Tag #Tariffs

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cnn.com

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Sep 10, 04:17

Supreme Court to Hear Case on Trump's Global Tariffs

The Supreme Court will hear arguments in November on the legality of President Trump's global tariffs, which are currently in place, following a lower court ruling that deemed them unlawful.

Supreme Court to Hear Case on Trump's Global Tariffs

The Supreme Court will hear arguments in November on the legality of President Trump's global tariffs, which are currently in place, following a lower court ruling that deemed them unlawful.

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What are the potential economic consequences of the Supreme Court's decision?

The court's decision will significantly impact the US economy. If the tariffs are deemed unlawful, the government may face the complex task of refunding $210 billion in tariff revenue already collected. Further, continued tariffs, even temporarily, harm tariff-sensitive sectors, contributing to job losses and increased consumer prices, as seen in recent economic data showing weakening job growth and rising inflation.

theguardian.com

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Sep 10, 01:18

Supreme Court to Decide Legality of Trump's Tariffs

The US Supreme Court will decide the legality of Donald Trump's global tariffs, a major test of executive power impacting trillions in duties and potentially altering trade deals.

Supreme Court to Decide Legality of Trump's Tariffs

The US Supreme Court will decide the legality of Donald Trump's global tariffs, a major test of executive power impacting trillions in duties and potentially altering trade deals.

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What is the core issue in the Supreme Court case regarding Trump's tariffs?

The Supreme Court will determine if Trump legally imposed tariffs under the 1977 International Emergency Economic Powers Act (IEEPA). This law, typically used for sanctions, was invoked by Trump to impose tariffs on various countries, impacting trillions of dollars in trade.

welt.de

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Sep 10, 04:18

US Supreme Court to Hear Case on Trump's Tariff Policy

The US Supreme Court will hear a case in November regarding President Trump's tariff policy, following a lower court ruling against the administration's use of a national emergency law to justify tariffs on numerous countries.

US Supreme Court to Hear Case on Trump's Tariff Policy

The US Supreme Court will hear a case in November regarding President Trump's tariff policy, following a lower court ruling against the administration's use of a national emergency law to justify tariffs on numerous countries.

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What are the potential economic consequences of the Supreme Court's decision?

The US government argues that a ruling against the tariffs would cause a significant economic crisis, jeopardizing trade deals already reached with six major partners, including the European Union, which involved significant tariff concessions. These deals, it claims, were made possible by the tariffs imposed under the emergency powers act.

zeit.de

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Sep 10, 04:18

US Supreme Court to Hear Case on Trump's Tariff Policy

The US Supreme Court will hear a case in November regarding President Trump's tariff policy, which was challenged by a dozen US states and resulted in a lower court ruling against Trump's use of a national emergency law to justify the tariffs.

US Supreme Court to Hear Case on Trump's Tariff Policy

The US Supreme Court will hear a case in November regarding President Trump's tariff policy, which was challenged by a dozen US states and resulted in a lower court ruling against Trump's use of a national emergency law to justify the tariffs.

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How have Trump's tariffs impacted US trade relationships, particularly with the EU?

Trump's tariffs, initially imposed in April, have led to several revised trade agreements with six major trade partners, including the EU, with tariffs as high as 15% on EU imports. The US government argues that overturning the tariffs would cause a major economic crisis, as these partners accepted new trade agreements that favored the US.

edition.cnn.com

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Sep 9, 19:18

Trump's Tariffs Fail to Deliver Promised Manufacturing Jobs Boom

Despite President Trump's promises, his tariffs have not resulted in a manufacturing jobs boom; instead, job growth in tariff-impacted sectors has turned negative, while employment in unaffected sectors continues to increase at a slower pace.

Trump's Tariffs Fail to Deliver Promised Manufacturing Jobs Boom

Despite President Trump's promises, his tariffs have not resulted in a manufacturing jobs boom; instead, job growth in tariff-impacted sectors has turned negative, while employment in unaffected sectors continues to increase at a slower pace.

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What is the immediate impact of Trump's tariffs on employment in the US?

Job growth in sectors affected by Trump's tariffs, including manufacturing, construction, and transportation, has turned negative. This is a reversal from previous trends, and contrasts with continued, albeit slower, growth in unaffected sectors. Manufacturing employment, specifically, has declined for four consecutive months, resulting in 78,000 fewer jobs compared to a year ago.

kathimerini.gr

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Sep 8, 22:22

BRICS Condemns US Trade Protectionism

Leaders of the BRICS nations, in a virtual summit convened by Brazilian President Lula da Silva, condemned US President Trump's trade protectionism, describing it as "tariff blackmail" and "unilateral actions", amidst a backdrop of escalating trade tensions.

BRICS Condemns US Trade Protectionism

Leaders of the BRICS nations, in a virtual summit convened by Brazilian President Lula da Silva, condemned US President Trump's trade protectionism, describing it as "tariff blackmail" and "unilateral actions", amidst a backdrop of escalating trade tensions.

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What specific actions did the US take that prompted this BRICS condemnation?

