Tariff fight escalates
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tariff, countries
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President Donald Trump forecasted the death of the U.S. economy if America were prevented from deploying counter tariffs against other countries. A court battle is underway regarding Trump’s “Liberation Day” tariffs after the U.
The White House called for the Supreme Court to overturn judicial rulings blocking most of the tariffs Trump has imposed to negotiate trade agreements.
Most of President Trump’s tariffs were halted late Wednesday by a U.S. trade court in a sharp rebuke of the president’s signature trade war policy.
National Economic Council Director Kevin Hassett argues tariff legalities won't quell three potentially finalized trade deals that are awaiting President Trump's signature.
"This ruling protects American businesses from the destabilizing effects of volatile, unilaterally imposed tariffs."
Officials from the European Union and the United States will start a new negotiating push, after President Trump delayed until July 9 tariffs of 50 percent.
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Warren Demands Probe Into "Textbook Corruption" Between Musk and Trump-Era TariffsSenator Elizabeth Warren is calling for an investigation into whether Elon Musk used Trump’s global tariff negotiations to secure international permits for Starlink. She questions if Musk profited while everyday people bore the economic impact,
US tensions with two key trade partners amped up on Monday after President Trump doubled tariffs on steel and aluminum and the US pushed countries for deals ahead of looming deadlines. China responded to Trump's claim on Friday that it has "totally violated its agreement" with the US,