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Sunday, 13 July 2025
Economy

Business | May 31st 2025 Edition

Business | May 31st 2025 Edition

Donald Trump’s signature policy Tariff Was on countries Threw in chaos When federal We The Court of International Trade decided that he did not have the power to issue duties under the Economic Foundation Act. Its decision does not apply to tariffs imposed under various laws, such as steel and cars. The White House criticized the court, saying “it is not for undisclosed judges to decide” how to respond to an emergency. This will appeal against the discovery. Prior to the verdict, Mr. Trump suspended the danger to impose 50% tariff on the European Union and extended a time limit for a trade deal on 9 July.

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