The US imposed 50% tariffs on Brazilian goods, citing political reasons related to the trial of former Brazilian president Bolsonaro, and similarly imposed tariffs on Indian goods, accusing India of funding Russia's war in Ukraine through oil purchases. These actions are viewed by BRICS as "tariff blackmail.

edition.cnn.com

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Sep 10, 04:17

Supreme Court to Hear Case on Trump's Tariffs

The Supreme Court will hear arguments in November on the legality of President Trump's tariffs, which have collected an estimated $210 billion in revenue, while a lower court ruling against their legality remains in effect.

Supreme Court to Hear Case on Trump's Tariffs

The Supreme Court will hear arguments in November on the legality of President Trump's tariffs, which have collected an estimated $210 billion in revenue, while a lower court ruling against their legality remains in effect.

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What is the central issue in the Supreme Court case regarding President Trump's tariffs?

The central issue is whether President Trump lawfully used the International Emergency Economic Powers Act (IEEPA) to impose tariffs without explicit congressional approval. A lower court ruled he exceeded his authority, a decision the administration is appealing.

aljazeera.com

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Sep 10, 04:17

Supreme Court to Expedite Hearing on Trump's Tariffs

The Supreme Court will hear arguments in November on the legality of President Trump's sweeping tariffs, a case challenging his use of emergency powers to impose import taxes on goods from nearly every country.

Supreme Court to Expedite Hearing on Trump's Tariffs

The Supreme Court will hear arguments in November on the legality of President Trump's sweeping tariffs, a case challenging his use of emergency powers to impose import taxes on goods from nearly every country.

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What is the immediate impact of the Supreme Court's decision to expedite the hearing on Trump's tariffs?

The expedited hearing could swiftly resolve the legality of President Trump's tariffs, potentially impacting ongoing trade negotiations and the Treasury's revenue. A ruling against the tariffs could also affect efforts to reduce the flow of fentanyl and end the war in Ukraine, according to the Trump administration.

us.cnn.com

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Sep 10, 04:17

Supreme Court to Hear Case on Trump's Tariffs

The Supreme Court will hear arguments in November on the legality of President Trump's global tariffs, which have raised $210 billion in revenue and are currently impacting the US economy.

Supreme Court to Hear Case on Trump's Tariffs

The Supreme Court will hear arguments in November on the legality of President Trump's global tariffs, which have raised $210 billion in revenue and are currently impacting the US economy.

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What are the potential economic consequences of the Supreme Court's decision?

If the court rules against Trump, the approximately $210 billion collected from the challenged tariffs could need to be refunded, potentially causing significant economic disruption. The tariffs' continued presence is already negatively affecting tariff-sensitive sectors, contributing to job losses and inflation.

lemonde.fr

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Sep 10, 01:18

US Supreme Court to Review Legality of Trump-Era Tariffs

The US Supreme Court will review the legality of tariffs imposed by the Trump administration in early November, following a federal appeals court ruling that deemed many of them illegal.

US Supreme Court to Review Legality of Trump-Era Tariffs

The US Supreme Court will review the legality of tariffs imposed by the Trump administration in early November, following a federal appeals court ruling that deemed many of them illegal.

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What is the central issue in this Supreme Court case, and what are its immediate implications?

The Supreme Court will determine the legality of tariffs imposed by Donald Trump's administration. A federal appeals court deemed many of these tariffs illegal, but kept them in place pending the Supreme Court's decision. The outcome will significantly impact US trade policy and international relations.

english.kyodonews.net

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Sep 9, 04:19

BRICS Leaders Condemn US Trade Policies at Virtual Summit

At a virtual summit on Monday, BRICS leaders condemned the U.S.'s trade policies, citing high tariffs as disruptive to the global economy and calling for multilateralism.

BRICS Leaders Condemn US Trade Policies at Virtual Summit

At a virtual summit on Monday, BRICS leaders condemned the U.S.'s trade policies, citing high tariffs as disruptive to the global economy and calling for multilateralism.

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What specific impacts have U.S. tariffs had on BRICS nations?

South Africa's President Ramaphosa stated that uncertainty in the new trading regime negatively impacted employment and hindered economic growth. Brazilian President Lula said unilateral measures have upended free trade rules, subjecting nations to unfair practices due to high U.S. tariffs.

euronews.com

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Sep 8, 13:20

Japan's GDP Growth Exceeds Expectations Despite Tariffs and Political Uncertainty

Fueled by robust consumer spending, Japan's real GDP grew at a 2.2% annualized rate in Q2 2024, exceeding initial estimates and defying concerns over US tariffs and the Prime Minister's resignation.

Japan's GDP Growth Exceeds Expectations Despite Tariffs and Political Uncertainty

Fueled by robust consumer spending, Japan's real GDP grew at a 2.2% annualized rate in Q2 2024, exceeding initial estimates and defying concerns over US tariffs and the Prime Minister's resignation.

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How did the US tariffs and the Prime Minister's resignation impact Japan's economy and market reactions?

While US tariffs on Japanese imports, particularly autos (increased from 2.5% to 15%), pose a significant threat to the export-dependent economy, their impact was offset by strong domestic demand in Q2. The Prime Minister's resignation caused short-term market uncertainty, but Asian markets largely reacted positively, with Japan's Nikkei 225 gaining 1.4% in morning trading.

Showing 1 to 12 of 4,097 results