‘Very unfair’: Trump threatens extra 5% tariff on Mexico over water dispute

President accuses neighbor of violating treaty governing water-sharing and urges water to be released ‘immediately’ Donald Trump has threatened to impose an additional 5% tariff on Mexico if it does not immediately provide additional water to help US farmers, accusing the country of violating a treaty that outlines water-sharing between the neighbors. Under the treaty, … Read more

Trump’s plan to impose semiconductor tariffs may be delayed, sources say

Officials are reportedly taking their time on US president’s long-promised chips plan to avoid a rupture with China US officials are privately saying that they might not levy long-promised semiconductor tariffs soon, potentially delaying a centerpiece of Donald Trump’s economic agenda. Officials relayed these messages over the last several days to stakeholders in the government … Read more

US supreme court to hear oral arguments on legality of Trump imposing tariffs

President’s tariffs to be scrutinized in crucial legal test of his strategy to impose tariffs on nearly every US trading partner Donald Trump’s sweeping tariffs on the world will be scrutinized by the US supreme court today, a crucial legal test of the president’s controversial economic strategy – and his power. Justices are scheduled to … Read more

The president who cried tariffs: will the US supreme court challenge Trump’s trade war?

The US high court will hear arguments on whether Trump’s erratic imposition of global tariffs is legally valid Donald Trump thrives on emergencies. He cried havoc on the very first day of his second term, declaring a national emergency caused by an “invasion” of “illegal aliens” from Mexico. He has since invoked emergencies more than … Read more

US Senate votes to reverse Trump’s tariffs on Brazil

Vote passes 52-48 with Republican support in rare bipartisan rebuke of US president’s trade policies The US Senate on Tuesday approved a measure that would terminate Donald Trump’s sweeping tariffs on Brazilian imports, including coffee, beef and other products, in a rare bipartisan show of opposition to the president’s trade war. The vote passed 52-48. … Read more

Trump raises tariffs on Canada by 10% in retaliation for anti-tariff TV ad

Move is response to ad sponsored by Ontario that referenced Ronald Reagan’s support for free trade Donald Trump announced on Saturday that he will raise US tariffs on Canada by 10% in retaliation for an anti-tariff advertisement sponsored by the Ontario government, which has further strained one of the world’s largest trade partnerships. The statement, … Read more