Tag #Trump Tariffs

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zeit.de

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May 23, 22:09

Trump's Tariffs Trigger Sharp Drop in European Markets

US President Trump announced 50 percent tariffs on EU goods, causing European stock markets to fall sharply; the DAX dropped 1.5 percent, while Apple and several European semiconductor companies also experienced significant losses.

Trump's Tariffs Trigger Sharp Drop in European Markets

US President Trump announced 50 percent tariffs on EU goods, causing European stock markets to fall sharply; the DAX dropped 1.5 percent, while Apple and several European semiconductor companies also experienced significant losses.

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What is the immediate impact of President Trump's latest tariff announcement on European stock markets?

US President Trump's announcement of 50 percent tariffs on EU goods sent European markets into a decline, with the DAX falling 1.5 percent to 23,629.58 points, its lowest in over two weeks. This follows Trump's claim that negotiations with the EU are progressing too slowly.", A2=

theglobeandmail.com

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May 22, 07:12

U.S. States Challenge Trump's Tariffs in Court

Twelve U.S. states filed a lawsuit in New York's Court of International Trade challenging President Trump's tariffs, arguing they exceed his legal authority under the International Emergency Economic Powers Act (IEEPA); the Trump administration contends that the courts cannot judge the President's d...

U.S. States Challenge Trump's Tariffs in Court

Twelve U.S. states filed a lawsuit in New York's Court of International Trade challenging President Trump's tariffs, arguing they exceed his legal authority under the International Emergency Economic Powers Act (IEEPA); the Trump administration contends that the courts cannot judge the President's d...

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What are the potential long-term implications of this case for U.S. trade policy and the balance of power between the executive and legislative branches?

The court's decision will have far-reaching implications for the balance of power between the executive and judicial branches regarding trade policy. A ruling against the President could constrain future administrations' use of tariffs as a foreign policy tool, potentially shifting power back to Congress. Conversely, a ruling for the President would strengthen executive authority in trade matters, potentially leading to more unilateral actions.

theglobeandmail.com

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May 21, 16:12

U.S. States Sue Trump Over "Liberation Day" Tariffs

Twelve U.S. states sued President Trump, claiming his "Liberation Day" tariffs, imposed under a national emergency declaration, are unlawful, costing the average family \$3,800 annually; the Justice Department counters that only Congress can challenge such a declaration.

U.S. States Sue Trump Over "Liberation Day" Tariffs

Twelve U.S. states sued President Trump, claiming his "Liberation Day" tariffs, imposed under a national emergency declaration, are unlawful, costing the average family \$3,800 annually; the Justice Department counters that only Congress can challenge such a declaration.

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How does the Justice Department's response to the lawsuit position the legal battle, and what precedents could be set by the court's ruling?

The lawsuit contends that President Trump misinterpreted the International Emergency Economic Powers Act (IEEPA) to impose tariffs, arguing that the U.S. trade deficit does not constitute a national emergency under IEEPA. The Justice Department counters that the states lack standing to sue and that only Congress can challenge a presidential national emergency declaration under IEEPA. This case follows a similar lawsuit by small businesses, with a decision pending.

dw.com

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May 18, 19:09

US-EU Trade Talks Aim to Resolve Trump-Era Tariffs

US Vice President JD Vance met with European Commission President Ursula von der Leyen and Italian Prime Minister Giorgia Meloni in Rome to discuss easing trade tensions caused by Trump-era tariffs, aiming for a new trade deal; Ukrainian President Zelenskyy met with Pope Leo XIV, discussing peace ne...

US-EU Trade Talks Aim to Resolve Trump-Era Tariffs

US Vice President JD Vance met with European Commission President Ursula von der Leyen and Italian Prime Minister Giorgia Meloni in Rome to discuss easing trade tensions caused by Trump-era tariffs, aiming for a new trade deal; Ukrainian President Zelenskyy met with Pope Leo XIV, discussing peace ne...

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What are the immediate impacts of the US-EU talks aimed at resolving trade disputes stemming from Trump-era tariffs?

