Trump, Tariffs and Court order
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Homebuilder stocks rallied on Thursday, in a sign that residential construction will benefit from the ruling striking down Trump's tariffs.
President Trump criticized a recent court ruling on his tariff plan on Thursday. He directed criticism to the Federalist Society and expressed disappointment in judicial nominations.
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.
Even if courts block many of President Trump’s tariffs, households would still lose an estimated $950 in purchasing power a year, a Yale analysis shows.
GOP lawmakers are quietly hopeful that Trump’s damaging tariff plans will end with decisive Supreme Court decision.
For months, President Donald Trump has boasted that his most sweeping tariffs amount to powerful leverage to win trade concessions from Beijing to Brussels.
For those keeping score – or at least attempting to – you’ll quickly learn that no tariff is set in stone. At the flick of a switch, Trump has significantly dialed up and down tariffs – both ones in place and ones he’s threatened.