Keyword: commerce
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Tehran says it can destabilize global energy security — and that it’s a direct consequence of the Zionist regime’s actions.
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President Donald Trump on Wednesday hailed a favorable decision by a federal appeals court over his sweeping tariff policy as a “great” win for the United States. Trump said on his social media site that the court’s decision Tuesday night to let the government keep collecting his sweeping import taxes while challenges to his signature trade policy continue on appeal means the U.S. “can use TARIFFS to protect itself against other countries.” “A great and important win for the U.S.," Trump wrote. The decision by the U.S. Court of Appeals for the Federal Circuit extends a similar ruling it made...
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Trump on Oprah’s Show in 1988 Talking About Countries Ripping America Off in Trade https://www.youtube.com/shorts/cPg-cmvOpHo
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The U.S. trade deficit in goods and services narrowed sharply in April, falling to $61.6 billion from $138.3 billion in March—the largest monthly improvement on record—driven by a steep drop in imports and continued strength in American exports. The 16.3 percent decline in imports, the biggest on record, coincided with the introduction of new U.S. tariff schedules and followed months of accelerated purchasing by companies anticipating higher duties. Analysts noted that much of the shift reflected a hangover after months of elevated imports as businesses rushed to bring in goods ahead of the tariff hikes. At the same time, exports...
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The Congressional Budget Office (CBO) projects that recent U.S. tariff increases will reduce federal deficits by $2.8 trillion over the next decade, primarily through increased customs revenue and lower interest payments on federal debt—more than enough to offset the projected cost of President Donald Trump’s proposed tax cut bill. In a separate analysis, the CBO recently estimated that extending the 2017 tax cuts, as proposed in the administration’s new tax and spending bill, would increase the deficit by roughly $2.4 trillion over the same period. That legislation would reduce federal revenues by $3.67 trillion while cutting spending by $1.25 trillion,...
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If we cut through all the polite pretending, Commerce Secretary Howard Lutnick appears on Fox News to tell the bobble head the nation specific tariffs are going to hit regardless of what approaches need to be taken. President Trump is going to remain focused on structural changes to the global economic system of trade, manufacturing and USA commerce despite all of the grandiose efforts of the multinationals and their Lawfare foot soldiers.As Lutnick again repeats, there are a variety of legal mechanisms that can be used to enforce the tariff program triggered by President Trump. Adhering to them is not...
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According to sources, a stern President Trump took the Fed head, Jay Powell, to the woodshed yesterday during their Oval Office meeting.Mr. Trump wants the Fed to lower its target rate. And equally, of course, Mr. Powell has stubbornly avoided any policy changes.You know what? Mr. Trump is right.The latest inflation report out today shows the Fed’s favorite measure, the personal consumption deflator, has risen only 2.1 percent annually over the past three months, and the same 2.1 percent over the past 12 months.The Fed’s target is 2 percent.So, you would think Mr. Powell & Co. would at least be...
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In light of the new wave of liberal lawfare being waged against President Trump’s tariffs, it’s worth considering: do the liberals have a point? Rand Paul certainly thought so—recall that a few weeks ago he brought the Senate to a tiebreaking vote to halt the tariffs. This is because Article 1, Section 8, Clause 1 of the Constitution explicitly grants Congress the power to “lay and collect Taxes, Duties, Imposts and Excises” and to “regulate Commerce with foreign Nations”. Strictly speaking, Congress has these powers—not the Executive. However, Congress also has the authority to delegate powers to the Executive for...
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We're getting a bit of federal court whiplash Thursday on the tariff front. As RedState reported Wednesday evening, in a pair of cases, the Court of International Trade (CIT) held that the Trump administration's actions on tariffs, invoking the International Emergency Economic Powers Act (IEEPA), exceeded the president's authority under the statute and thus violated the separation of powers set forth by the Constitution. The ink had barely dried on that decision before the administration appealed it to the Federal Circuit Court of Appeals. Now, that court has pressed pause on the lower court ruling. In a per curiam order...
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Two courts ruled against the tariff policy enacted by President Donald J. Trump. On Wednesday, the U.S. Court of International Trade ruled that Trump’s tariff policy was unlawful, blocking a central tenet of the president’s agenda on the economy and trade. The Liberation Day reciprocal tariffs led to scores of nations lining up to renegotiate their deals. We’ve already inked our new one with the United Kingdom. D.C. District Court Judge Rudolph Contreras also ruled earlier today that the tariff policy was illegal, though he stayed his decision for 14 days to allow for the appeals process. Yet, before the...
