International
U.S. President Donald Trump defended his wide-ranging tariff program after a federal appeals court declared most of the duties illegal. Trump argued that tariffs are critical to safeguarding America’s economy and national security, warning that without them, “our country would be completely destroyed.” He also thanked a lone Obama-appointed judge who dissented from the
International
A federal appeals court has ruled that most of President Donald Trump’s sweeping tariffs—imposed under emergency powers—were illegal. The court concluded that these measures exceeded the authority granted by the International Emergency Economic Powers Act (IEEPA), which does not authorize the president to impose tariffs without explicit congressional approval. The decision
International
Democratic members of the U.S. House Foreign Affairs Committee criticized President Donald Trump’s decision to impose 50% tariffs on Indian goods, calling the policy harmful to American businesses and consumers. Lawmakers said the tariffs unfairly penalize India while driving up costs at home. Questioning Link to Ukraine Conflict The committee argued that the
International
Indian petroleum refiners have made it clear they will continue importing Russian crude oil despite mounting pressure from the United States. Industry executives said there has been no instruction from the government to halt purchases, stressing a “country first, commerce later” approach. Tariff Concerns Impact Volumes, Not Strategy September loading orders have dipped,
International
The White House has officially launched an account on the popular video platform TikTok, despite ongoing legal and security concerns surrounding the app. In its first post, President Trump’s voice-over declares, “I am your voice,” with the caption, “America, we are BACK! What’s up TikTok?” The launch reflects a strategic shift toward engaging more directly […]
International
Japan revealed that the United States made a clerical error in calculating the “reciprocal” tariff rate. As a result, the effective rate on Japanese goods entering the U.S. will be lower than initially announced. What Went Wrong Japan’s chief trade negotiator, Ryosei Akazawa, explained that the original figure overlooked an agreed-upon tariff ceiling for Japan. […]