tariffs | DD News

July 31, 2025 11:44 PM

US appeals court scrutinizes Trump’s use of tariffs as trade deadline looms

U.S. appeals court judges sharply questioned on Thursday whether President Donald Trump's tariffs were justified by the president's emergency powers, as lawyers for states and businesses challenging the measures argued he exceeded his authority. The U.S. Court of Appeals for the Federal Circuit in Washington, D.C., is considering the legality of "reciprocal" tariffs that Trump imposed on a broad range of U.S. trading partners in April, as well as tariffs imposed in February against China, Canad...

July 31, 2025 8:39 PM

Trump tariffs face key test at US appeals court

A U.S. appeals court on Thursday will review President Donald Trump's power to impose tariffs, after a lower court said he exceeded his authority with sweeping levies on imported goods. The U.S. Court of Appeals for the Federal Circuit in Washington, D.C., will consider the legality of "reciprocal" tariffs that Trump imposed on a broad range of U.S. trading partners in April, as well as tariffs imposed in February against China, Canada and Mexico. A panel of all of the court's active judges, e...

July 17, 2025 8:50 AM

Trump says India trade agreement is close, Europe deal possible

The United States is very close to a trade deal with India, while an agreement could possibly be reached with Europe as well, but it is too soon to say whether a deal can be agreed with Canada, President Donald Trump said in an interview aired on Real America's Voice on Wednesday. To press for what Trump views as better terms with trading partners and ways to shrink a huge U.S. trade deficit, his administration has been negotiating trade deals ahead of an August 1 deadline, when duties on most ...

July 11, 2025 9:00 AM

Trump puts 35% tariff on Canada, eyes 15%-20% tariffs for others

U.S. President Donald Trump said on Thursday the United States would impose a 35% tariff on imports from Canada next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners. In a letter released on his social media platform, Trump told Canadian Prime Minister Mark Carney the new rate would go into effect on August 1 and would go up if Canada retaliated. The 35% tariff is an increase from the current 25% rate that Trump had assigned to Canada and is a blow to Ca...

July 10, 2025 12:35 PM

Trump imposes 50% tariffs on Brazil after spat with Lula

U.S. President Donald Trump said on Wednesday the U.S. would impose a 50% tariff on all imports from Brazil after a spat this week with his Brazilian counterpart who called him an unwanted "emperor." Brazil's President Luiz Inacio Lula da Silva fired back on Wednesday, saying new tariffs would be met with reciprocal measures. In a letter, Trump linked the tariffs to Brazil's treatment of former President Jair Bolsonaro, who is on trial over charges of plotting a coup to stop Lula from taking o...

July 8, 2025 9:52 AM

China warns Trump on tariffs, threatens retaliation on supply chain deals

China warned the Trump administration on Tuesday against reigniting trade tension by restoring tariffs on its goods next month, and threatened to retaliate against nations that strike deals with the United States to cut China out of supply chains. Washington and Beijing agreed to a trade framework in June that restored a fragile truce, but with many details still unclear, traders and investors on both sides of the Pacific are watching to see if it will unravel or lead to a lasting detente. On ...

May 29, 2025 8:59 AM

US court blocks most Trump tariffs, says president exceeded his authority

A U.S. trade court blocked President Donald Trump's tariffs from going into effect in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners. The Court of International Trade said the U.S. Constitution gives Congress exclusive authority to regulate commerce with other countries that is not overridden by the president's emergency powers to safeguard the U.S. economy. "The court does not pass upo...

May 16, 2025 4:41 PM

APEC highlights ‘fundamental challenges’ in global trade as tariffs overshadow meeting

The Asia-Pacific Economic Cooperation group adopted a statement on Friday that cited "fundamental challenges" facing the global trading system, but stopped short of discussing a joint response to U.S. tariffs looming large over its meeting. The annual gathering is the first major multilateral trade gathering since U.S. President Donald Trump's announcement of sweeping tariffs that hit more than half of the 21 members of the bloc with U.S. import duties in excess of the 10% minimum. ...

April 24, 2025 11:58 AM

U.S. Treasury Secretary Bessent calls China tariffs unsustainable as Washington eyes de-escalation

U.S. Treasury Secretary Scott Bessent said on Wednesday that high tariffs between the United States and China are not sustainable, as President Donald Trump's administration signaled openness to de-escalating a trade war between the world's two largest economies that has raised fears of recession. U.S. stocks rallied on hopes that the two countries might lower the steep trade barriers they have erected over the past month, though there was no sign that negotiations might start anytime soon. Be...

April 16, 2025 9:07 AM

Asian shares fall as Nvidia hit by U.S. chips curbs, gold hits record

Shares fell in Asia on Wednesday as AI darling Nvidia took a hit from U.S. curbs on chip sales to China, highlighting the damage to come in a tit-for-tat global trade war, while gold hit a record and the dollar stayed under pressure. Data showed that China's economy grew 5.4% in the first quarter from a year earlier, beating expectations, although trade tensions with the U.S. have clouded the outlook. Overnight, President Donald Trump ordered a probe into potential new tariffs on all U.S. crit...