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 ...

The underlying legal justification for Donald Trump’s global trade war was the subject of significant doubt before the US Court of Appeals for the Federal Circuit in Washington: Here’s your Evening Briefing https://t.co/vKorUcw0Iz ...

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]

Time now for money, power, politics. And tonight, we start with this headline from the New York Times. Quote, "Trump is winning his trade war. What will it mean for the actual economy?" We've seen him use his leverage to announce new trade deals around the world that include big tariff rates, levels that would have seemed unimaginable 6 months ago.Let's be clear, Trump is remaking the world economy around tariffs, something he has been talking about for more than a decade. He's defying expectations. And rig ...

Global Economy - The IMF indicates a brighter outlook for the global economy this summer, despite ongoing trade war risks [1]

Royal Philips’s slightly increased its adjusted operating profitability outlook, as the impact of the trade war was not as severe as it feared https://t.co/hv7FRjP54H ...

#Bitcoin attacking $120,000 is an interesting case as there’s another extension in the trade war.It’s still weekend though, but markets seem tempted to go back up again. ...

How a trade war with China could become a hot war -- and how the US can avoid it https://t.co/TnBq1eLAib ...

Nvidia CEO Jensen Huang, like many other American CEOs, has found himself at the nexus of USChina relations with the ongoing trade war. Despite a fraught bilateral relationship, Huang landed a major win this week after the US government reversed an earlier decision restricting Nvidia from shipping AI chips to China. So, what tipped the balance in Hong's favor.You just can't you can't uh underestimate the importance of the China market. Huang spent months telling everyone what a grave mistake the US was maki ...

On this episode of Trumponomics, we discuss whether Jerome Powell has overestimated the risk of inflation stemming from the US trade war https://t.co/RPxOJS0sGp ...