What US Supreme Court said on Trump’s global tariffs: ‘President not authorized to impose tariffs’

The Supreme Court on Friday, 20 February, struck down President Donald Trump’s sweeping global tariffs, delivering a significant setback on a matter vital to his economic agenda, AP reported. The conservative-majority high court ruled six-three in the judgment, noting that the International Emergency Economic Powers Act “does not authorize the President to impose tariffs.” The…

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Trump-Powell tussle explained: Why does the US president want Fed chief out and when does his term end?

President Donald Trump’s long-standing tussle with Federal Reserve Chair Jerome Powell has once again burst into the spotlight, after the central bank’s leaders gave a clear signal that they would not change policies just because of political pressure. The Federal Reserve held interest rates steady at 3.5%-3.75% target range on Wednesday, even though President Donald…

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