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Trump responds to Supreme Court ruling with new 10% tariff
Yahoo Finance· 2026-02-20 21:07
Updated 12:58 p.m. EST on 2/21/2026 to reflect President Trump's decision to increase global tariffs to 15% from 10% following the Supreme Court ruling under Section 122 of the Trade Act of 1974. The much-anticipated Supreme Court decision on the legality of tariffs was issued on Friday. The high court determined that President Donald Trump overstepped his legal authority when he used the Emergency Powers Act to impose wide-ranging global tariffs, a cornerstone of his economic and policy agenda. Presiden ...
X @The Wall Street Journal
How will President Trump’s “big, beautiful bill” affect Americans? 🎧 Listen: https://t.co/TFOHXdcRNwBarclays analyst Michael McLean explains the differing viewpoints between Washington and Wall Street and the role of a rising U.S. deficit. https://t.co/KYkzo7u6z4 ...
Bessent on U.S. deficit: “We did not get here overnight.”
Yahoo Finance· 2025-06-13 14:58
is we did not get here overnight. Uh I have gained about 10 lbs since inauguration. I'm not going to cut off my arm to get back to my January 20th weight.But we don't have a chance of returning to a balanced budget if we don't return to preandemic levels of spending. And I've laid out a number of options. Leave social security, Medicare, and interest as they are as you spend.But all their outlays, actual outlays, increase them by population growth and inflation. we literally would have a baseline spending s ...