Trump, tariffs
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The Supreme Court struck down one legal strategy for imposing tariffs, but it's not the only tool at President Donald Trump's disposal.
After boasting for months about its preferential trade deal with US President Donald Trump, the UK is at risk of becoming the biggest loser in the aftermath of the Supreme Court’s decision to strike down his global tariffs.
President Trump on Tuesday night offered another strong defense of tariffs and again pilloried "an unfortunate ruling from the United States Supreme Court."
President Trump said Friday he would raise preexisting tariffs and begin the process of imposing new ones after the Supreme Court struck down many of his import taxes on foreign trading partners.
The president is turning to an untested legal authority to rebuild his global tariff regime.
Trump immediately imposed 15% temporary tariffs to replace the emergency ones that the Supreme Court struck down, and said there may be more to come.
The Supreme Court ruling on tariffs is good news for companies like Tesla Inc., which have seen production costs soar since last spring. It is probably good for China as well.
The Supreme Court decision striking down President Donald Trump’s sweeping tariffs has added a wrinkle to already complicated U.S.-China relations.
With his move to impose new global tariffs, US President Donald Trump isn’t just trying to repair a trade policy dismantled by a Supreme Court rebuke. He’s also declaring the world’s largest economy is facing a profound balance-of-payments crisis.