US Vice President JD Vance affirmed Europe's importance as an ally despite recent trade tensions stemming from Trump-era tariffs. High-level US-EU talks, the first since the tariffs were imposed, aim to initiate long-term trade negotiations. These talks involved the US Vice President, European Commission President Ursula von der Leyen, and Italian Prime Minister Giorgia Meloni.

cnn.com

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May 16, 22:08

Consumer Sentiment Plunges to Near-Record Low Amidst Lingering Tariff Concerns

The University of Michigan's consumer sentiment index plummeted to 50.8 in May, a near-record low fueled by lingering anxieties over President Trump's tariffs, despite recent US-China trade détente.

Consumer Sentiment Plunges to Near-Record Low Amidst Lingering Tariff Concerns

The University of Michigan's consumer sentiment index plummeted to 50.8 in May, a near-record low fueled by lingering anxieties over President Trump's tariffs, despite recent US-China trade détente.

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What is the primary cause of the sharp decline in consumer sentiment, and what are its immediate consequences for the US economy?

Consumer sentiment has fallen to a near-record low of 50.8 in May, down from 52.2 in April, primarily due to President Trump's tariffs and their impact on the economy. This is the second-lowest reading on record, exceeding only June 2022's low of 50.

npr.org

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May 14, 01:10

Cannes Film Festival Opens Amidst Dress Code Changes and Tariff Concerns

The 78th Cannes Film Festival opened with a new modest dress code, prompting concerns about President Trump's proposed 100% tariff on foreign films, and protests by freelance workers demanding better conditions.

Cannes Film Festival Opens Amidst Dress Code Changes and Tariff Concerns

The 78th Cannes Film Festival opened with a new modest dress code, prompting concerns about President Trump's proposed 100% tariff on foreign films, and protests by freelance workers demanding better conditions.

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How does the new modest dress code at the Cannes Film Festival reflect broader cultural shifts or concerns?

The dress code change at Cannes, along with President Trump's proposed tariff, highlights challenges facing the global film industry. Robert De Niro's Palme d'Or acceptance speech criticized these tariffs, framing them as a global issue impacting creativity. Freelance workers also protested, demanding better working conditions.

theglobeandmail.com

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May 22, 04:09

Bipartisan Senate Resolution Aims to Repair Strained U.S.-Canada Ties

U.S. Senators introduced a bipartisan resolution Wednesday to recognize the critical U.S.-Canada partnership, amid strained relations due to President Trump's tariffs and threats; the resolution emphasizes shared economic and security interests, while acknowledging a 35 percent drop in Canadian bord...

Bipartisan Senate Resolution Aims to Repair Strained U.S.-Canada Ties

U.S. Senators introduced a bipartisan resolution Wednesday to recognize the critical U.S.-Canada partnership, amid strained relations due to President Trump's tariffs and threats; the resolution emphasizes shared economic and security interests, while acknowledging a 35 percent drop in Canadian bord...

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What are the immediate economic consequences of the strained U.S.-Canada relationship stemming from President Trump's policies?

A bipartisan resolution was introduced in the U.S. Senate to reaffirm the U.S.-Canada partnership, which has been strained by President Trump's tariffs and annexation threats. The resolution highlights the economic and security importance of the relationship, emphasizing shared defense commitments and border security initiatives. Eight senators from both parties support the measure.

abcnews.go.com

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May 22, 01:11

Twelve States Challenge Trump's Tariffs in Federal Court

Twelve states sued President Trump, claiming his tariffs, imposed under the International Emergency Economic Powers Act to address trade deficits, exceed his authority and disrupt the economy; a three-judge panel heard the case Wednesday.

Twelve States Challenge Trump's Tariffs in Federal Court

Twelve states sued President Trump, claiming his tariffs, imposed under the International Emergency Economic Powers Act to address trade deficits, exceed his authority and disrupt the economy; a three-judge panel heard the case Wednesday.

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How does the Trump administration's justification for the tariffs compare to President Nixon's actions in 1971, and what are the key differences in the legal context?

