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Tag: International Trade

Federal Appeals Court Limits Presidential Tariff Powers, Trump Vows Supreme Court Challenge

Federal Appeals Court Limits Presidential Tariff Powers, Trump Vows Supreme Court Challenge

Federal Appeals Court Limits Presidential Tariff Powers, Trump Vows Supreme Court Challenge A recent federal appeals court decision has delivered a significant blow to former President Trump’s expansive use of tariffs, ruling that he overstepped his authority in declaring national emergencies to justify widespread import duties. The U.S. Court of Appeals for the Federal Circuit, in a 7-4 decision this past Friday, largely upheld an earlier May ruling by a federal trade court in New York, which found that Trump’s…

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European Postal Services Halt US Package Shipments Amid New Tariff Confusion

European Postal Services Halt US Package Shipments Amid New Tariff Confusion

European Postal Services Halt US Package Shipments Amid New Tariff Confusion Multiple major European postal services have suspended the shipment of most packages to the United States, effective immediately, as new import tariffs take effect and widespread confusion persists over their implementation. The move comes as the U.S. ‘de minimis’ exemption, which previously allowed packages valued under $800 to enter duty-free, expires, making all goods subject to new tariffs. Postal operators in Germany, Denmark, Sweden, and Italy initiated suspensions starting…

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Swiss Watch Industry Grapples with New US Tariffs

Swiss Watch Industry Grapples with New US Tariffs

Swiss Watch Industry Grapples with New US Tariffs The Swiss watch industry is facing a significant challenge as new tariffs imposed by the US administration, led by President Trump, came into effect this week. Despite last-minute diplomatic efforts by Swiss leader Karin Keller-Sutter, a 39 percent levy is now applied to all Swiss watch exports, including luxury brands like Rolex, Omega, and Patek Philippe, entering the United States. This development is poised to severely impact Swiss watchmakers, as the US…

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Global Alarm as US Tariffs Soar to Near-Century High; Trump-Putin Meeting on Horizon

Global Alarm as US Tariffs Soar to Near-Century High; Trump-Putin Meeting on Horizon

Global Alarm as US Tariffs Soar to Near-Century High; Trump-Putin Meeting on Horizon Governments worldwide are scrambling to implement contingency plans following the implementation of significant US tariffs, which took effect shortly after midnight Washington time on Thursday. This move has pushed US tariff levels to their highest point in nearly a century, sparking international concern. Brazil has announced intentions for a state aid program to support companies impacted by the new duties, with President Luiz Inácio Lula da Silva…

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EU Leaders Express Grave Concerns Over New US Trade Deal

EU Leaders Express Grave Concerns Over New US Trade Deal

EU Leaders Express Grave Concerns Over New US Trade Deal A recently forged trade agreement between the European Union and the United States has been met with significant apprehension from Europe’s most influential economies. German Chancellor Friedrich Merz and French Prime Minister Francois Bayrou have led a chorus of critical reactions following the deal struck by EU chief Ursula von der Leyen and US President Donald Trump. Chancellor Merz warned the accord would “substantially damage” Germany’s financial stability, while Prime…

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Trump Administration’s Tariff Delays and Global Trade Standoff (2019 Archive)

Trump Administration’s Tariff Delays and Global Trade Standoff (2019 Archive)

Trump Administration’s Tariff Delays and Global Trade Standoff (2019 Archive) Archival analysis from 2019 reveals that the Trump White House faced significant challenges in its ambitious trade agenda, particularly concerning the imposition of ‘reciprocal’ tariffs. Despite an initial promise of ’90 deals in 90 days’ following a partial pause on tariff levies, the administration struggled to meet its own deadlines. A key indicator of this difficulty was the extension of a critical deadline from July 9th to August 1st, with…

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US Dollar Plunges 10% in First Half of 2025, Sparks Debate on America’s Financial Future

US Dollar Plunges 10% in First Half of 2025, Sparks Debate on America’s Financial Future

US Dollar Plunges 10% in First Half of 2025, Sparks Debate on America’s Financial Future The U.S. dollar, long a symbol of American financial might, has experienced a significant downturn in the first six months of 2025, slumping more than 10%. This marks its steepest decline for the first half of a year since 1973, prompting widespread discussion among investors and economists about the future of America’s financial standing. The current depreciation reverses a prolonged period of annual gains for…

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BRICS Summit Underway in Rio: Leaders Navigate Global Tensions with Cautious Agenda

BRICS Summit Underway in Rio: Leaders Navigate Global Tensions with Cautious Agenda

BRICS Summit Underway in Rio: Leaders Navigate Global Tensions with Cautious Agenda RIO DE JANEIRO – The BRICS bloc of developing economies commenced its highly anticipated summit in Rio de Janeiro on Sunday, July 6, 2025, continuing through Monday. The gathering is unfolding amidst a complex global landscape, heavily influenced by U.S. President Donald Trump’s tariff policies and escalating tensions in the Middle East, particularly concerning Israel’s actions in Gaza and Iran. Brazilian President Luiz Inácio Lula da Silva, hosting…

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US Threatens EU with Major 17% Tariff on Food Exports Amid Rising Trade Tensions

US Threatens EU with Major 17% Tariff on Food Exports Amid Rising Trade Tensions

US Threatens EU with Major 17% Tariff on Food Exports Amid Rising Trade Tensions The United States has delivered a significant warning to the European Union, threatening to impose a substantial 17% tariff on food exports originating from the bloc. This latest development marks a sharp escalation in ongoing trade disputes between the two major economic powers. The proposed tariff, if implemented, could have far-reaching consequences for transatlantic commerce, potentially impacting consumer prices and agricultural industries on both sides. While…

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Trump’s Tariff Tango: A Friendlier Explanation of the Latest Trade Twists

Trump’s Tariff Tango: A Friendlier Explanation of the Latest Trade Twists

Trump’s Tariff Tango: A Friendlier Explanation of the Latest Trade Twists Hey friend, so you know how President Trump’s been playing this intense game of trade chicken with various countries? It’s gotten even more complicated, so let me break it down. Basically, he’s threatened to unilaterally impose new tariffs on several countries. He’s talking about sending out “take-it-or-leave-it” letters in the next couple of weeks, with a July 9th deadline looming. This isn’t entirely new; he’s done this before, announcing…

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