Trump plans to cut beef tariffs
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Trump, the tariffs and US Trade Representative
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The U.S. Court of International Trade (CIT) on May 7 ruled by a 2-1 vote that the 10 percent temporary tariffs imposed under Section 122 of the
President Donald Trump’s 10% across-the-board tariffs are in jeopardy after a federal court ruled them illegal on Thursday, dealing a second major blow this year to the president’s signature economic policy.
For months, investors have been caught between two competing realities. On Wall Street, the market keeps grinding higher, fueled by AI optimism, strong corporate earnings, and a labor market that refuses to crack.
The tariffs that roiled the economy in 2025 are getting a sequel: the government is holding hearings intended to impose import taxes to replace the ones the Supreme Court struck down in February.
As Washington weighs new trade measures tied to forced labor, fashion brands may soon face higher import costs — and greater pressure to prove exactly where their products come from.
The Commerce Department will consider adjusting the current 50% tariff to 25% for companies committing to making the metals in the U.S.
Kevin O’Leary claims that theme park attendance shows a healthy economy. But his numbers don’t show the whole story.