Trump criticizes court rulings on tariffs, plans to appeal by Wednesday
On Tuesday, President Trump announced that his administration would contest a recent Court of Appeals ruling which backed his global tariffs and dismissed his assertion of an “urgent” situation. Trump expressed concerns about the repercussions of the ruling from the U.S. Court of Appeals for the U.S. Circuit, noting that the decision upheld a lower […]
Bessent: Trump administration is prepared if the Supreme Court decides against tariffs
Treasury Secretary Discusses Backup Plans for Tariffs Amid Legal Uncertainty On Monday, Treasury Secretary Scott Bessent stated that the Trump administration has multiple strategies in place to impose tariffs on foreign trading partners if the Supreme Court decides to eliminate fees set by the International Emergency Economic Powers Act (IEEPA). “I would support the Supreme […]
Trump’s new tariffs will lead to a loss of support.
President Trump’s broad tariffs are proving costly for Americans, with estimates suggesting around $160 billion in expenses this year alone. The newly imposed tariffs not only affect cheaper imports but also seem to dampen Trump’s voter base, possibly leading to some backlash among consumers. Inflation has emerged as a major public concern. As noted by […]
Trump suffers a significant defeat on tariffs
The Federal Circuit Court of Appeals ruled on Friday with a 7-4 decision that imposing unilateral taxes on the president’s imports was “invalid against the law.” Trump has asserted the authority to set, alter, and eliminate tariffs on any country under the International Economic Emergency Rights Act, a provision that hasn’t been utilized for tariffs […]
American firms operating in China continue their presence despite tariffs
Survey Reveals American Companies’ Stance on China Amid Tariffs A recent survey indicates that, despite President Trump’s tariffs, four American firms operating in China intend to stay put in the country. The US-China Business Council found that tariffs have surged to become the second greatest concern for businesses, only trailing the broader trade relationship between […]
Trump remains steadfast on India tariffs while Modi emphasizes relationships with Russia and China.
President Trump is standing firm on the tariffs he recently imposed on India, which he enacted as a response to the country purchasing Russian oil. This comes as Indian Prime Minister Narendra Modi holds discussions with Russian President Vladimir Putin to strengthen their bond with the Kremlin. In a post on his social platform, Trump […]
Modi and Putin reinforce their close ties as India deals with high US tariffs on Russian oil imports.
During a regional summit in China’s Tianjin, Indian Prime Minister Narendra Modi and Russian President Vladimir Putin engaged with attendees as India’s relationship with the U.S. faced challenges over Russian oil purchases. The two leaders met following a significant session of the Shanghai Cooperation Organization, which focuses on regional stability and trade, along with energy […]
Trump confronts multiple legal challenges regarding the dismissal of the Fed chief, deportations, and tariffs
Trump Faces Legal Challenges Following Holiday Weekend After a lengthy holiday weekend, President Trump is diving into several significant legal matters. These range from the Federal Reserve’s policies to issues surrounding immigration enforcement. Let’s explore the key legal battles shaping Trump’s week. On Friday, U.S. District Judge Jia Cobb, a Biden appointee, signaled that Trump […]
Global stocks show varied movement as investors await updates on Trump’s tariffs.
BANGKOK – Mixed Signals in Global Markets Global stock markets showed mixed results on Monday as the U.S. courts lifted higher tariffs, prompting investors to observe the unfolding situation. The U.S. market was closed due to Labor Day, but futures on the S&P 500 and the Dow Jones Industrial Average saw a slight rise of […]
Trump’s Tariffs Will Eliminate India’s Savings on Affordable Russian Oil
Economic Implications of India’s Oil Purchases Analysts have indicated that the financial benefits India reaped from importing discounted oil from Russia may soon be overshadowed by newly imposed tariffs by President Donald Trump. These tariffs, which began on Wednesday, are expected to significantly impact India’s economy. According to the Global Trade Research Initiative (GTRI) in […]