Trump, Mexico and deal
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President Donald Trump told reporters on Wednesday that he would send letters to trading partners in the next week or two setting unilateral tariff rates. “At a certain point, we’re just going to send letters out.
17hon MSN
President Donald Trump’s heftiest tariffs cleared a court hurdle for now, after a federal appeals court ruled Tuesday that they could take effect while legal challenges play out.
A federal appeals court ruled Trump can continue to collect tariffs while businesses and states try to overturn taxes on foreign imports.
President Donald Trump hailed an appeals court ruling keeping his tariffs in place temporarily as a “great and important win” Wednesday morning, falsely claiming the court upheld his “Liberation Day” tariffs—though the actual court ruling says nothing about the merits of Trump’s signature policy, and judges could still strike the tariffs down.
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Treasury Secretary Scott Bessent told Congress that it is "highly likely" that a pause related to steep new US tariffs on other countries will be extended for countries that are negotiating with the administration "in good faith.
Many companies are still working through inventory they stocked before the tariffs hit — but some products are starting to get more expensive.
9hon MSN
Shortly after President Donald Trump returned to the White House in January, he launched a tariff war against China, as part of a broader implementation of import taxes on goods from several dozen countries as Trump seeks to reset the foundations of global trade.