Two US small businesses sued the Trump administration over new tariffs on 60 trading partners, claiming the policy lacks required 'forced labour' findings and exceeds presidential authority.
US president expresses impatience at speed of EU’s implementation and warns of ‘much higher’ tariffsUS trade court rules against Trump’s 10% global tariffsBusiness live – latest updatesDonald Trump has walked back from his threat to tear up part of the US trade deal with the EU by hiking tariffs on car imports.The US president has given the EU until 4 July to implement its side of the deal, reducing tariffs to zero on most American imports, warning that the bloc would face “much higher” tariffs if it did not do so. Continue reading...
Trump also issues new deadline for EU to implement trade deal terms before raising tariffs to ‘much higher levels’The US trade court on Thursday ruled against Donald Trump’s latest 10% global tariffs, finding across-the-board tariffs were not justified under a 1970s trade law.The US court of international trade ruled in favor of small businesses that challenged the tariffs, which took effect on 24 February. The ruling was 2-1, with one judge saying it was premature to grant victory to the small business plaintiffs. Continue reading...
