'Financial ruin' for US? What happens if Trump tariffs are struck down by court — Explained
Saturday, 30 August 2025 () A US federal court has dealt President Trump a blow, ruling his sweeping tariffs illegal, stating he exceeded his authority by declaring trade deficits as national emergencies. While the tariffs remain during appeal to the Supreme Court, businesses face continued uncertainty. A potential $159 billion refund looms if the ruling stands, weakening Trump's negotiating power.
A U.S. appeals court has ruled that many of President Trump’s global tariffs were imposed illegally, dealing a major setback to his trade agenda. The 7-4 ruling found Trump overstepped his authority by using emergency powers to levy duties, though tariffs remain in place until October pending...
Hours after a U.S. appeals court ruled many of Trump’s global tariffs illegal, the former president doubled down, declaring tariffs will remain in place. Trump blasted the ruling as a “disaster,”..
President Trump has imposed 50% punitive tariffs on India, accusing New Delhi of “funding Russia’s war machine” through increased oil imports from Moscow. The move threatens $48.2 billion worth..
President Donald Trump, frustrated with the ongoing Russia-Ukraine war, pledged he could end the conflict “within 24 hours.” Speaking to reporters, Trump leaned pro-Russia, threatening Ukraine with..
Saturday, 30 August 2025 ()
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