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Rough Day in Court for Trump’s Tariffs

Federal appeals court weighs Trump's tariffs in major legal test

The Trump administration asked the U.S. Court of Appeals for the Federal Circuit to review a trade court's decision invalidating President Trump's 10% tariffs.

The Wall Street Journal on MSN · 28m

The Rough Day in Court for Trump’s Tariffs

Here is how judges questioned the president’s claim that he can use emergency power to junk the tariff schedule enacted by Congress.

The Associated Press on MSN · 17h

Triumphant in trade talks, Trump and his tariffs still face a challenge in federal court

The U.S. Constitution gives the power to impose taxes — including tariffs — to Congress. But lawmakers have gradually relinquished power over trade policy to the White House. And Trump has made the most of the power vacuum, raising the average U.S. tariff to more than 18%, highest since 1934, according to the Budget Lab at Yale University.

Trump’s new tariffs give some countries a break

The Associated Press on MSN · 16m

Trump’s new tariffs give some countries a break, while shares and US dollar sink

Canadian Prime Minister Mark Carney said his government was disappointed by Trump’s move to raise the U.S. tariff on goods from America’s northern neighbor to 35% from 25%, effective Friday. Goods transshipped from unspecified other countries face a 40% import duty.

CBS News on MSN · 16m

Trump unveils higher tariffs on dozens of countries

The Trump administration is poised to hit dozens of nations around the world with higher tariffs starting next week.

U.S. News & World Report · 11h

Factbox-What Are the New Tariff Rates Trump Set on US Imports From Dozens of Countries?

Here are the new adjusted reciprocal tariff rates levied on U.S. importers that Trump announced ahead of his August 1 deadline for negotiated trade agreements, listed in alphabetical order by country of origin.

11hon MSN

Federal judges grill Trump lawyers over 'Liberation Day' tariffs on eve of enforcement

An appeals court in Washington considered President Donald Trump's sweeping tariff plan, which comes into force Aug. 1 and ...

53mon MSN

President Donald Trump injects new dose of uncertainty in tariffs as he pushes start date back to Aug. 7

When Trump signed the order Thursday night imposing new tariffs, the start date of the punishing import taxes was pushed back ...

4hon MSN

Trump formalizes high tariffs as he tries to reshape the global economy

President Donald Trump on Thursday formalized the array of high tariff levels and trade deals he has announced in recent ...

Trump says Fed board 'should assume control' as he again lambasts Powell

U.S. president Donald Trump has taken to his Truth Social account to once again abuse Federal Reserve Chair Jerome Powell.

22hon MSN

Fed’s preferred inflation gauge ticks up as tariffs lift prices — casting cloud on September rate cut

The Federal Reserve’s preferred inflation gauge ticked up slightly in June as tariffs on imports started raising the cost of ...

16hon MSN

Buoyed by tariffs, the Fed’s preferred measure of inflation is running hot

Taken all together, the report shows that Trump’s tariffs are beginning to leave more of an imprint on the economy.

1don MSN

Federal Reserve holds key interest rate steady as it monitors Trump's tariff policy

The central bank has said Trump’s tariffs are making it difficult for it to lower rates, something that would otherwise be ...

Dissents at Fed Highlight a Fraying Consensus Amid Tariff Debate

The Federal Reserve held rates steady for a fifth straight meeting Wednesday but faced rare dissents from two officials seeking an immediate cut. The decision followed a period of intense political pr ...

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