Tariffs and Trade Policy - The President's use of emergency powers to impose tariffs is being challenged in courts, raising concerns about potential economic fallout [1] - The tariffs are extraordinarily high, reminiscent of the Smoot-Hawley Act during the Great Depression [2] - The constitutionality of the tariffs is questioned, as the power to levy tariffs is constitutionally granted to Congress [3] - The President's inconsistent tariff policies have created enormous uncertainty in global markets [5][6] - CEOs are preparing for continued uncertainty in international business relations due to the tariffs [8] Economic Impact - The President's actions have created greater economic uncertainty than even the COVID-19 pandemic at one point [6] - American companies are already paying higher prices due to the tariffs [10] - Consumers are expected to start feeling the impact of the tariffs in the next couple of months [10] Policy Implications - Restoring the power to levy tariffs to Congress could lead to more democratic policymaking [4] - The President has used tariffs to bully other countries for concessions [7] - The President's tariff rates have been subject to frequent changes according to his whims [7]

Trade Policy - The report discusses Trump's proposed use of "reciprocal" tariffs to level the playing field in global trade [1] - The report suggests that the concept of "reciprocal" tariffs, while seemingly simple, is actually complex [1]

Trade Policy - The report indicates that Donald Trump intends to increase tariffs on countries purchasing energy from Russia [1] Geopolitical Implications - The policy aims to reshape global trade to favor America [1]

🚨 LIVE NOW: Trump is shaking up global trade, announcing a 10% global minimum tariff and a 35% hit on Canadian goods. Is the US abandoning open trade for good? And what comes next for global markets? Bloomberg reporters answer your questions in a Live Q&A https://t.co/nwq4Ofg4wU https://t.co/cevnzxaLzF ...

Trump is betting that constantly shifting tariff strategy can remake global trade, but his strategy faces risks https://t.co/WqCh8Q9E42 ...

Stocks were mostly higher in afternoon trading Thursday, with major indexes approaching new records, as investors kept close tabs on developments related to global trade. https://t.co/KUIVvEYika ...

Brazil spent months flying under the radar as Donald Trump upended global trade. Now that it’s in the spotlight, President Luiz Inacio Lula da Silva may stand to benefit from the attention https://t.co/zQvxKwk8ub ...