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The European Union’s executive arm requested “full clarity” from the United States and asked its trade partner to fulfill its commitments after the U.S. Supreme Court struck down some of President Donald Trump’s most sweeping tariffs. Trump has lashed out at the court decision and said Saturday that he wants a global tariff of 15%, up from the 10% he announced a day earlier. The European Commission said the current situation is not conducive to delivering “fair, balanced, and mutually beneficial” trans-Atlantic trade and investment, as agreed to by both sides and spelled out in the EU-U.S. Joint Statement of...

A 6-3 Supreme Court majority on Friday struck down President Trump’s sweeping emergency tariffs (Learning Resources v. Trump) in a monumental vindication of the Constitution’s separation of powers. You might call it the real tariff Liberation Day. It’s hard to overstate the importance of the Court’s decision for the law and the economy. Had Mr. Trump prevailed, future Presidents could have used emergency powers to bypass Congress and impose border taxes with little constraint. As Chief Justice John Roberts explains in the majority opinion, “Recognizing the taxing power’s unique importance, and having just fought a revolution motivated in large part...

India has delayed plans to send a trade delegation to Washington this week, chiefly because of uncertainty after the US Supreme Court struck down tariffs imposed by President Donald Trump, a source in its trade ministry said on Sunday (Feb 22). One of the first concrete reactions among Asian nations to the decision, it follows Trump's move on Saturday to levy a temporary tariff of 15 per cent, the maximum allowed by law, on US imports from all countries, following the court's rejection. "The decision to defer the visit was taken after discussions between officials of the two countries," said...

U.S. Trade Representative Jamieson Greer on Sunday said the Trump administration would need guidance from the courts on how to handle tariff refunds after the Supreme Court struck down duties authorized under the International Emergency Economic Powers Act. “Well, we need the court to tell us what to do. They’ve created a situation where they struck down the tariffs and gave zero guidance on this,” Greer said during an appearance on ABC’s “This Week.” “Historically, you know, as a trade attorney, in my experience, courts will normally give you some instruction on what to do, when.” “The Court of International...

Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Sen. Rand Paul, R-Ky., introduced legislation today to repeal Donald Trump’s global tariffs, with Senate Minority Leader Chuck Schumer, D-N.Y., and Sens. Tim Kaine, D-Va., Jeanne Shaheen, D-N.H., Peter Welch, D-Vt., and Elizabeth Warren, D-Mass. The binding measure will be treated as a privileged resolution that must receive a vote on the Senate floor. The measure would terminate the emergency that Trump declared in order to slap tariffs of up to 40% on products Americans buy from other countries. In the wake of Trump’s tariff declaration, costs have...

Trump’s response to the Supreme Court tariff ruling points beyond China to “foreign interests” tied to the British Empire's Adam Smith free-trade ideology, defended by the US Chamber of Commerce and Cato Institute. She cites Treasury Secretary Scott Bessent and Ambassador Jamieson Greer framing the administration’s approach as Hamiltonian economic sovereignty, and says tariffs will continue under other laws, including a new 10% global tariff. She contrasts this with Thursday’s Board of Peace meeting, where 60 nations backed “peace through construction,” funding housing, security, and development, rejecting Kissinger-style managed conflict. She warns midterm demoralization risks ending Trump’s agenda. RT 14...

As was true for many conservatives, when I saw the headline saying that the Supreme Court had reversed Trump’s tariffs, I admit that my stomach sank. My first thought was that this was an epic disaster for the Trump administration. More than that, I thought that this is an epic disaster for the strong Trump economy, because tariffs have been a major leg of that stool.AdvertisementThen I took a deep breath and had a couple of useful thoughts. My first thought was, I bet Trump has a backup plan, because he’s always known that this could happen. He’s not the...

President Trump said on Saturday that he is going to raise his global tariff to 15%, up from 10% he imposed on Friday, after the Supreme Court struck down a set of sweeping global tariffs.

President Trump said Saturday he’s going to bump his newly imposed global tariff to 15%, in the wake of the Supreme Court decision blocking his sweeping import taxes on international trading partners.The increase was “based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday, after MANY months of contemplation, by the United States Supreme Court,” Trump wrote on his Truth Social. “During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinarily successful process of...

