Trump, tariffs and Court of International Trade
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Federal court determined that President Trump doesn't have the authority to unilaterally impose tariffs, dealing a sweeping blow to his main weapon in his trade war.
Ukraine launched an audacious drone strike against Russia’s prized strategic nuclear bombers in an operation kept secret from Donald Trump. Swarms of attack drones emerged from parked trucks to target airfields in the coordinated assault on four bases deep behind enemy lines.
The ruling from the United States Court of International Trade found Trump can't use a 1977 emergency powers law to impose tariffs.
Homebuilder stocks rallied on Thursday, in a sign that residential construction will benefit from the ruling striking down Trump's tariffs.
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.
The prominent conservative legal activist is “a bad person who, in his own way, probably hates America,” the president fumed on social media about his former ally.
The president's plan - where countries face between 11% to more than 100% tariffs on goods brought into the US - was announced in April. But the majority of the tariffs were paused by Trump for 90 days in the wake of stock market volatility.
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