Trump Reaffirms Tariff Stance as Administration Deals with Court Setbacks

Trump defends tariffs as court rulings challenge his authority to impose them. U.S. seeks improved trade offers from 60 nations ahead of July tariff deadline. China labeled unreliable as trade talks intensify under looming tariff reinstatement. President Donald Trump has reaffirmed his administration’s commitment to tariffs, stating on social media that the U.S. economy is “booming because of tariffs.” These comments come at a challenging time, as his administration faces multiple court challenges and prepares for a tough phase in global trade talks. Courts Question Tariff Authority; Temporary Reprieve in Place The Trump administration is actively fighting in court to hold onto its tariff powers. On May 28, the U.S. Court of International Trade handed down a ruling that Trump’s “Liberation Day” tariffs were unlawful. A day later, a federal court in Washington, D.C. issued a second ruling, stating that the tariffs exceeded the president’s powers under the International Emergency Economic Powers Act. The administration requested a temporary pause on the Manhattan court’s decision and secured it, allowing a short-term reinstatement of the t… The post Trump Reaffirms Tariff Stance as Administration Deals with Court Setbacks appeared first on Coin Edition .

Source: Coin Edition