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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...

President Donald Trump demonstrated once again why he's the master of the art of the deal. During his trip to the Middle East, Trump made it clear that countries dragging their feet on trade negotiations are about to face the music. So far, the trade negotiations are going well, and the economic apocalypse that Democrats claimed was going to happen hasn’t. It's nothing new for Democrats to be wrong, and while they’re still harboring delusions that Trump is going to kill the economy, his latest move is likely to send them into a tailspin. Trump isn't playing around. With over...

U.S. stocks leapt after China and the United States announced a 90-day truce in their trade war. The S&P 500 jumped 3.3% Monday. The Dow Jones Industrial Average rose more than 1,100 points, and the Nasdaq composite rallied 4.3%. Hopes for an economy less encumbered by tariffs also sent crude oil prices higher. The U.S. dollar strengthened against other currencies, and Treasury yields jumped on expectations the Federal Reserve won’t have to cut interest rates so deeply this year in order to protect the economy.

BRUSSELS — The European Union published on Thursday a list of U.S. imports that it would target with retaliatory duties if no solution is found to end President Trump’s tariff war, which could include aircraft maker Boeing. At the same time, the EU’s executive branch, the European Commission, said that it would begin legal action at the World Trade Organization over the “reciprocal tariffs” that Trump imposed on countries around the world a month ago. “The EU remains fully committed to finding negotiated outcomes with the U.S.,” commission President Ursula von der Leyen said. “At the same time, we continue...

The second largest carmaker in the world will be relocating the manufacturing of its luxury brand to the United States after President Donald Trump has been encouraging car companies to do business in the US. Volkswagen Group, which is the second largest car manufacturer in the world, will be joining a number of other car manufacturers in moving production to the United States for the German automaker's luxury brand, Audi, per the Daily Mail. A spokesman for the company told the outlet, "We want to localize more strongly in the USA. To this end, we are currently examining various scenarios....

@PressSec reacts to Amazon's announcement on tariffs: "This is a hostile and political act by Amazon... It's not a surprise because, as Reuters recently wrote, Amazon has partnered with a Chinese propaganda arm... This is another reason Americans should buy American."

The price of products Amazon Inc. displays in its online store may soon include the listed price and how much was added to the value due to President Donald Trump’s tariff impositions. Punchbowl News reported on Tuesday that, according to a source familiar with the matter, the e-commerce giant will start showing the figure added to the value because of the duties right alongside a product’s total price. The move is reportedly an effort by Amazon to inform customers cost rises have nothing to do with it and everything to do with the Trump White House. Response to the reported...

India was under pressure by both sides, the USA and China. Part of the Trump Indo-pacific plan was a geopolitical trade strategy aligning the United States with India. However, Beijing was pressuring India to reject alignment with the USA and form a mutually beneficial trade block with China.India has rejected the Chinese plan and chosen to follow the USA model because access to the U.S. consumer base is the stronger economic influence.The result? Once again, sad Panda.INDIA – India has sided with the United States (US) President Donald Trump on the trade war with Xi Jinping of China. Reports indicate...

Online retail giant Amazon has come out denying reports that their website will display tariff costs on Chinese imported goods following a dip in share prices and a scathing rebuke from the White House. This follows a Punchbowl News report stating that Amazon will soon show how much President Trump’s tariffs supposedly add to the price of each product on the website to avoid blame. The cost of the tariffs will be placed right next to the product’s total listed price. White House Press Secretary Karoline Leavitt responded during a press conference on Monday and slammed the move as a...

On Wednesday, it was reported that China had quietly compiled a list of US-made goods exempt from its 125% tariffs, aiming to ease trade tensions without public concessions. Companies, particularly those reliant on US technologies — such as pharmaceuticals and chipmakers — are being discreetly informed about these exemptions, Reuters reported. The list appears to be expanding: For instance, China recently waived tariffs on US ethane imports. This approach allows Beijing to maintain a firm public stance while offering behind-the-scenes relief. Reports emerged last week that China quietly rolled back tariffs on some US semiconductor products, easing pressure on its...

A report that Amazon would display price increases due to tariffs on its goods — which the company has since denied — landed CEO Jeff Bezos a phone call from President Donald Trump on Tuesday, Breitbart News can confirm. CNN White House reporter Alayna Treene, citing two senior White House officials speaking anonymously, reported that Trump personally called Amazon’s founder to confront him about the report. A source familiar verified to Breitbart News that there was a call between Trump and Bezos in the morning. Punchbowl News first reported on Amazon’s alleged plan “to showcase how much tariffs were contributing...

