Trump, China and Iran war
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On Thursday, a panel of federal judges on the Court of International Trade voted that President Trump’s 10% tariffs on most US imports are illegal. In a 2-1 vote, the court sided with a group of small businesses that argued that the law sidestepped the Supreme Court’s January ruling that struck down Trump’s blanket tariffs imposed under the International Emergency Economic Powers Act.
Markets are facing their worst crisis since the COVID crash after China matched President Donald Trump’s big raise in tariffs following the president's "liberation day" announcement.
Tariffs, competition over tech, the Iran war and Taiwan are on the agenda for the leaders of the two superpowers.
Xi Jinping received Trump who arrived in Beijing on Wednesday night for a three-day visit to Beijing to hold talks with Xi on a host of issues, including Iran war trade fictions. The leaders are scheduled to have few rounds of talks on Thursday and Friday.
President Donald Trump says he'll enact a 10% global tariff using other federal laws after the Supreme Court ruled against his far-reaching global tariffs on Friday.
President Trump delivers his State of the Union address tonight. The speech comes just days after a Supreme Court rebuke on tariffs scrambled the president’s trade war — and a