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Keyword: trade

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  • Supreme Court takes up fast-moving appeal over Trump’s tariffs

    09/09/2025 2:52:44 PM PDT · by MinorityRepublican · 31 replies
    CNN ^ | September 9, 2025 | John Fritze, Elisabeth Buchwald
    The Supreme Court agreed Tuesday to hear arguments over President Donald Trump’s sweeping global tariffs, taking up a fast-moving appeal that deals with the centerpiece of the administration’s economic agenda. In the meantime, the tariffs will remain in place while the court hears the case. Trump is pressing the justices to overturn a lower court ruling that found his administration acted unlawfully by imposing many of his import taxes, including the “Liberation Day” tariffs the White House announced in April and tariffs placed this year against China, Mexico and Canada that were designed to combat fentanyl entering the United States....
  • Political Junkie’s Advanced AI Review of the Federal Circuit Court’s Rejection of President Trump’s Tariffs

    09/04/2025 3:19:41 PM PDT · by Political Junkie Too · 28 replies
    Perplexity Pro AI and My Questions | September 4, 2025 | Political Junkie Too
    Political Junkie’s Advanced AI Review of the Federal Circuit Court’s Rejection of President Trump’s Tariffs Below is another Perplexity Pro AI discussion about emerging news. This time, I had the AI analyze the decision by the Federal Circuit Court that declared that President Trump had no delegated authority to issue his sweeping tariffs using the International Emergency Economic Powers Act (IEEPA). As has happened before, the AI starts with the mainstream opinion, and then is slowly moved to an opposite opinion once the facts are more deeply explored. As usual, this is a VERY LONG thread, as it explores...
  • Why Trump's Tariffs are Legal

    09/04/2025 12:02:53 PM PDT · by LibertyFound · 15 replies
    National Economics Editorial ^ | September 4, 2025 | Spencer P. Morrison
    After five brutal months of unrestricted lawfare against the Trump Administration, it looks like the Supreme Court will finally weigh-in on tariffs. On August 29, 2025, a Federal Circuit Court of Appeal decided that President Trump’s reciprocal tariffs were illegal. Specifically, the Court ruled that the International Emergency Economic Powers Act does not authorize the President to impose tariffs of unlimited duration, on all goods from all countries. This is because tariffs are not mentioned in the Statute, and even if they were, the tariffs are not credibly related to a national emergency. The Trump Administration is appealing. Solicitor General...
  • Phoenician Colonists Traveled with the Scents of Home

    09/03/2025 8:30:06 AM PDT · by SunkenCiv · 15 replies
    Archaeology Magazine ^ | August 27, 2025 | editors / unattributed
    As Phoenician sailors ventured into the waters of the western Mediterranean Sea to establish new settlements in the early first millennium b.c., they deliberately brought the familiar scents of home with them, according to a statement issued by the University of Tübingen. Researchers from the University of Tübingen and the Complutense University of Madrid (UCM) recently analyzed more than 50 miniature ceramic vessels found in ancient tombs, houses, and sacred areas at a Phoenician site on the island of Motya, off the west coast of Sicily. The study determined that all had been made in southern Phoenicia, near present-day Beirut,...
  • Appeals Court Rules That President Trump's Emergency Tariff Gambit Is Unlawful

    09/02/2025 5:18:54 AM PDT · by MtnClimber · 54 replies
    Manhattan Contrarian ^ | 30 Aug, 2025 | Francis Menton
    One of the signature initiatives of President Trump’s second term has been what I have called the “tariff gambit” — the rapid blizzard of tariff actions, including declarations of emergencies, tariff impositions, increases and decreases in rates, postponements, and negotiations of new trade deals with various countries. In several prior posts, including here and here, I have raised a series of concerns with this area of the President’s policies. Putting aside for a moment the question of whether these various tariff initiatives constitute good public policy, a separate question is whether the President has a legal basis to impose, raise...
  • Trump Isn’t a Tariff King

    08/31/2025 6:07:39 PM PDT · by karpov · 61 replies
    Wall Street Journal ^ | August 31, 2025 | WSJ Editorial Board
    President Trump’s tariffs are one of the broadest claims of executive power in American history, taxing imports from anywhere on his personal whim. The problem is he doesn’t have that power under the law or the Constitution, as the Court of Appeals for the Federal Circuit ruled late Friday in V.O.S. Selections v. U.S. This is a crucial moment for the Constitution’s separation of powers. A 7-4 majority upheld a lower-court decision striking down the tariffs that Mr. Trump imposed under the 1977 International Emergency Economic Powers Act (IEEPA). In February he invoked the law to slap taxes on imports...
  • US still working on trade deals despite court ruling, USTR [US Trade Representative] says

