Page 10 - Trump Tariff

Illinois toy firm takes Trump tariffs to SC in long shot bid for quick win

An Illinois toy company challenged President Donald Trump's tariffs in front of the Supreme Court on Tuesday in a long shot bid to press the justices to quickly decide whether they are legal. Learning Resources Inc filed an appeal asking the Supreme Court to take up the case soon rather than let it continue to play out in lower courts. The company argues the Republican president illegally imposed tariffs under an emergency powers law rather than getting approval from Congress. While the company won an early victory in a lower court, the order is on hold as an appeals court considers a similar ruling putting a broader block on Trump's tariffs. The appeals court has allowed Trump to continue collecting tariffs under the emergency powers law ahead of arguments set for late July. The company argued in court documents the case can't wait that long, in light of the tariffs' massive impact on virtually every business and consumer across the Nation, and the unremitting whiplash caused by th

JLR trims FY26 margin forecast to 5%-7% as US tariffs cast shadow

JLR's EBIT margin forecast was also below its reported margin of 8.5 per cent for the previous fiscal year

India has 'no basis' to seek WTO consultations on auto tariffs, says US

India had challenged the 25% US tariffs on automobiles at the WTO, claiming they were safeguard measures, but Washington insists they fall outside the Safeguards Agreement

Trump tariffs seen pushing up underlying US consumer prices in May

The Consumer Price Index report from the Labor Department on Wednesday could show the CPI less the volatile food and energy components rising by the most in four months

'China is not easy,' says Trump as trade talks move to second day in London

The US and China are holding a second day of talks Tuesday in London aimed at easing their trade dispute, after President Donald Trump said China is not easy but the US was doing well at the negotiations. A Chinese delegation led by Vice Premier He Lifeng met US Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer for several hours on Monday at Lancaster House, an ornate 200-year-old mansion near Buckingham Palace. Wang Wentao, China's commerce minister, and trade negotiator Li Chenggang are also in Beijing's delegation. Asked late Monday how the negotiations were going, Trump told reporters: We are doing well with China. China's not easy. The two sides are trying to build on negotiations in Geneva last month that agreed to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession. Since the Geneva talks, the US and China have exchanged an

Rupee slump deepens; ends 31 paise lower after breaching 86/$ intraday

Indian Rupee today: The domestic currency closed 31 paise lower at 85.90 against the greenback, after closing at 85.59 on Tuesday

US to move forward with tariffs despite court ruling, say Trump aides

The Trump administration has confirmed that the tariffs announced under President Donald Trump will proceed, with no plans to extend the 90-day tariff pause

China accuses US of violating trade truce over chip curbs, vows retaliation

US-China truce in jeopardy as Washington and Beijing trade accusations over Geneva trade agreement violations

Will double tariffs on foreign steel from 25% to 50%, says Trump

Trump had gone to the plant near Pittsburgh to champion an expected deal between US Steel and Japan's Nippon Steel Corp.

15% tariff for 150 days: Trump admin prepares 'Plan B' after court ruling

Provisions under the rarely used US Trade Act of 1974 allow the Trump administration to impose short-term tariffs of up to 15% for 150 days to address trade imbalances

Trump's tariffs to remain in effect after appeals court grants stay

Wednesday's surprise ruling by the US Court of International Trade had threatened to kill or at least delay the imposition of Trump's so-called Liberation Day tariffs on imports

What is TACO trade and how 'Trump chickening out' helps investors profit

US President Donald Trump says what critics call 'chickening out' on tariffs is really strategic negotiation, but investors are profiting from the volatility

Trump denies 'chickening out' on tariffs amid frequent rate changes

US President Donald Trump wants the world to know he's no chicken just because he's repeatedly backed off high tariff threats. The Republican president's tendency to levy extremely high import taxes and then retreat has created what's known as the TACO" trade, an acronym coined by The Financial Times' Robert Armstrong that stands for Trump Always Chickens Out". Markets generally sell off when Trump makes his tariff threats and then recover after he backs down. Trump was visibly offended when asked about the phrase Wednesday and rejected the idea that he's chickening out", terming the reporter's inquiry nasty". "You call that chickening out? It's called negotiation, Trump said, adding that he sets a ridiculous high number and I go down a little bit, you know, a little bit" until the figure is more reasonable. Trump defended his approach of jacking up tariff rates to 145 per cent on Chinese goods, only to pull back to 30 per cent for 90 days of negotiations. Similarly, last week he