The lawsuit challenges the legality of President Trump's use of IEEPA to justify tariffs, arguing that long-standing trade deficits don't constitute an "unusual and extraordinary threat." The Trump administration counters by citing Nixon's precedent under a similar 1917 act, and argues it's a political question for Congress, not the courts. The case highlights the significant legal and economic ramifications of Trump's trade policies.

kathimerini.gr

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May 20, 10:13

Greek Economists: Trump's Tariffs to Harm US Economy

The Greek Panel of Economists overwhelmingly (91%) predicts that the Trump administration's tariff policy will harm the US economy due to uncertainty and instability, even before considering predictable negative effects on international trade. This is despite the initial intention to protect domesti...

Greek Economists: Trump's Tariffs to Harm US Economy

The Greek Panel of Economists overwhelmingly (91%) predicts that the Trump administration's tariff policy will harm the US economy due to uncertainty and instability, even before considering predictable negative effects on international trade. This is despite the initial intention to protect domesti...

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How does the Greek Panel of Economists explain the discrepancy between the intended and actual effects of the tariffs?

The economists' assessment connects the tariff policy's negative impact to predictable changes in key international trade indicators and increased inflationary pressures given low US unemployment rates. Contrary to initial expectations, tariffs are raising prices on consumer goods and essential inputs, hindering domestic production rather than boosting it.

theguardian.com

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May 17, 10:09

Evolving Status of Trump's Tariffs on Imported Goods

President Trump's tariffs on imported goods have undergone significant changes, with many initially proposed tariffs reduced, paused, or exempted, creating uncertainty in global trade.

Evolving Status of Trump's Tariffs on Imported Goods

President Trump's tariffs on imported goods have undergone significant changes, with many initially proposed tariffs reduced, paused, or exempted, creating uncertainty in global trade.

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What factors influenced the modifications and exemptions made to the initially proposed tariffs?

The tariffs, while initially broad, have been significantly modified due to exceptions made for goods under the USMCA and other exemptions. These changes reflect a dynamic trade policy and have had effects on various markets. The pausing of certain tariffs has resulted in positive reactions from the stock market.

cbsnews.com

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May 15, 01:11

Trump's Tariffs Face Supreme Court Challenge

Multiple lawsuits challenge President Trump's tariffs, arguing they violate the major questions and nondelegation doctrines by exceeding executive authority under the International Emergency Economic Powers Act (IEEPA); the Supreme Court's potential review could significantly alter the balance of po...

Trump's Tariffs Face Supreme Court Challenge

Multiple lawsuits challenge President Trump's tariffs, arguing they violate the major questions and nondelegation doctrines by exceeding executive authority under the International Emergency Economic Powers Act (IEEPA); the Supreme Court's potential review could significantly alter the balance of po...

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What are the potential long-term economic and political implications of the Supreme Court's decision on the legality of President Trump's tariffs?

The Supreme Court's ruling will set a precedent for future executive actions regarding international trade and economic policy. A decision against Trump could curtail presidential power, potentially impacting future trade negotiations and economic sanctions. The court's interpretation of IEEPA and the major questions/nondelegation doctrines will have lasting implications.

forbes.com

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May 13, 19:13

Court to Hear Arguments on Trump's Tariffs

On Tuesday, the U.S. Court of International Trade will decide whether to temporarily block President Trump's tariffs, a decision with significant implications for businesses and presidential authority in trade policy; the case was brought by small businesses supported by right-leaning legal groups.

Court to Hear Arguments on Trump's Tariffs

On Tuesday, the U.S. Court of International Trade will decide whether to temporarily block President Trump's tariffs, a decision with significant implications for businesses and presidential authority in trade policy; the case was brought by small businesses supported by right-leaning legal groups.

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Will the court immediately block President Trump's tariffs, and what will be the short-term economic consequences of such a decision?

The U.S. Court of International Trade will hear arguments on Tuesday regarding President Trump's tariffs, specifically focusing on whether to temporarily block them. The temporary rollback of tariffs on Chinese imports to 30% from 145% complicates the plaintiffs' case, as the current rate is significantly lower than previously imposed.

Showing 85 to 96 of 688 results