    08/31/2025 4:21:14 PM PDT · by BenLurkin · 16 replies
    ny post ^ | 08/31/2025 | Jasper Ward and Andrea Shalal
    The Trump administration is continuing its talks with trading partners despite a US appeals court ruling that most of President Trump’s tariffs are illegal, US Trade Representative Jamieson Greer said on Sunday. “Our trading partners, they continue to work very closely with us on negotiations,” he said in an interview on Fox News’ “Fox & Friends.” “People are moving forward with their deals, regardless of what this court may say in the interim.” Greer did not say which countries the US was still in talks with, but said he had spoken with one trade minister on Saturday morning. The ruling...
  • Trump Tariffs Face the Wrath of DC Court

    08/30/2025 10:10:44 AM PDT · by E. Pluribus Unum · 24 replies
    Liberty Nation ^ | Aug 30, 2025 | Mark Angelides
    A major can of worms just got opened. In a late decision on Friday, August 29, the US Court of Appeals for the Federal Circuit in Washington, DC, decided 7 to 4 that Donald Trump’s tariffs were largely imposed without the proper authority. While the levies will remain in place until October 14, the fact that the challenge exists could be enough to cause more than just market turmoil.From Court to CourtThe DC court ruled the president did not have the right to implement the type of tariffs he did using the 1977 International Emergency Economic Powers Act (IEEPA). Historically,...
  • Breaking: Bondi Responds to Federal Appeals Court Decision to Strike Down Trump’s Use of Emergency Powers to Impose Sweeping Tariffs

    08/29/2025 7:49:08 PM PDT · by Macho MAGA Man · 40 replies
    Gateway Pundit ^ | August 29, 2025 | Cristina Laila
    Full statement from Pam Bondi: President Trump found there was a national emergency and took action under the law by imposing tariffs. The judges of the Federal Circuit are interfering with the President’s vital and constitutionally central role in foreign policy. This decision is wrong and undermines the United States on the world stage. The Justice Department will appeal this decision and continue to fight to restore the president’s lawful authority.
  • Mexico Is Doing What Canada Is Ignoring – Preparing for 2026 USMCA Renegotiation

    08/29/2025 3:37:45 PM PDT · by E. Pluribus Unum · 5 replies
    There are going to be two major stories in 2026 that we will have full context to understand. Yes, the 2026 midterm politics are going to lead the headlines, but two other issues will have considerable impact.The first, is the FISA (702) reauthorization, and there is a lot that will surface in the next several months likely to upend the best laid plans of the administrative UniParty [Tulsi Factor]. The second, is the USMCA reauthorization – the end of the trilateral trade agreement, and the structural shift into two separate free trade agreements.As to the latter issue, while Mexico and...
  • Trump’s Global Tariffs Found Illegal by US Appeals Court

    08/29/2025 2:33:17 PM PDT · by janetjanet998 · 164 replies
    Trump’s Global Tariffs Found Illegal by US Appeals Court
  • Canada to remove many retaliatory tariffs on US goods, says source

    08/22/2025 8:12:23 AM PDT · by Freedumb · 26 replies
    Reuters ^ | 08/22/2025 | David Ljunggren
    Canada will announce on Friday that it is removing many retaliatory tariffs on U.S. goods, a source familiar with the matter said. Canadian tariffs on U.S. autos, steel and aluminum will remain for now, said the source, who requested anonymity given the sensitivity of the situation.
  • Transshipment’s Dead End

    08/20/2025 11:36:55 AM PDT · by E. Pluribus Unum · 10 replies
    Foundation for Economic Education ^ | Wednesday, August 20, 2025 | Jake Scott
    The loophole China exploited is Trump’s next tariff target.President Donald Trump’s executive order of July 31st, effective August 7th, has upended global trade dynamics in a single stroke. Slapping a 40% tariff on all “transshipped goods”—products rerouted through third countries to dodge US duties—this is merely the natural development of his evolving protectionist agenda.Just a week after the order, the move is a clear shot at China’s sprawling manufacturing empire, which has long exploited methods like transshipment and “nearshoring” to skirt American tariffs in general, and Trump’s tariff policies in particular.While applied globally, China stands to take the biggest hit...
  • BRICS and Ukraine

