Tag #Trump Tariffs

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lemonde.fr

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Apr 24, 04:09

US States Sue Trump Over Illegal Tariffs

Twelve US states sued Donald Trump on April 23rd, claiming his tariffs are illegal due to their imposition without Congressional approval; the lawsuit cites the 1977 Trade Act and alleges economic harm, echoing similar concerns from California and Democrats.

US States Sue Trump Over Illegal Tariffs

Twelve US states sued Donald Trump on April 23rd, claiming his tariffs are illegal due to their imposition without Congressional approval; the lawsuit cites the 1977 Trade Act and alleges economic harm, echoing similar concerns from California and Democrats.

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How do the arguments in the lawsuit challenge the basis of Donald Trump's authority to impose tariffs?

The lawsuit alleges that Trump exceeded his authority under the 1977 Trade Act by using emergency powers to impose tariffs, a power the Constitution grants to Congress. The tariffs have caused global market uncertainty, potentially leading to price increases and job losses, counter to Trump's claim of boosting domestic production. Economists widely predict negative consequences for consumers.

forbes.com

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Apr 23, 16:13

US Trade Court Delays Decision on Trump Tariffs

The U.S. Court of International Trade temporarily refused to block President Trump's tariffs on Tuesday, setting a mid-May hearing to decide whether to keep them on hold pending litigation; businesses argue the tariffs are unlawful, citing the president's use of the International Emergency Economic ...

US Trade Court Delays Decision on Trump Tariffs

The U.S. Court of International Trade temporarily refused to block President Trump's tariffs on Tuesday, setting a mid-May hearing to decide whether to keep them on hold pending litigation; businesses argue the tariffs are unlawful, citing the president's use of the International Emergency Economic ...

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How do the lawsuits challenging President Trump's tariffs argue that his actions violate the law?

The CIT's decision stems from lawsuits arguing President Trump exceeded his authority in imposing tariffs under the International Emergency Economic Powers Act (IEEPA). The plaintiffs contend that IEEPA doesn't grant the president power to impose tariffs, and that the declared national emergency is unfounded. This legal challenge highlights the dispute over the use of IEEPA for trade policy.

dailymail.co.uk

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Apr 23, 04:12

IMF Downgrades UK Growth Forecast to 1.1%, Citing Domestic Factors

The IMF downgraded the UK's growth forecast to 1.1 percent, citing domestic factors such as increased utility bills and government borrowing costs as the primary reasons, while also noting the impact of global uncertainty and tariffs.

IMF Downgrades UK Growth Forecast to 1.1%, Citing Domestic Factors

The IMF downgraded the UK's growth forecast to 1.1 percent, citing domestic factors such as increased utility bills and government borrowing costs as the primary reasons, while also noting the impact of global uncertainty and tariffs.

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No Poverty

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How do the IMF's findings on domestic factors versus global influences contradict the Chancellor's explanation for the weakened economic outlook?

While global uncertainty and tariffs contribute, the IMF emphasizes that domestic issues are the main cause of the UK's downgraded growth forecast. Higher inflation, at the highest in the G7, is a key consequence, stemming from increased utility bills and government borrowing. This directly contradicts the Chancellor's attempt to shift blame to Trump's tariffs.

smh.com.au

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Apr 23, 01:14

Hastie Defends Campaign Work Amidst Absence Claims

Australian shadow defence minister Andrew Hastie clarifies his campaign activities, revealing extensive travel across 24 electorates and participation in defence forums nationwide, countering media portrayals of his absence.

Hastie Defends Campaign Work Amidst Absence Claims

Australian shadow defence minister Andrew Hastie clarifies his campaign activities, revealing extensive travel across 24 electorates and participation in defence forums nationwide, countering media portrayals of his absence.

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Peace, Justice, and Strong Institutions

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What specific actions has Andrew Hastie undertaken during the campaign, and what is their significance for his political profile and the upcoming elections?

Andrew Hastie, the Australian shadow defence minister, has been actively working across the country despite limited media appearances. His recent activities include visits to 24 electorates, participation in defence forums across all states and territories except Tasmania, and collaboration with the opposition leader on key announcements, such as the Port of Darwin's return to government control. This contradicts claims of his absence from the campaign trail.

africa.chinadaily.com.cn

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Apr 22, 19:18

Economists Condemn Trump's Tariffs as Unconstitutional and Economically Harmful

More than 1,300 economists, including two Nobel laureates, signed a declaration warning that President Trump's tariffs risk a self-inflicted recession and violate the US Constitution; the declaration argues that the tariffs are based on an erroneous formula, imposed without Congressional consent, an...

