Articles in this Cluster
30-05-2025
A U.S. federal appeals court temporarily allowed President Trump’s tariffs to remain in effect after a lower trade court ruled most of them illegal for exceeding presidential authority under the International Emergency Economic Powers Act. The stay preserves tariffs on goods from China, Mexico, and Canada tied to fentanyl concerns and a 10% global import tax while litigation continues, with a hearing set for 5 June. Tariffs on cars, steel, and aluminum under Section 232 were unaffected. The White House plans to challenge the rulings and could pivot to other legal authorities (Sections 232, 301, or 338) if needed. Businesses and experts say the court fight injects uncertainty and may constrain Trump’s future tariff leverage, though some expect courts to defer to the executive on trade policy.
Entities: U.S. federal appeals court, President Donald Trump, International Emergency Economic Powers Act (IEEPA), White House, Section 232 • Tone: analytical • Sentiment: neutral • Intent: inform
30-05-2025
A U.S. appeals court temporarily reinstated most of Trump’s “reciprocal” tariffs, injecting uncertainty that capped U.S. market gains despite Nvidia-led strength. The S&P 500, Dow, and Nasdaq rose modestly as investors weighed the prospect of shifting trade policy and potential Supreme Court involvement. Fed Chair Jerome Powell met Trump but emphasized rate decisions hinge solely on economic data, not politics. The SEC dropped its lawsuit against Binance and founder Changpeng Zhao, signaling a softer regulatory stance on crypto. JPMorgan sees European equities potentially outperforming U.S. stocks over the next 12–18 months. Separately, Elon Musk attempted to disrupt a UAE AI infrastructure deal favoring OpenAI, complicating regional negotiations.
Entities: U.S. appeals court, Donald Trump, reciprocal tariffs, S&P 500, Jerome Powell • Tone: analytical • Sentiment: neutral • Intent: inform
30-05-2025
President Trump announced he will double steel and aluminum tariffs to 50%, effective Wednesday, while touting a new, not-yet-finalized partnership between US Steel and Japan’s Nippon Steel at a Pennsylvania plant. He said industry leaders pushed for the higher tariff and pledged to closely oversee the deal, marking a shift from his earlier opposition to Nippon Steel’s involvement. At the White House, Trump praised Elon Musk as the billionaire’s formal government role ends, saying Musk will remain an informal adviser; Musk deflected questions about a report alleging past drug use. A federal appeals court kept on hold the administration’s mass-firing plans across multiple agencies. Trump also addressed the probe into alleged impersonation of his chief of staff, Susie Wiles, and, amid plans to aggressively revoke visas for Chinese students, told Chinese students in the US they are “gonna be OK,” while criticizing Harvard over providing international student lists.
Entities: Donald Trump, US steel and aluminum tariffs, US Steel, Nippon Steel, Pennsylvania plant • Tone: analytical • Sentiment: neutral • Intent: inform
30-05-2025
A federal court ruling temporarily undercut President Trump’s central tariff policy, finding he lacked authority to impose sweeping duties under emergency powers. The administration swiftly won an administrative stay from a DC appeals court, preserving tariffs for now and buying time until a June 9 response deadline. The White House is eyeing alternative legal bases but prefers to fight in court, given other paths could be slow or require Congress. The uncertainty jeopardizes Trump’s broader economic and foreign-policy agenda, including about 18 trade negotiations, while drawing criticism from businesses, states, and some allies. Trump and aides attacked “activist judges,” as officials insisted talks with partners continue, though reactions abroad are cautious and mixed.
Entities: White House, Donald Trump, DC Circuit Court of Appeals, tariffs, emergency powers • Tone: analytical • Sentiment: neutral • Intent: inform
30-05-2025
A three-judge panel of the US Court of International Trade struck down President Trump’s sweeping tariffs as unlawful, ruling that he exceeded his authority under the International Emergency Economic Powers Act by declaring a “national economic emergency” to impose them. The court said IEEPA doesn’t grant unbounded tariff powers and that Trump’s worldwide, retaliatory tariffs— including those targeting China, Mexico, and Canada over fentanyl—lack identifiable limits. The decision undercuts a central pillar of Trump’s economic and negotiating strategy, heightens tensions between the administration and the judiciary, and injects uncertainty into global trade. While the White House vowed to appeal and criticized the ruling as judicial overreach, the judgment implies Trump would need congressional approval to reimpose broad tariffs—an uncertain prospect even with narrow majorities. Stock futures rose on the news, but immediate practical effects on tariff collection remain unclear.
