steel, Trump and tariffs
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The United States doubled tariffs on steel and aluminium imports on Wednesday, activating a hike in the duties on the imported metals to 50% from the 25% rate introduced in March. The day also marks the Trump administration’s deadline for trading partners to submit their “best offers” to avoid further steep import duties set to take effect in early July.
President Donald Trump is hiking tariffs on aluminum and steel as his administration presses countries to speed up trade talks, amid legal battles.
16hon MSN
Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.
12hon MSN
President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall,
The Trump administration has asked a federal appeals court to block an order last week that found the president's sweeping tariffs were "unlawful."
The Trump administration on Monday asked a U.S. appeals court to pause a second court ruling that found the president had exceeded his authority by imposing sweeping tariffs on imports, saying the decision jeopardizes trade negotiations with other nations.
Nevada’s five congressional Democrats are urging the Trump administration to end its global trade war, writing to President Donald Trump that his tariffs are severely undermining tourism to Las Vegas.
The Trump administration has asked for a pause in a second court ruling challenging its sweeping tariffs invoked under emergency powers.
President Trump on Wednesday signed a travel ban on 12 countries, primarily in Africa and the Middle East, resurrecting an effort from his first term to prevent large numbers of immigrants and visitors from entering the United States.
U.S. economic growth is likely to "slow markedly" this year and next, due to tariffs and uncertainty under the Trump administration.