A new poll reveals that 58% of Americans oppose President Trump’s tariffs, with a majority (53%) wanting Congress to intervene. Bipartisan support exists for a bill granting Congress a two-month review period for new tariffs, though its passage remains uncertain due to potential filibusters and a threatened presidential veto. Legal challenges are also underway, arguing that the President’s use of the International Emergency Economic Powers Act to justify tariffs is unlawful. The poll further indicates widespread public disapproval of Trump’s broader economic policies, with majorities believing they are increasing grocery prices and harming the stock market.
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The White House announced a potential 245 percent tariff on Chinese imports to the U.S., a significant escalation in the ongoing trade war. This follows President Trump’s executive order investigating national security risks related to imported critical minerals. China’s foreign ministry responded by stating that the U.S. initiated the tariff war and that China’s countermeasures are justified. The increased tariffs on Chinese goods are an exception to a temporary pause on reciprocal tariffs imposed on other countries, reflecting the Trump administration’s hardline stance on trade imbalances with China.
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The U.S. has imposed tariffs as high as 245% on certain Chinese imports, escalating the trade war. This action, targeting goods like aluminum foil and syringes, is a response to China’s export restrictions on critical materials and retaliatory tariffs. The tariffs aim to enhance national security and domestic industries but risk increased costs for consumers and businesses, potentially disrupting supply chains and fueling inflation. China has denounced the tariffs, promising further retaliation, intensifying existing global trade tensions.
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A small business owner’s TikTok plea for help, citing bankruptcy due to Trump-era tariffs on Chinese alloy wheels, was met with harsh criticism. Many commenters reveled in his misfortune, highlighting the consequences of his vote for Trump. The owner’s subsequent video expressed outrage at this schadenfreude, arguing that judging individuals solely on their vote is inhumane. However, critics countered with accusations of hypocrisy and economic naiveté, pointing to Trump’s policies and the owner’s own political choices.
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Senator Warren’s assertion that Democrats don’t need to wait for court intervention to challenge Trump-era tariffs highlights a crucial point about the balance of power in American government. The implication is that Congress possesses the authority to directly address these tariffs, and shouldn’t passively wait for judicial review. This proactive approach is vital, especially given the potential for significant economic and social harm stemming from these policies.
The argument implicitly criticizes the perceived inaction of Congress in the face of what are seen as damaging presidential actions. The suggestion is that Congress has a responsibility to actively check and balance presidential power, particularly where economic policies with far-reaching consequences are concerned.… Continue reading
Despite President Trump’s new tariffs and threats of further increases, particularly on electronics and pharmaceuticals, global stock markets rose, indicating a possible retreat from the most severe measures. China downplayed the impact on its exports, citing diversification efforts and a strong domestic market as mitigating factors. While the US administration initially offered exemptions for some electronics, these were later retracted, leaving companies uncertain about future trade policy. The trade war continues, impacting consumers through price increases as seen with Sony’s PlayStation 5, and prompting international condemnation of protectionist trade practices.
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This report on shopping trends is presented by an independent team and is separate from CTV News journalism. The team may receive commission from purchases made through affiliate links included within this content. Full transparency regarding the team’s operations can be found via a link to an “About Us” page.
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Five small businesses filed suit against President Trump in the U.S. Court of International Trade, challenging his recently imposed tariffs as an illegal usurpation of Congress’s power to levy taxes. The suit argues that Trump’s declaration of a trade deficit emergency, used to justify the tariffs under the IEEPA, is unfounded and that the act does not grant him such unilateral authority. The Liberty Justice Center, representing the plaintiffs, contends that the tariffs, impacting businesses nationwide, are economically devastating and based on a fabricated crisis. The lawsuit seeks to invalidate the tariffs, emphasizing the principle of “no taxation without representation.”
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A significant partisan divide emerged regarding the economic impact of Trump’s tariffs, with only 44% of his voters believing they would be beneficial, compared to 87% of Harris voters anticipating harm. Trump’s inconsistent tariff policies, currently impacting various countries at differing rates, have already caused job losses in sectors like automobiles. This unpredictability threatens further economic instability and could erode Trump’s support among crucial manufacturing worker demographics. The lack of a clear strategy risks continued market disruption and potentially widespread job losses.
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Holman W. Jenkins Jr. of the Wall Street Journal argues that President Trump’s poorly conceived trade war, culminating in devastating tariffs, has increased the likelihood of impeachment. Jenkins criticizes the tariffs as driven by Trump’s erratic decision-making rather than sound policy or strategic considerations. The resulting market crash, though temporarily paused, highlighted the inherent instability of Trump’s approach and the potential for further economic turmoil. Jenkins suggests that impeachment may even be beneficial for restoring America’s international standing.
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