Thursday, May 29, 2025, 11:21 am
A series of federal court decisions has effectively undermined President Trump’s tariff agenda, forcing the administration to scramble for alternatives. The rulings have drawn both criticism and wry commentary, with legal experts decrying the overreach as a classic case of executive gamble facing a judicial reality check.
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Judge Contreras sides with a toy company, halting Trump's tariffs under IEEPA, as the administration considers an appeal, affecting trade and businesses.
The president has multiple legal avenues that allow him to impose tariffs and force countries to the negotiating table, trade experts say.
The U.S. Court of Appeals temporarily stays a ruling against Trump's tariffs, questioning the extent of presidential power under the IEEPA until June 2025.
A second federal judge has ruled against President Donald Trump’s sweeping use of emergency tariffs, intensifying the legal and political battle over one of the administration’s signature economic policies.
The Trump administration threatened to go to the Supreme Court as soon as Friday if a federal appeals court did not halt a ruling to block many of the president’s tariffs.
On Wednesday, President Donald Trump's "Liberation Day" collided with deliberation day in the courts, and it did not go well.
There are several trade rules Trump can use to impose tariffs despite a court ruling that blocks his hefty "Liberation Day" taxes, Goldman Sachs analysts said in a note on Thursday.
Gap beat Wall Street's expectations on the top and bottom lines but is expecting new tariffs to cost hundreds of millions of dollars.
The last 24 hours have been a rollercoaster for businesses big and small -- now ensnared in a legal back-and-forth. It's also left many American companies in financial limbo, when all they want is some certainty. Jo Ling Kent reports.
As President Trump's "Liberation Day" tariffs work their way through the courts, New York Gov. Kathy Hochul joins "The Takeout" to discuss the economic impact on her state, immigration raids and more.
The U.S. Court of International Trade halted most of President Trump's global tariffs, ruling they exceeded his authority. CBS News' Nancy Cordes has the latest. Also, Javier E. David, managing editor at The Dallas Morning News, joins "CBS News 24/7" with more on the U.S. economy.
The Court of International Trade has dealt a serious blow to President Trump's tariff policy. Here's what to know about the court.
Hyundai Weighs Across-the-Board US Price Hikes to Blunt Tariffs Bloomberg.com
The Tariffs Are Illegal Bloomberg
Throughout his 2024 campaign, President Donald Trump ran on imposing broad tariffs on most of the world as a means of revitalizing the American manufacturing sector. But most of those tariffs are now moot after a monumental court ruling this week, and one journalist is arguing that Trump's loss was…
For the second time in less than 24 hours, a federal court Thursday blocked tariffs imposed by President Donald Trump earlier this year, ruling he exceeded his presidential authority with the sweeping and arbitrary nature of the orders.U.S District Judge Rudolph Contreras, an Obama appointee who…
In a sweeping decision on Wednesday, May 28, the U.S. Court of International Trade in Manhattan blocked most of the tariffs that President Donald Trump is imposing on the United States' trading partners — saying that the U.S. Constitution gives Congress the power to regulate trade. A three-judge…
permalink / 17 stories from sources in 2 days ago #trump #legal #tariffs #federal-courts
Independent assessments show that Iran has significantly hiked its stockpile of uranium enriched near weapons grade. UN watchdog reports and other sources underscore mounting concerns about Iran’s nuclear ambitions and the potential military applications of this dangerous buildup. More...
Hamas officials have vehemently rejected a US-backed ceasefire proposal, demanding additional guarantees before halting hostilities in Gaza. In a parallel development, an Israeli defense official warned that failure to comply with the ceasefire terms could trigger severe consequences, underscoring the fragile progress amid intensifying tensions. More...
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In a move that hardly inspires a standing ovation from the climate crowd, the administration canceled $3.7 billion in Biden-era green energy awards. Critics bemoan the sidelining of carbon-capture and renewable projects, questioning whether bureaucratic enthusiasm outweighed genuine environmental commitment. More...
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