President Donald Trump is blasting federal judges for temporarily blocking his “Liberation Day” tariffs, calling the court’s decision “political” and “Country threatening.” In a Truth Social post on Thursday, Trump questioned how judges, including one he appointed, could issue such a ruling, expressing frustration with the legal advice he received on certain judicial picks.
A federal court has blocked President Donald Trump's sweeping "Liberation Day" tariffs, ruling that the administration overstepped its authority under the International Emergency Economic Powers Act (IEEPA) of 1977.
The battle over President Donald Trump’s “Liberation Day” tariffs took a dramatic turn Thursday, as a federal appeals court issued an emergency stay reinstating the tariffs. This came just one day after the U.S. Court of International Trade ruled the tariffs illegal and blocked their enforcement. The quick reversal allows the Trump administration’s trade policy to move forward while the legal battle continues.
A wave of large-scale protests is sweeping across China as factory workers, teachers, and even sanitation workers take to the streets over unpaid wages and new government-imposed fees. The unrest, intensifying throughout April, reflects deepening economic stress exacerbated by President Donald Trump’s tariffs and a faltering post-pandemic recovery.
Treasury Secretary Scott Bessent said Sunday that President Donald Trump wants to reestablish stronger business ties with China, even as the administration prioritizes rebuilding America’s manufacturing base. His remarks came during an interview on CNN’s “State of the Union,” where he addressed the challenges small businesses face in sourcing American-made goods.
President Donald Trump sharply criticized Walmart on Saturday, demanding the retail giant absorb the costs of his administration's tariffs instead of passing them on to consumers.
JPMorgan is dialing back its recession forecast following President Donald Trump’s temporary tariff rollback on Chinese imports. The bank now estimates the chance of a U.S. recession in 2025 has dropped below 50%, down from a 60% likelihood previously projected.
After two days of high-level negotiations in Geneva, President Donald Trump's top trade officials reported significant progress toward a new U.S.-China trade agreement.
In a significant development, Chinese President Xi Jinping has dispatched Minister of Public Security Wang Xiaohong to Switzerland for high-level trade negotiations with the United States.