Trump pressures EU for unilateral tariff cuts as trade talks stumble

As the deadline for the 90-day tariff pause grows near, the Donald Trump administration and European Union fail to find consensus in trade talks

India well-positioned to deal with negative effects of US tariffs: Moody's

India is well-positioned to deal with the negative effects of US tariffs and global trade disruptions as domestic growth drivers and low dependence on exports anchor the economy, Moody's Ratings said on Wednesday. In a note on India, the agency said government initiatives to boost private consumption, expand manufacturing capacity and increase infrastructure spending will help offset the weakening outlook for global demand. Easing inflation offers the potential for interest rate cuts to further support the economy, even as the banking sector's liquidity facilitates lending. "India is better positioned than many other emerging markets to deal with US tariffs and global trade disruptions, helped by robust internal growth drivers, a sizable domestic economy and a low dependence on goods trade," Moody's said. Besides, the Pakistan-India tensions, including the flare-up earlier in May, would weigh on Pakistan's growth more than on India's. "In a scenario of sustained escalation in ...

Trump's tariffs to test unity among allies at G7 finance ministers' summit

Leading financial officials from the world's richest countries are gathering in a Canadian mountain resort this week for what may prove a contentious meeting in the wake of President Donald Trump's sweeping tariffs. The annual meetings of the Group of 7 finance ministers, known as the G7, are typically congenial and in previous years have produced joint commitments to combat inflation and counter the COVID pandemic. There may be less agreement this year as Trump's tariffs threaten to slow growth in many of the gathered nations, including host Canada, which Trump has also suggested become a potential 51st state. I expect it will be somewhat of a testy conversation among the G7 officials, said Eswar Prasad, an economist at Cornell University and former top official at the International Monetary Fund. This is a very difficult period for the relationships among the G7 countries. The Trump administration has reached an initial trade deal with one G7 member, the United Kingdom, and is ..

US tariff unpredictability poses credit risk for debt issuers: Moody's

Moody's Ratings on Tuesday said the uncertainties around US tariffs have negative credit consequences for debt issuers across emerging markets, including companies, governments and banks. "The on-again, off-again US tariffs and difficulty predicting US trade policy have negative credit consequences for debt issuers across emerging markets," Moody's said. Besides, geopolitics is an additional stress for emerging markets, including the flare-up of tensions between India and Pakistan. Exporters are most directly exposed to US tariff changes, but most debt issuers face indirect effects, Moody's said, adding tariffs will reach a much bigger and varied group of debt issuers indirectly through slowing economic growth and, for many, commodity price declines, currency depreciation and investor risk aversion. "The raft of tariffs the US administration has announced, altered and paused this year has negative credit consequences for debt issuers across emerging markets, including companies, .

Taiwan's Prez downplays US tariff tensions as 'frictions between friends'

The Taiwanese president said Tuesday that trade tensions between the United States and Taiwan are just frictions between friends in a show of optimism as tariff negotiations are underway with Washington. US President Donald Trump imposed 32 per cent tariffs on all imports from Taiwan as part of sweeping duties levied against all US trading partners last month. The tariffs on Taiwanese goods were subsequently lowered to 10 per cent for 90 days to allow for trade negotiations. Officials from both sides met in Taipei, the island's capital, last month for a first round of in-person talks, to be followed by another one in the coming weeks. In a speech marking his first year as president and focusing on Taiwan's strategies to defuse the effects of US tariffs and military threats from China, Lai Ching-te struck an accommodating tone despite the tariff pressure. The US and Taiwan have long cooperated and have also encouraged each other to grow, he said. There are bound to be frictions betw

How China's slow approval of rare earths is threatening supply chains

China's delay in approving export licences threatens manufacturing, EVs, and defence tech worldwide

Midpoint of Trump's tariff hiatus to reveal increasingly unsettled world

Chinese consumer and industry data on Monday will be followed by purchasing manager indexes on Thursday from around the world