Economists Condemn Trump's Tariffs as Unconstitutional and Economically Harmful

More than 1,300 economists, including two Nobel laureates, signed a declaration warning that President Trump's tariffs risk a self-inflicted recession and violate the US Constitution; the declaration argues that the tariffs are based on an erroneous formula, imposed without Congressional consent, an...

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How do the economists' arguments challenge the administration's justification for tariffs, and what are the implications of this disagreement?

The economists argue that the tariffs, imposed without Congressional consent, violate the Constitution by usurping the power to levy taxes. They further contend that trade deficits, used to justify the tariffs, actually reflect investor confidence in the US economy and benefit the country, contradicting the administration's claims.

cincodias.elpais.com

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Apr 22, 10:15

Trump's Tariffs Create Investment Opportunities in Dividend Aristocrats

Trump's tariffs negatively impacted stock markets, but created opportunities in dividend aristocrats—companies increasing dividends for at least 25 years—offering potential returns up to 60%, despite some experiencing drops like the ProShares S&P 500 Dividend Aristocrats ETF (down 5.5%) and SPDR S&P...

Trump's Tariffs Create Investment Opportunities in Dividend Aristocrats

Trump's tariffs negatively impacted stock markets, but created opportunities in dividend aristocrats—companies increasing dividends for at least 25 years—offering potential returns up to 60%, despite some experiencing drops like the ProShares S&P 500 Dividend Aristocrats ETF (down 5.5%) and SPDR S&P...

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How have dividend aristocrats historically performed during economic recessions, and what factors contribute to their resilience?

The market downturn has presented an attractive investment opportunity in dividend aristocrat stocks. These companies, known for their stable business models and consistent dividend increases, often outperform during periods of market volatility. A Morningstar study shows that high-dividend companies outperformed the market during past economic recessions (1981, 2007, 2011).

cnnespanol.cnn.com

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Apr 23, 22:12

Trump's Inconsistent Tariff Strategy Creates Economic Uncertainty

President Trump's tariff strategy, lacking a cohesive narrative, uses tariffs as both trade negotiation leverage and a tool to boost domestic manufacturing, creating economic uncertainty and potentially causing a significant economic slowdown, according to the IMF.

Trump's Inconsistent Tariff Strategy Creates Economic Uncertainty

President Trump's tariff strategy, lacking a cohesive narrative, uses tariffs as both trade negotiation leverage and a tool to boost domestic manufacturing, creating economic uncertainty and potentially causing a significant economic slowdown, according to the IMF.

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What are the actual objectives behind President Trump's tariff strategy, given the lack of a clear, consistent narrative from the White House?

President Trump's tariff strategy lacks a cohesive narrative, making it difficult to determine his ultimate goals. His actions suggest a tactic of applying pressure to force negotiations, rather than a clearly defined economic plan.

theguardian.com

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Apr 23, 16:12

Reckitt Benckiser Shares Fall Amid Tariff Concerns, Croda Rises

Reckitt Benckiser's shares fell 6% on Wednesday due to concerns over Trump's tariffs and the weak performance of its Essential Home division, which saw a 7% revenue drop in Q1, while Croda's shares rose 9% after it announced it would pass on tariff costs to customers.

Reckitt Benckiser Shares Fall Amid Tariff Concerns, Croda Rises

Reckitt Benckiser's shares fell 6% on Wednesday due to concerns over Trump's tariffs and the weak performance of its Essential Home division, which saw a 7% revenue drop in Q1, while Croda's shares rose 9% after it announced it would pass on tariff costs to customers.

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What is the immediate impact of Trump's tariffs and market volatility on FTSE 100 consumer goods companies, as exemplified by Reckitt Benckiser's share price and sales performance?

Reckitt Benckiser, the maker of Dettol and Nurofen, saw its shares fall 6% due to concerns over Trump's tariffs and weak sales in its cleaning products division. The company is actively seeking a buyer for its underperforming Essential Home unit, which reported a 7% drop in net revenue. This decline, coupled with broader market volatility, is impacting the sale process.

smh.com.au

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Apr 23, 01:14

Woman Arrested for Allegedly Murdering Terminally Ill Partner After Assisted Dying Delay

Kylie Ellina Truswell-Mobbs was arrested on April 3, 2024, for allegedly murdering her terminally ill partner, David Ronald Mobbs, in Alexandra Hills, Queensland, in December 2023, after he delayed a decision on assisted dying at a palliative care meeting.

