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Triumphant in trade talks, Trump and his tariffs still face a challenge in federal court
The U.S. Constitution gives the power to impose taxes — including tariffs — to Congress. But lawmakers have gradually relinquished power over trade policy to the White House. And Trump has made the most of the power vacuum, raising the average U.S. tariff to more than 18%, highest since 1934, according to the Budget Lab at Yale University.
The Latest: Trump triumphant over new tariffs regime, but concerns abound
The White House is portraying Friday's launch of President Donald Trump's new tariffs regime as a testament to his negotiating skills, despite concerns that the taxes will stunt the economy and increase inflation in ways that disproportionately harm working-class Americans.
9hon MSN
Back in April, Trump had claimed to have done "over 200 deals" in an interview with Time Magazine, and trade advisor Peter ...
The European Union and the US have announced a political agreement that will completely reset the €1.7 trillion ($2 trillion) ...
“IEEPA nowhere mentions tariffs, duties, imposts, or taxes, and no other President in the statute’s nearly 50-year history ...
Wholesalers, distributors inside economy expect massive hit from Trump trade policy in a sector that is one-third of GDP and ...
The US is seeing increased tariffs income, but there are signs of some countries diverting trade from America.
President Donald Trump says the United States and India are still negotiating on trade despite new tariffs slated to begin in ...
As negotiations between China the U.S. ended Tuesday. Treasury Secretary Scott Bessent said that “nothing is agreed until we ...
Former Clinton adviser calls Trump's European trade negotiations an "absolute success" as EU agrees to major deal involving ...
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