President Donald Trump said Friday he will sign an executive order imposing a new 10% “global tariff,” hours after the Supreme Court struck down his sweeping “reciprocal” import duties in a major rebuke of his trade agenda. The new tariffs will come on top of the existing levies that remain intact following the high court’s decision, Trump said as he raged at the ruling during a White House press briefing.

https://x.com/JoeLang51440671/status/2024919966634361197 JoeLange@JoeLang51440671·1hI keep telling people that everything has changed and nothing can stop what’s coming.The Supreme Court just “helped” Trump and most people can’t see it.They struck down tariffs based on the IEEPA law, that has been abused by past presidents, especially Obama, as I just laid out in a two part thread.That law is so broad, that it actually endangers America, when used by a corrupt president like Obama.And this ruling did nothing to stop Trump from imposing tariffs.Trump immediately declared that he would restore the tariffs struck down because of the IEEPA law.How?NATIONAL SECURITY.And here’s what most people...

The Supreme Court’s tariff decision landed about where conventional wisdom said it would: The justices ruled 6–3 that the International Emergency Economic Powers Act simply doesn’t give the president the sweeping authority the Trump administration claimed. That’s not a political rebuke. It’s a legal one, and a narrow one at that. Chief Justice John Roberts put the bottom line plainly: “We hold that IEEPA does not authorize the President to impose tariffs.” That’s it. Not that tariffs are unconstitutional. Not that Trump’s trade agenda is illegitimate. Just that this particular statute doesn’t do the work the administration wanted it to...

It isn't over until it's over, or the Fat Lady Sings. Tariffs, are not done. Here is Scott Bessent also speaking on the supject today: Scott Bessent Supposedly, Kavanugh's dissent included the roadmap for what Trump should use, that his use of that Emergency Act he ued was the wrong one to use, and pointed to the correct one. Here's the best I cvan find for that aspect of the riuling: Kavanaugh in dissent: Bad policy or not, Trump's tariffs were 'clearly lawful'

President Donald Trump on Friday escalated his criticism of the U.S. Supreme Court following its decision to strike down most of his sweeping global tariffs, suggesting that “foreign interests” may have influenced the justices who ruled against him. The comments came just hours after the high court, in a 6–3 ruling, determined that Trump had exceeded his authority by imposing broad import duties under the International Emergency Economic Powers Act. Writing for the majority, Chief Justice John Roberts concluded that the statute does not grant a president the power to levy tariffs, a responsibility the Constitution assigns to Congress. During...

The Trump Administration will take the following actions in short order to ensure continuity in reaching these goals and as part of our negotiated agreements with numerous trading partners: Immediately impose a temporary 10 percent surcharge on articles imported into the United States, pursuant to Section 122 of the Trade Act of 1974. Initiate several investigations under Section 301 of the Trade Act of 1974 (“Section 301”) to deal with unjustifiable, unreasonable, discriminatory, and burdensome acts, policies, and practices by many trading partners. We expect these investigations to cover most major trading partners and to address areas of concern such...

WASHINGTON — Delivering a major blow to President Donald Trump, the Supreme Court on Friday ruled that he exceeded his authority when imposing sweeping tariffs using a law reserved for a national emergency.

WASHINGTON, Feb 19 (Reuters) - The U.S. trade deficit widened sharply in December amid a surge in imports, and the goods shortfall in 2025 was the highest on record despite President Donald Trump's tariffs on foreign manufactured merchandise. The trade gap ballooned 32.6% to $70.3 billion, the Commerce Department's Bureau of Economic Analysis and Census Bureau said on Thursday. Economists polled by Reuters forecast the trade deficit would contract to $55.5 billion. The trade deficit narrowed 0.2% to $901.5 billion in 2025. The goods trade gap widened 2.1% to an all-time high of $1.24 trillion.

Donald Trump has vented his fury against a green energy deal between the British government and California’s governor, Gavin Newsom, a likely future Democratic presidential candidate. “The UK’s got enough trouble without getting involved with Gavin Newscum,” Trump said in an interview with Politico, using the derogatory nickname he reserves for Newsom. “Gavin is a loser. Everything he’s touched turns to garbage. His state has gone to hell, and his environmental work is a disaster.” In an intervention that is likely to be clocked by British government officials wary of potential new landmines in the UK’s relationship with the White...

(Bloomberg) — US supplies of gasoline are being shipped out of the country to travel thousands of miles via the Bahamas before finally ending up in California, a state battling shrinking fuelmaking capacity and high pump prices. Shipments on the circuitous route are increasing. California imported more gasoline in November than ever before, with more than 40% coming from the Bahamas.

Shares of several trucking and logistics companies declined Thursday on fears that new artificial intelligence tools could slash major freight inefficiencies, leading to less demand for the industry’s services. A new tool from AI company Algorhythm Holdings has made trucking companies the latest victim of the market’s AI jitters, adding to the historic sell-off in software stocks and real estate companies. The notable market rotation has come as investors are increasingly scrutinizing traditional businesses that may not be able to keep up with rapid advancements in AI. Leading trucking and logistics stocks C.H. Robinson and RXO dropped 14.5% and 20.5%,...