Tariffs
U.S. President Donald Trump's defeat in a global tariff policy case has raised concerns about the potential delay in implementing promised tariff cuts on British car and steel exports. Despite Trump and UK Prime Minister Sir Keir Starmer's vow to cut tariffs, including on British
Tariffs
Nvidia, the US-based chip designer, reported a near 70% surge in quarterly revenues, exceeding Wall Street estimates despite the challenging operating environment caused by the US-China trade war and new export restrictions on its China sales. The company's revenue for the quarter to April 27 reached $44.1
Tariffs
As the global steel industry grapples with overcapacity and the influx of cheap steel, European countries are struggling to maintain their domestic steel industry. The imposition of 25% tariffs on steel from the EU by the US, coupled with the proliferation of cheap steel from countries like China and Turkey,
Tariffs
US President Donald Trump has announced a 25% increase in tariffs on foreign steel imports, doubling them to 50%, as part of his ongoing trade war strategy. This move is set to take effect on June 4, further pushing up prices for steel products, which have already increased by 16%
Tariffs
The US Court of International Trade's decision to rule that Donald Trump wrongly used the International Emergency Economic Powers Act to impose tariffs has sent shockwaves through the global trade landscape. This move, seen by many as a common-sense assertion of judicial authority, marks a significant setback for
Tariffs
The White House has vowed to challenge a court ruling that deemed President Donald Trump's "liberation day" tariff scheme to be illegal. On Wednesday, the US Court of International Trade ruled that Trump had no authority to use emergency economic powers legislation to impose sweeping global
Tariffs
Canada's main stock index, the S&P/TSX Composite Index, declined by 72.89 points or 0.3 per cent to 26,210.56, as investors reacted to U.S. court decisions impacting President Donald Trump's tariffs. The uncertainty surrounding tariff policy led to ongoing
Tariffs
President Donald Trump's most ambitious policy plans have been halted once again, this time by an obscure but powerful court in New York. The judges, appointed by Trump, Obama, and Reagan, ruled that the 1977 law used by Trump to justify a series of import taxes is an
Tariffs
President Donald Trump's latest policy ambitions have been thwarted once again, as a New York court rejected the legal basis for his sweeping tariffs on Wednesday. The court's ruling, which cited a 1977 law, found that Trump exceeded his authority by declaring a national emergency to
Tariffs
US President Donald Trump has reignited trade tensions with China, claiming that Beijing has "totally violated" a deal to reduce tariffs. The development comes as trade talks between the two nations appear stalled, with US Treasury Secretary Scott Bessent describing the situation as "a bit stalled."
International trade
US President Donald Trump has issued a scathing criticism of a ruling by the US Court of International Trade that suspended most of the extraordinary tariffs he had imposed on various countries since taking office. Trump hailed a later decision by the US Court of Appeals for the Federal Circuit
International trade
A US federal appeals court has made a move that could temporarily preserve US President Donald Trump's tariffs on most countries around the world, handing him a narrow win after a lower court rejected the administration's legal defense. The New York court's decision is