    08/16/2025 2:29:55 PM PDT · by E. Pluribus Unum · 7 replies
    The BRICS economic partnership was formed during the Obama administration. Brazil, Russia, India, China and South Africa (BRICS) watched U.S. President Obama subcontract U.S. trade policy to the U.S. Chamber of Commerce and Wall Street.In the aftermath of the 2007 economic crisis, created by Congress and banking interests, the BRICS group identified two central points of ‘western’ financial influence that concerned them.Following the financial crisis, the relationships around the World Bank (WB), International Monetary Fund (IMF), EU central banks and various multinational institutions and multinational corporations, merged even closer with the government.The priorities of the Davos and World Economic Forum...
  • Trump is bringing in enough revenue from tariffs to have a serious impact on the $37 trillion national debt, budget watchdog says

    08/13/2025 8:29:24 AM PDT · by Red Badger · 52 replies
    Yahoo! - Finance ^ | August 12, 2025 | Nick Lichtenberg
    President Donald Trump’s sweeping new tariffs are raking in unprecedented sums for the federal government—so much, in fact, that a top budget watchdog says the revenue rivals the impact of creating a brand-new payroll tax or slashing the entire military budget by nearly one-fifth. (These are rough estimates, to be sure, conveyed to communicate the magnitude of the tariffs, not precise contributions to the budget.) But can these massive cash flows, already topping tens of billions monthly, truly put a dent in America’s $37 trillion national debt? Actually, yes, according to the Committee for a Responsible Federal Budget (CRFB), which...
  • FIRST INCREASE IN DECADES: CEO credits Trump’s tariffs for massive win

    08/13/2025 1:56:24 AM PDT · by SmokingJoe · 27 replies
    YouTube ^ | 08/12/2025 | Fox Business
    Aluminum production in the US rises due to Trump's tariffs reducing the dumping of Aluminum in the US by foreign producers. Interview of Century Aluminum CEO by Maria on Fox Business.
  • Hey, experts — admit what you got so wrong on Trump’s tariffs

    08/07/2025 9:47:22 PM PDT · by JohnRLott · 8 replies
    New York Post ^ | August 6, 2025 | John R Lott Jr
    Economists across the political spectrum predicted that President Donald Trump’s trade negotiations would end in disaster. Now that his August 1 deadline has passed without the sky falling — and with multiple advantageous deals completed — it’s time to seriously reevaluate the flawed arguments the experts made against his strategy. Many, it turns out, made basic errors in economic reasoning. On the left, Nobel laureate and Columbia professor Joseph Stiglitz declared in January that Trump’s policy was “very bad for America and for the world,” while University of Michigan economist Justin Wolfers called it “impressively destructive.” On the right, prominent...
  • In letter to Trump, alcohol groups say tariffs put $2 billion in sales at risk

    08/06/2025 8:17:46 AM PDT · by lasereye · 58 replies
    Yahoo Finance ^ | August 6, 2025 | Emma Rumney
    The United States' 15% tariff on EU goods could reduce the value of alcohol sales by almost $2 billion and put 25,000 U.S. jobs at risk, a group of 57 alcohol industry groups wrote in a letter sent to President Trump on Tuesday. The letter was signed by organisations representing major European producers, including Diageo and Pernod Ricard, U.S. whiskey and wine producers, as well as glass suppliers, retailers and restaurants. Washington and Brussels agreed last month to a 15% import tariff on most European Union goods after talks that halved the threatened rate and averted a bigger trade war....
  • Brazilian president refuses to call Trump over 50% tariffs

    08/06/2025 12:01:51 PM PDT · by E. Pluribus Unum · 14 replies
    Just the News ^ | August 6, 2025 2:45pm | Ben Whedon
    He further indicated that he would not impose retaliatory tariffs on the U.S. Brazilian President Luiz Inacio Lula da Silva has declined to personally call President Donald Trump to resolve the ongoing trade dispute, telling Reuters that to do so would be a "humiliation.""The day my intuition says Trump is ready to talk, I won't hesitate to call him," he told the outlet. "But today my intuition says he doesn't want to talk. And I'm not going to humiliate myself."He further indicated that he would not impose retaliatory tariffs on the U.S. Trump slapped the South American nation with a...
  • Swiss authorities aim to keep negotiating with US on tariffs, says over 99% of US goods are already imported duty-free

    08/04/2025 9:04:12 AM PDT · by SeekAndFind · 7 replies
    Swiss Info ^ | 08/03/2025
    The US plans to impose tariffs of 39% on Swiss imports as of August 7, the White House said on the night of Thursday-Friday – a rate even higher than the 31% announced by Trump in April. The tariff hike also deviates “significantly” from the draft of a joint declaration of intent which had been the result of intensive discussions between both sides in recent months, according to the Swiss government, which approved the draft on July 4. As such, a spokesman for the finance ministry spoke on Friday of “great regret” that the US intends to impose steep unilateral...