Trump sued by states over new tariffs
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The U.S. Supreme Court has ruled former President Donald Trump’s tariffs unlawful, limiting the scope of presidential emergency economic powers. University of Minnesota political science professor
US President Donald Trump applied the new baseline tariff under Section 122 of the 1974 Trade Act after the Supreme Court invalidated tariffs imposed under IEEPA. Here, we explain the laws involved in Trump tariffs.
Navigating a possible high-tariff environment in 2026 may seem daunting. Click to learn how trade policies impact your investment portfolio.
As of late August 2025, the economic environment remains uncertain with effective tariff rates now around 15-20% on average across all US imports. A resolution to tariff uncertainty has mostly arrived with lower-than-feared rates for many major trading ...
President Donald Trump introduced numerous tariffs on U.S. trade partners in 2025, promising the economy would benefit from them. His reasons for the tariffs varied from trade deficits to concerns about fentanyl entering the country. Video above: Will ...
Rising trade frictions over the past decade have sparked urgent questions about their long-term impact on global economies. The U.S. now applies tariffs of 66.4% on Chinese exports, which is higher compared to the average rate of 19.3%, while China ...
The U.S. Supreme Court is reviewing a case to determine whether President Donald Trump’s global tariffs are legal. Until recently, tariffs rarely made headlines. Yet today, they play a major role in U.S. economic policy, affecting the prices of ...
A study by Federal Reserve Bank of San Francisco researchers suggest that inflation initially declines when tariffs are implemented, as demand falls, but then rise in the longer term as economic activity picks up, according to an economic letter released ...
The fall October’s deficit relative to September’s is entirely due to swings in pharmaceutical imports and gold imports (and exports). Ironically, neither category has been subject to tariffs. Fear of a pharmaceutical tariff led to large imports of ...
In a major ruling on presidential power, the Supreme Court on Friday struck down the sweeping tariffs that President Donald Trump imposed in a series of executive orders. By a vote of 6-3, the justices ruled that the tariffs exceed the powers given to the ...