Tag Archives: Tariffs

The administration of President Donald Trump has refunded more than $20 billion in tariffs to importers and shipping companies after the Supreme Court of the United States struck down a central part of Trump’s trade policy earlier this year. According to a court filing submitted Tuesday, the administration had collected …

A federal trade court ruled Thursday that President Donald Trump exceeded his legal authority when he imposed a new round of 10% global tariffs earlier this year, dealing another major blow to the administration’s aggressive trade agenda. In a 2-1 decision, a three-judge panel on the United States Court of …

The federal government will launch a new online portal next week allowing businesses to seek refunds for tariffs ruled illegal by the U.S. Supreme Court, potentially opening the door to as much as $175 billion in repayments — though companies may face a complicated and lengthy process to recover their …

The administration of Donald Trump is racing to replace billions of dollars in lost tariff revenue after the U.S. Supreme Court struck down a major portion of the president’s trade agenda last month. If the administration’s new tariffs move forward, American households could pay an average of $2,512 in import …

A federal judge ruled Wednesday that U.S. companies that paid tariffs imposed by Donald Trump under emergency powers later struck down by the Supreme Court of the United States are legally entitled to refunds, a decision that could force the federal government to return tens of billions of dollars to …

FedEx sued the Trump administration on Monday, seeking a “full refund” of tariffs it paid under a sweeping emergency tariff regime that the Supreme Court of the United States struck down last week. The lawsuit follows Friday’s ruling that President Donald Trump exceeded his authority when he relied on the …

Hours after the U.S. Supreme Court struck down his sweeping global tariffs, President Donald Trump unleashed a blistering attack on the six justices who ruled against him — including two conservative jurists he appointed during his first term. Speaking to reporters Friday, Trump said he was “ashamed of certain members …

President Donald Trump signed a proclamation Friday night imposing a new 10% tariff on most foreign imports to the United States, moving swiftly to revive his trade agenda just hours after the U.S. Supreme Court struck down an earlier set of sweeping tariffs. The new tariffs will take effect Monday …

The U.S. Supreme Court delivered a major setback to President Donald Trump on Friday, ruling 6–3 that he exceeded his authority when he imposed sweeping global tariffs under a law reserved for national emergencies. The justices held that Trump’s broad tariffs on imports from dozens of countries were not authorized …

President Donald Trump’s top economic adviser on Wednesday urged punishment for Federal Reserve economists after a new study concluded that U.S. companies and consumers are paying for nearly all of the tariffs imposed by the White House last year. “The paper is an embarrassment,” Kevin Hassett, director of the White …

The House voted Wednesday to overturn President Donald Trump’s tariffs on Canada, with six Republicans joining nearly all Democrats in a bipartisan rebuke of a key pillar of the president’s trade agenda. The resolution, introduced by Rep. Gregory Meeks, D-N.Y., passed 219-211. But the measure is largely symbolic for now: …

President Donald Trump on Wednesday abruptly scrapped the tariffs he had threatened to impose on eight European nations in a bid to pressure Denmark and NATO into ceding control of Greenland, reversing course hours after insisting the United States wanted the island “including right, title and ownership.” In a post …

President Donald Trump threatened Monday to impose a sweeping 25% tariff on any country that continues doing business with Iran, a move that could disrupt U.S. trade relations with major global economies including China, India, the European Union and the United Arab Emirates. “Effective immediately, any Country doing business with …

Costco Wholesale Corp. has filed a federal lawsuit seeking refunds of the tariffs it has paid on imported goods, becoming one of the largest U.S. companies to mount a direct legal challenge to President Donald Trump’s broad use of emergency powers to impose levies on foreign products. The complaint, filed …

The Trump administration said Friday it will lift tariffs on a range of foreign goods — including beef, tomatoes, bananas and coffee — in a bid to ease consumer price pressures that have accelerated since the president’s global trade levies took effect. The exemptions, effective immediately, apply to a set …