Apple has begun to move some of its manufacturing to India in order to hedge its bets. However, this caught the ire of Trump, who said that Apple will face a 25% tariff on iPhone imports and that the products should be made in the United States in order to reshore manufacturing.
Mark R. Ludwikowski and Kelsey Christensen of Clark Hill PLC discuss the Trump administration tariffs and their implications on compliance with the United States-Mexico-Canada Agreement.
More uncertainty surrounds President Donald Trump’s tariffs as a new week begins. Meanwhile, the White House is ramping up its halting efforts to secure ceasefires in Gaza and Ukraine. Follow for live updates on the administration.