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.
The rulings against the levies in two federal courts – the U.S. Court of International Trade and the U.S. District Court in Washington, D.C. -- centered on Trump's unprecedented invocation of the International Economic Emergency Powers Act as a legal justification for tariffs.
President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax-break package.
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.
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.
The business community in southern Arizona is grappling with tariffs on imports and federal policies impacting tourism, retail and manufacturing.
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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.
Most of President Trump’s tariffs were halted late Wednesday by a U.S. trade court in a sharp rebuke of the president’s signature trade war policy.