🚨 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 ...

Tonight, we're just hours away from the latest deadline in the rolling debacle that is Donald Trump's self-inflicted trade war. At midnight tonight, Trump's latest round of disastrous global tariffs are set to kick in. And since we've been here before, we know that means Trump is either about to chicken out again or crash the stock market or a combination of the two.And in the leadup to this latest deadline, Trump has insisted that he is not changing his mind this time. But tonight, on the eve of this deadl ...

Breaking: The U.S. will raise tariffs on nearly every trading partner, effective Aug. 7 https://t.co/TH41caSZ31 ...

BREAKING: Trump raises Canada tariffs to 35% as he announces new rates for dozens of countries.Follow the latest news and analysis. ⤵️ https://t.co/FCJGmhcGnm ...

JUST IN: 🇺🇸🇨🇦 President Trump raises tariffs on Canada to 35% from 25%. https://t.co/1A8HYowuIV ...

Trade War & Tariffs - The Trump administration's tariff authority is facing legal challenges, with arguments presented before a federal appeals court questioning the necessity of congressional approval for imposing tariffs [1] - The lawsuit argues that tariffs imposed by President Trump represent the largest tax increase on Americans since 1993, costing the average American household $1,300 per year [1] - The administration defends the tariffs by citing the large trade deficit as an emergency, but the executive order mentions persistent trade deficits over the past 50 years, potentially undermining the emergency claim [1] - A lawyer argues that historically, no president has unilaterally imposed tariffs in the manner that President Trump has [3] - Congress has granted the president limited power to increase tariffs by 15% for 150 days in response to large trade deficits, but Trump bypassed this statute [4] Impact on Businesses - Small businesses are claiming that the tariffs are crippling them, with one company, Micro Kits, canceling orders and facing potential payroll issues [5] - Reshoring manufacturing to the US to avoid tariffs is projected to cost trillions of dollars and potentially take decades [7]

If you’re feeling a bit confused about which countries and what goods will be hit by President Donald Trump’s tariffs, consider the importers that will be on the hook for the bill https://t.co/dl664K3Bmf ...

Trade Policy & Legal Challenges - A federal appeals court is hearing arguments about whether President Trump overstepped his authority to impose tariffs, potentially rendering trade deals illegal [1] - Piper Sandler suggests the administration is struggling to justify the tariffs, arguing the President is claiming national emergency powers without statutory authority [2][3] - The legality of tariffs is questioned, citing Article 1, Section 8 of the Constitution, which grants Congress the authority to impose tariffs [4][5] - The case is likely headed to the Supreme Court, with potential rulings in the coming months and a decision possibly by June [6][7] - There is a possibility that the Supreme Court may strike down the tariffs, with originalist and liberal judges potentially aligning against broad presidential authority [7][8][9] Market Impact & Investor Sentiment - The market's reaction to a potential overturning of trade deals is uncertain, with investors seemingly unconcerned about the tariffs [10][11] - The market consensus appears to be that the worst of the tariffs is over, but this view is challenged as deals are raising, not lowering, tariffs [11][12][13]

Tariffs Impact - The U S is collecting skyrocketing tariffs on imports [1] - Companies indicate that consumers will bear some of the burden of these tariffs [1] Business & Consumer Effects - The report will detail how tariffs are affecting businesses and consumers, focusing on the largest categories subject to new levies [1]

First of all, there are a lot of forces forces at work in the economy and you know tariffs are one of them. You know the remilitarization of the world, the e the de fiscal deficits, you know the the uh demographics uh all those things are going to drive various things and yeah they may drive slightly higher inflation. What you really want is more growth.You know that is far more important than whether inflation ticks up or down a little bit. So and then tariffs themselves you know they've been greatly moder ...