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The administration of President Donald Trump would enact new tariffs almost immediately if the Supreme Court struck down sweeping global tariffs the president launched under an emergency law, U.S. Trade Representative Jamieson Greer told the New York Times in an interview published on Monday.
The Trump administration has numerous tariffs in place, impacting global trade and relations with dozens of countries. Here's what to know.
President Trump may be on the verge of having his authority on imposing tariffs curtailed, but that hasn’t slowed down his threats.
Just a few days after threatening new tariffs on a handful of European nations, President Donald Trump walked back those tariffs, causing stocks to jump on Wednesday afternoon. The episode may be giving investors flashbacks to last year,
Modeling from the Washington think tank finds that tariffs imposed by the current Trump administration amount to an average tax increase of $1,100 per U.S. household in 2025, rising to $1,500 in 2026.
But as primarily a trading bloc of 27 nations, the EU's toolkit is mostly financial instruments, from steep tariffs on U.S. goods to the so-called “trade bazooka" touted by French President Emmanuel Macron.
Investors are getting accustomed to a familiar pattern known on Wall Street as ‘TACO’ — the assumption that the president eventually reverses policies that threaten to sink the market
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