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Triumphant in trade talks, Trump and his tariffs still face a challenge in federal court
The U.S. Constitution gives the power to impose taxes — including tariffs — to Congress. But lawmakers have gradually relinquished power over trade policy to the White House. And Trump has made the most of the power vacuum, raising the average U.S. tariff to more than 18%, highest since 1934, according to the Budget Lab at Yale University.
The tariffs mark a new phase in what has been a complicated and at times chaotic push to reset the terms of global trade.
July 30 (Reuters) - The United States is suspending a "de minimis" exemption that allowed low-value commercial shipments to ...
Chinese trade negotiators and the White House said both sides are looking to potentially extend talks beyond an August ...
1don MSN
The U.S. is set to impose double-digit tariffs on dozens of countries Friday, as the Trump administration continued to ...
While describing India as a “friend,” the president raged against the country’s high tariffs on the US, including its ...
President Donald Trump said on Wednesday the United States is still negotiating with India on trade after announcing earlier ...
Markets (^GSPC, ^IXIC, ^DJI) are bracing for a turbulent week as the White House confirms key details in a new EU trade deal.
That statement came some 12 hours after Trump announced an agreement Sunday with the European Union that would see a 15% tax ...
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