European stocks fell as President Donald Trump’s new 10% global tariffs came into effect, adding to investor uncertainty amid mixed earnings reports. The Stoxx Europe 600 Index was down 0.3% at 8:18 am in London. The automakers and chemicals sectors were leading gains, while insurance and banks shares lagged. In individual stocks, Novo Nordisk A/S…
(Bloomberg) — Emerging-market assets got a boost after the US Supreme Court struck down President Donald Trump’s sweeping global tariffs, with currencies erasing weekly losses and an exchange-traded fund hitting a record high. An MSCI Inc. A gauge of developing-nation currencies rose less than 0.1% on Friday, holding gains after Trump touted alternatives to his…
Indian-American attorney Neal Katyal, who argued against Donald Trump’s global tariffs before the US Supreme Court and won, has called out the President following his imposition of 15% global tariffs under Section 122 of the Trade Act of 1974. In a social media post, Katyal questioned Trump’s use of the section under the 1974 law,…
US President Donald Trump said on Saturday he will increase the global 10 percent tariff he announced one day ago to 15 percent. Trump imposed global tariffs on countries in reaction to the US Supreme Court’s ruling that his mechanism for applying tariffs was illegal. “I, as President of the United States of America, will…
The US Supreme Court on 20 February invalidated President Donald Trump’s sweeping tariffs imposed under a national emergency law, delivering a major blow to his trade policy, ahead of the US mid-term polls scheduled later this year. The apex court held 6-3 that the Trump administration exceeded its legal authority to impose tariffs beginning in…
In a major blow to President Donald Trump’s trade policy, the Supreme Court of the United States of America (SCOTUS) on 20 February struck down his global tariffs imposed under the International Emergency Economic Powers Act (IEEPA) of 1977. The apex court held 6-3 that Trump exceeded his legal authority by using IEEPA, which is…
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…
