Trump, Tariffs and Court order
Digest more
35mon MSN
A cloud hangs over the global economy, experts have warned, after a bombshell court ruling blocked Donald Trump’s tariffs, creating more “confusion and uncertainty”.Financial markets reacted positively to the unanimous ruling by three judges,
A coalition including leading figures on the right said the president’s program did violence to the Constitution. One judge cited it eight times.
President Donald Trump’s top economic advisers stressed Sunday that they would not be deterred by a recent court decision that declared many of the administration’s tariffs to be illegal, as they pointed out a variety of additional
U.S. Commerce Secretary Howard Lutnick downplayed the impact of legal uncertainty around U.S. tariffs on negotiations with the European Union during an interview with Fox News Sunday, saying talks were ongoing.
Even if courts block many of President Trump’s tariffs, households would still lose an estimated $950 in purchasing power a year, a Yale analysis shows.
No matter the outcome of a major legal case on President Donald Trump’s tariffs, his import taxes are likely here to stay — in one form or another.
Commerce Secretary Howard Lutnick insisted Sunday a court fight over President Donald Trump's tariff power won't blunt the administration's leverage as it works on trade deals with key partners ahead of a July deadline.