Trump, Supreme Court and Federal Layoffs
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A federal court is blocking President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.
US President Donald Trump warned that a court ruling against his proposed tariffs could lead to the “economic ruination” of the US, claiming it would allow foreign nations to exploit America.
If the tariffs had taken effect as planned, the per-unit cost of a home might have increased by as much as $29,000. In a sector characterized by thin margins, that would have meant a lot of idle construction sites.
Federal court determined that President Trump doesn't have the authority to unilaterally impose tariffs, dealing a sweeping blow to his main weapon in his trade war.
The business community in southern Arizona is grappling with tariffs on imports and federal policies impacting tourism, retail and manufacturing.
President Donald Trump returned to the White House in January determined to overturn decades of American policy and build a tariff wall around a U.S. economy that used to be pretty much wide open to foreign products.
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MoneyWeek on MSNDonald Trump doubles steel and aluminium tariffs – what does it mean for markets?Donald Trump’s steel and aluminium tariffs will be doubled to 50% from Wednesday. Will the UK be impacted following its trade deal agreement, and what does it mean for markets?
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AlterNet on MSN'Stifling innovation': Red state newspaper bashes Trump policies in scathing editorialAn editorial published Sunday by Omaha World Herald, a Nebraska-based newspaper, argued that President Donald Trump's tariffs hurt the state's economy, saying that Nebraska’s entrepreneurs and shoppers thrive without trade obstacles imposed by the government.