PULSE POINTS:❓What Happened: Walmart has announced new programs, including “Grow with US” and the 2025 Open Call, to expand support for American-made products and American small businesses, as President Donald J. Trump pursues a policy of supporting American producers through tariffs on foreign goods.👥 Who’s Involved: Walmart U.S., led by President and CEO John Furner and CFO John David Rainey, alongside U.S. small businesses and entrepreneurs.📍 Where & When: Announced on April 29, 2025, with Open Call events starting May 1 in Orlando, Florida, and the main event on October 7-8 in Bentonville, Arkansas.💬 Key Quote: John Furner stated, “We’ve...

The United States has already struck 200 trade deals, President Donald Trump said in an interview this week — but he refused to say with whom. Trump’s comments come just two weeks after he announced a 90-day pause on most of the sweeping global tariffs he imposed earlier this month to allow time for trade negotiations with hundreds of countries slugged by the punishing levies. Only China was exempted from the 90-day pause. “I’ve made 200 deals,” Trump told Time Magazine in a wide-ranging interview published Friday, “100%.” Pressed on which countries he had made deals with, Trump refused to...

Don’t go by the defiant rhetoric, China is hurting and in deep trouble over Trump’s tariffsFor the purpose of writing this column, I had to do some research as I always do. What struck me was how effortlessly China is winning the battle of narratives. It’s all a little confusing. We are apparently in the middle of a trade war, caught in the crossfire as the world’s two largest economies slap each other with tariffs in an escalatory spiral with the Donald Trump administration imposing 145% levies on most Chinese goods this month. That’s more than a little concerning for...

AMD has announced that its key processor chips will soon be produced at TSMC’s new facility in Arizona, marking the first time AMD’s products will be manufactured in the United States. The news comes on the heels of AI giant Nvidia announcing it will produce AI chips and supercomputers in Arizona and Texas. Reuters reports that AMD CEO Lisa Su revealed that the company’s fifth-generation EPYC CPUs for data centers will be manufactured at TSMC’s Arizona plant. This decision comes amidst growing concerns over the U.S.-China trade tensions and the potential impact of tariffs on the semiconductor industry. The Trump...

China has halted exports of seven critical rare earth elements to the United States, a move that threatens to disrupt supply chains across key American industries, including automotive, semiconductor, and aerospace sectors. China’s Ministry of Commerce recently added seven rare earth elements—including dysprosium, terbium, and lutetium—to its restricted export list. These elements are essential for manufacturing high-performance magnets used in electric vehicles, advanced weaponry, and consumer electronics. NY Times reported:

The guidance that was issued also excludes flash drives and memory cards from the new tariffs President Trump exempted phones, computers and chips from his new tariffs on Friday. The guidance that was issued also excludes flash drives and memory cards. Trump has imposed 145% tariffs on imports from China. He paused further tariff actions on other countries in favor of a 10% baseline tariff.

The bond sell-off escalated Friday to cap off one of the most volatile and unusual trading weeks in recent memory as President Trump's tariff whipsaw sent yields surging and stocks plummeting.Long-term Treasury yields ripped higher, with the 10-year yield (^TNX) surging to its highest level since February to trade at around 4.53%, a massive 66 basis point swing from Monday's low of 3.87%.According to data compiled by Yahoo Finance, the 10-year has logged its biggest week since November 2021.Similarly, the 30-year yield (^TYX) jumped 7 basis points to trade near 4.92% — the highest level since January but the biggest...

US stocks fell on Friday as China struck back at President Trump’s latest tariff with a total 125% tax — further escalating trade tensions between the two nations. The Dow Jones Industrial Average lost 254 points, or 0.6%, after plummeting 1,014.79 the day before. The index has been on a wild ride over the past week as markets struggle to absorb back-and-forth trade war news, plunging more than 4,000 points after Trump revealed his so-called “reciprocal” tariffs last Wednesday, then recovering more than 1,500 points this week after he announced a 90-day pause on most of his harsher tariffs. The...

Investing.com -- Amazon.com Inc (NASDAQ:AMZN). has stopped orders for various products manufactured in China and other Asian nations. This move is seen as an effort by the company to lessen its vulnerability to tariffs established by President Donald Trump, according to a document examined by Bloomberg and sources familiar with the situation. The order cancellations for beach chairs, scooters, air conditioners, and other goods from numerous Amazon vendors came after Trump’s April 2 declaration of his intention to impose tariffs on more than 180 countries and territories. The list of affected regions includes China, Vietnam, and Thailand. The abrupt nature...