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SummaryTrump administration has said it will appeal court ruling Second federal court blocks some levies Markets see modest gains in response Analysts say even a pause provides valuable time May 29 (Reuters) - Senior Trump administration officials on Thursday downplayed the impact of a U.S. trade court ruling that blocked the most sweeping of President Donald Trump's tariffs, expressing confidence it would be overturned on appeal and insisting there are other legal avenues to employ in the interim. Financial markets, which have whipsawed wildly in response to every twist and turn in Trump's chaotic trade war, reacted with cautious optimism...
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A federal judge on Thursday issued a preliminary injunction and ruled President Trump’s tariffs are unlawful under the International Emergency Economic Powers Act (IEEPA). US District Judge Rudolph Contreras, an Obama appointee said Trump’s tariffs are “unlawful.” Contreras said his preliminary injunction only applies to the two companies that filed suit, however, his ruling could open the door to more widespread injunctions. Contreras’ injunction is separate from the permanent injunction issued by a three-judge panel on the Court of International Trade. The Court of International Trade in New York on Wednesday said President Trump exceeded his authority to impose tariffs...
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Key Points A U.S. trade court ruled that Trump had overstepped his authority by invoking an emergency law to impose sweeping tariffs on nearly every country. Economists at Goldman Sachs said the White House likely has a few tools at its disposal to ensure it is only a temporary problem. Lawyer James Ransdell said the ruling marks the first in many cases still pending — and is the first opinion “to really address the meat of the plaintiffs challenge.” ================================================================= U.S. President Donald Trump could still find a workaround after suffering a major blow to a core part of his...
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A federal court on Wednesday blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law, swiftly throwing into doubt Trump’s signature set of economic policies that have rattled global financial markets, frustrated trade partners and raised broader fears about inflation intensifying and the economy slumping. The ruling from a three-judge panel at the New York-based U.S. Court of International Trade came after several lawsuits arguing Trump’s “Liberation Day” tariffs exceeded his authority and left the country’s trade policy dependent on his whims. But for now, Trump might not have the threat of import taxes to exact...
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A federal court has determined that President Donald Trump does not have the authority to unilaterally impose tariffs, dealing a sweeping blow to the president's main weapon in his ongoing global trade war. A panel of judges on the U.S. Court of International Trade found the tariffs were unlawful and permanently vacated them.
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Homeland security has gone about apprehending suspects living in luxury homes (Hollywood Hills and Burbank), some of whom are in america illegally. Journalistic report, including news footage and commentary on current events.
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In his speech to the Canadian Parliament, the King sent a stronger-than-expected message to Donald Trump today. In the face of the US President’s goading, imposition of tariffs, and threats to annex his northern neighbour, Charles III warned Canada was facing unprecedented challenges in the postwar era in a world that has never been more dangerous and unstable. But he insisted Canada would protect their self-determination, forge new economic relationships with allies based on free trade, strengthen their military, and in a pointed signal to his old friend in the White House, a big fan of the Royal Family, he...
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Japan is reportedly planning to import nearly $7 billion worth of U.S.-made semiconductors in a move that could significantly benefit chipmakers like Nvidia Corporation amid ongoing trade negotiations with the Donald Trump administration. What Happened: Japan has proposed purchasing up to 1 trillion yen ($6.94 billion) in U.S. semiconductor products, reported Reuters via Asahi newspaper, which cited unidentified sources. The Japanese government would subsidize domestic companies that purchase the American chips, the report said. The plan is designed to help reduce the U.S.'s approximately 10 trillion yen trade deficit with Japan. Japan's chief tariff negotiator, Ryosei Akazawa, is expected to...
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The European Union's trade chief said the 27-member bloc is committed to securing a trade deal with the US based on "respect" not "threats". It comes after US President Donald Trump threatened to slap a 50% tariff on all goods sent to the US from the EU. "The EU's fully engaged, committed to securing a deal that works for both," EU Trade Commissioner Maros Sefcovic said after a call with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick. "EU-US trade is unmatched & must be guided by mutual respect, not threats. We stand ready to defend our interests."...
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As part of a flurry of posts on Truth Social on Friday morning, Donald Trump is now proposing slamming the European Union (EU) with a massive new tariff because of the "unacceptable" trade imbalance the U.S. has rung up. Moments after threatening Apple and executive Tim Cook with a 25 percent tariff unless iPhones are made in the U.S., the president moved on to another threat certain to roil the stock market. On Truth Social he wrote: "The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult...
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