Woman Arrested for Allegedly Murdering Terminally Ill Partner After Assisted Dying Delay

Kylie Ellina Truswell-Mobbs was arrested on April 3, 2024, for allegedly murdering her terminally ill partner, David Ronald Mobbs, in Alexandra Hills, Queensland, in December 2023, after he delayed a decision on assisted dying at a palliative care meeting.

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Good Health and Well-being

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What are the immediate implications of this case for discussions surrounding assisted dying in Australia?

A Queensland woman, Kylie Ellina Truswell-Mobbs, was arrested for allegedly murdering her terminally ill partner, David Ronald Mobbs, in December 2023. The prosecution alleges she administered drugs to Mobbs via his feeding tube after he delayed a decision on end-of-life options at a palliative care meeting. Mobbs suffered from motor neurone disease.

nos.nl

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Apr 23, 01:14

IMF Lowers Global Growth Forecast Due to Trump Tariffs

The IMF significantly lowered its global economic growth forecast to 2.8 percent due to President Trump's import tariffs, with the US recession probability rising to 37 percent; however, a global recession is not anticipated.

IMF Lowers Global Growth Forecast Due to Trump Tariffs

The IMF significantly lowered its global economic growth forecast to 2.8 percent due to President Trump's import tariffs, with the US recession probability rising to 37 percent; however, a global recession is not anticipated.

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What is the primary cause of the IMF's downward revision of global economic growth projections, and what are its immediate consequences?

The IMF's latest forecast predicts a significant slowdown in global economic growth, primarily due to President Trump's announced import tariffs. The projected growth rate has decreased from 3.3 percent to 2.8 percent, a 0.5 percent reduction. This is based on a scenario where the tariffs are fully implemented.

abcnews.go.com

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Apr 22, 16:17

IMF Downgrades Global Growth Forecast Amid Trump Tariff Uncertainty

The International Monetary Fund (IMF) lowered its 2025 global growth forecast to 2.8% due to President Trump's tariffs and resulting uncertainty, predicting a 1.8% U.S. growth rate with a 37% chance of recession and slower growth for China and the European Union.

IMF Downgrades Global Growth Forecast Amid Trump Tariff Uncertainty

The International Monetary Fund (IMF) lowered its 2025 global growth forecast to 2.8% due to President Trump's tariffs and resulting uncertainty, predicting a 1.8% U.S. growth rate with a 37% chance of recession and slower growth for China and the European Union.

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How do the IMF's predictions for China and the European Union differ in response to the U.S. tariffs, and why?

The IMF's revised forecasts reflect a global economic slowdown primarily attributed to the trade uncertainty caused by President Trump's tariffs. China's growth is expected to slow to 4% due to reduced U.S. demand, while the U.S. faces a supply shock similar to the pandemic's impact, potentially exacerbating inflation. These impacts highlight the interconnectedness of the global economy and the significant consequences of protectionist trade policies.

theglobeandmail.com

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Apr 22, 19:17

US Recession Probability at 40-45% Due to Trump's Tariffs: Citigroup

Citigroup's chief economist predicts a 40-45% chance of a US recession due to President Trump's tariffs, expecting the largest negative impact on growth during the second half of the year, while warning of potential long-term damage to US economic institutions.

US Recession Probability at 40-45% Due to Trump's Tariffs: Citigroup

Citigroup's chief economist predicts a 40-45% chance of a US recession due to President Trump's tariffs, expecting the largest negative impact on growth during the second half of the year, while warning of potential long-term damage to US economic institutions.

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How do market reactions to tariffs and attacks on the Federal Reserve influence the long-term economic outlook for the US?

The tariffs' negative effects are compounded by market reactions and President Trump's attacks on Federal Reserve Chairman Jerome Powell, potentially causing long-term damage to the US economy and its institutions. This loss of confidence in US policies, as evidenced by market responses, may reduce future growth potential. The uncertainty surrounding US policies across administrations adds to long-term instability.

Showing 265 to 276 of 813 results