-
Tariff uncertainty intensifies with the U.S. court's ruling
As if the ever-changing trade mandates from U.S. President Donald Trump weren’t hard enough for companies, here comes a new complication: the federal appeals court. On Friday, the U.S. Court of Appeals for the Federal Circuit ruled that Trump’s imposition of “reciprocal” tariffs on countries, as well as those on China, Canada and Mexico ostensibly in relation to fentanyl trafficking, was an overreach of his authority. That said, those tariffs will be allowed to persist until Oct. 14 so that the Trump administration has time to appeal to the U.S. Supreme Court. On first blush, this development might seem to ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
President Donald Trump’s aggressive trade agenda hit a significant snag this week when a federal appeals court ruled that most of his “reciprocal tariffs” are illegal. The U.S. Court of Appeals for the Federal Circuit held Friday that Trump overstepped his presidential authority when he imposed levies on virtually every country in the world as part of his ...
President Donald Trump’s trade adviser Peter Navarro said Sunday that “it will be the end of the United States” if the president’s sweeping tariffs are ultimately blocked by the U.S. Supreme Court. Navarro’s comments echoed Trump’s own rhetoric as the president sharply criticized last week’s 7-4 appeals court decision, which ruled that most of Trump’s ...
From beemarkets.com | Aug 31, 2025
The global economy is facing its steepest downturn in years, with Fitch Ratings slashing its GDP growth forecast for 2025 and 2026 to just 2.2%, down from 2.9% in 2024. This figure is notably lower than the historical average of 2.7%, reflecting the lingering impact of the most severe global trade war since the 1930s, according to the agency. The primary ...
