President Donald Trump's temporary 15% tariffs to replace those struck down by the U.S. Supreme Court are meant to resolve a problem that many economists say does not exist: a U.S. balance of payments ...
Hours after the Supreme Court rejected President Donald Trump's "emergency" tariffs on February 20, he revealed a backup plan. Instead of relying on the International Emergency Economic Powers Act ...
Shortly after the Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) does not empower the president to impose tariffs, the Trump administration invoked one of several ...
At two points in the three-hour hearing, Judge Timothy Stanceu reminded government counsel that he was an attorney, not an economist familiar with the term, “balance-of-payments deficit,” an economic ...
After the Supreme Court struck down President Donald Trump’s global tariff regime, for which he cited the 1977 International Emergency Economic Powers Act, the administration imposed a new set of ...