US Court Strikes Down Trump’s 10% Global Tariff as Illegal
The US Court of International Trade has ruled President Trump’s 10% global tariffs illegal, citing a lack of balance-of-payment deficits as required by the Trade Act of 1974.
Global Tariffs
Record US Trade Deficit Persists Despite 80-Year High Tariffs
Despite tariffs reaching 80-year highs, the US trade deficit hit a record $1.24 trillion in 2025, raising questions about protectionism’s effectiveness.
U.S. Supreme Court Blocks Trump’s Emergency Tariffs; New 10% Global Levy Announced
The U.S. Supreme Court struck down Trump’s emergency tariffs, prompting a new 10% global levy. Markets brace for renewed volatility as legal battles loom.
Trump Threatens Tariffs on 8 European Nations Over Greenland Deal
U.S. President Donald Trump announces tariffs on eight European nations starting February 1, 2026, escalating tensions over Greenland’s potential sale.
EU Luxury Brands Unfazed by U.S. Tariffs, Cite Premium Appeal
European luxury brands like Lobmeyr remain confident despite U.S. tariffs, relying on affluent consumers to absorb price hikes.