Trump, tariffs
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The U.S. Court of International Trade said the president had overstepped his authority in imposing his “reciprocal” tariffs globally, as well as levies on Canada and Mexico.
Regtechtimes on MSN14h
Bipartisan Blitz! U.S. Senators Demand 500% Tariff to Cripple Russia's War MachineLindsey Graham from South Carolina and Richard Blumenthal from Connecticut — are working together to introduce tough new sanctions against Russia. Graham is a Republican and a close ally of President Donald Trump,
Investors will be watching for updates on the labor market and President Trump's trade war as markets turn the page on a historically strong May.
KTSM 9 News on MSN6h
Senators itching for Trump green light to move on Russia sanctionsSenators in both parties are itching to move a bipartisan Russia sanctions package as fighting escalates in the region, but Republicans are waiting on a green light from President Trump. The effort to pass a robust sanctions package is hitting high gear.
US stocks were mixed Monday as investors digested President Donald Trump’s doubling of tariffs on America’s steel and aluminum imports while trade tensions with China flare up once again.
A U.S. trade court ruled the president overstepped his authority by imposing across-the-board duties on imports from trading partners.
DPA International on MSN1h
White House says Trump and China's Xi likely to speak this weekUS President Donald Trump is likely to hold a phone call with Chinese President Xi Jinping this week, White House press secretary Karoline Leavitt said on Monday. Leavitt provided no further details and there was no immediate confirmation from Beijing.
The White House called for the Supreme Court to overturn judicial rulings blocking most of the tariffs Trump has imposed to negotiate trade agreements.
The US Court of International Trade ruled May 28 that the vast majority of President Donald Trump’s tariffs were issued illegally and ordered them blocked, which would deliver a blow to a key pillar of his economic agenda.
"We haven’t heard directly from President Trump on the matter yet, so it’s unclear how the administration might respond going forward," one analyst notes.
Toyota has a big year ahead, with fully two dozen new models set to debut under the Toyota and Lexus brand names. But the Trump administration’s tariffs has left the carmaker in a state of limbo, while a new ruling by a federal trade court has only complicated matters.
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