Entities: US Court of International Trade, International Emergency Economic Powers Act (IEEPA), Donald Trump, White House, China • Tone: analytical • Sentiment: neutral • Intent: inform
30-05-2025
A three-judge panel of the U.S. Court of International Trade blocked President Donald Trump’s sweeping global tariffs, ruling he exceeded his authority by imposing them without congressional approval despite citing a national emergency. The decision halts flat 10% tariffs on worldwide imports, including from the UK, and throws uncertainty over the recently signed UK–US trade deal’s implementation. The White House immediately appealed, potentially sending the case to the Supreme Court. Business groups and Democratic officials praised the ruling as curbing unlawful, inflationary measures, while the administration condemned it as judicial overreach. Markets rallied on the news, and the dollar strengthened. The ruling does not address separate, industry-specific tariffs on cars, steel, and aluminum issued under a different statute.
Entities: U.S. Court of International Trade, Donald Trump, White House, UK–US trade deal, Supreme Court • Tone: analytical • Sentiment: neutral • Intent: inform
30-05-2025
A federal trade court ruled most of President Trump’s recent tariffs illegal, briefly giving U.S. businesses hope for relief, potential refunds, and restoration of the de minimis exemption on small Chinese imports. But a swift appellate stay kept the tariffs in place, leaving companies in limbo as the case likely proceeds through higher courts. Firms across retail, electronics, and manufacturing say the on‑again, off‑again policy has made pricing, sourcing, and inventory planning chaotic, prompting some to continue shifting production out of China and others to absorb risk or temporarily raise prices. Industry groups warn the administration could reimpose duties via other authorities, and uncertainty persists over whether agencies would comply with court orders. Businesses also hope a final ruling could ease foreign retaliatory tariffs and rebuild U.S. trade reliability, but for now they are maintaining status quo payments and contingency plans.
Entities: U.S. Court of International Trade, U.S. businesses, President Donald Trump, tariffs, de minimis exemption • Tone: analytical • Sentiment: neutral • Intent: inform
30-05-2025
A flurry of court rulings has thrown President Trump’s tariff strategy into uncertainty. The U.S. Court of International Trade ruled that Trump misused the International Emergency Economic Powers Act to impose sweeping tariffs, saying Congress did not grant him limitless authority. The decision would have forced tariff rollbacks within 10 days, but a federal appeals court temporarily paused that order, keeping tariffs in place while further legal review proceeds—likely heading to the Supreme Court.
The White House signaled it will persist, hinting at other legal avenues, including Section 232 (national security) and Section 122 (temporary tariffs up to 15% for 150 days with possible congressional extension). Still, those routes are slower and more limited than the emergency powers Trump prefers. The legal turbulence threatens Trump’s leverage in ongoing negotiations with multiple countries, despite administration claims of continued strength. So far, only a framework deal with Britain has been reached, leaving most tariffs intact and raising continued risks of higher costs for consumers and businesses.
Entities: U.S. Court of International Trade, International Emergency Economic Powers Act, Donald Trump, U.S. Court of Appeals, Supreme Court • Tone: analytical • Sentiment: neutral • Intent: inform
30-05-2025
The NYT’s May 30, 2025 news quiz covers key events: Health Secretary Robert F. Kennedy ending CDC vaccine recommendations for healthy children and another group; the State Department pausing student visa interviews to scrutinize applicants’ social media; the Trump administration seeking to send migrants to Rwanda; a trade court ruling limiting presidential authority to impose tariffs; Stephen Miller exiting Washington politics; a vehicle attack injuring fans celebrating Liverpool’s Premier League title; video of Emmanuel Macron being struck in the face by his wife; arrests of North Korean officials after a warship tipped over before Kim Jong-un; Nepal probing British climbers for using EPO on Everest; SpaceX’s Starship failing and falling back to Earth as debris for the third time this year; and the live-action “Lilo & Stitch” topping the box office.
Entities: Robert F. Kennedy, Centers for Disease Control and Prevention (CDC), U.S. State Department, Trump administration, Stephen Miller • Tone: analytical • Sentiment: neutral • Intent: inform
30-05-2025
Donald Trump accused China of “totally” violating a recent trade agreement, signaling renewed tensions in the ongoing tariff war. After months of escalating duties—peaking at 145% on Chinese imports and 125% on U.S. goods—the two sides announced a truce on 12 May, lowering tariffs to 30% (U.S.) and 10% (China). Trump’s claim, echoed by Treasury Secretary Scott Bessent’s comment that talks are “a bit stalled,” unsettled markets and added uncertainty amid legal turmoil over the tariffs, including a court ruling that briefly blocked parts of Trump’s measures before being paused on appeal. The White House has provided no specifics on China’s alleged violations.
Entities: Donald Trump, China, United States, tariffs, Treasury Secretary Scott Bessent • Tone: analytical • Sentiment: negative • Intent: inform
