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Donald Trump, Tariff and Court of International Trade
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Steel, Trump and Tariff
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China responded to President Trump on Monday, accusing the US of violating their trade agreement and has vowed to protect its interests, making it less likely that Trump will get the leadership call he wants to restart trade talks.
President Trump would invoke other tariff authorities if his appeal of a trade court's ruling isn't successful, Commerce Secretary Lutnick said.
Factory activity slowed across much of Asia in May as uncertainty over U.S. tariffs continued to cause steep declines in new orders, purchasing managers surveys show.
The so-called TACO trade will be tested as markets wait to see if Trump will actually follow through with his 50% steel duty or if he will put it on hold soon.
Salzgitter, Germany's second-biggest steelmaker, on Monday warned that Washington's tariff policy was dealing a severe blow to European industry, after the U.S. administration unveiled plans to double steel import levies to 50%.
Homebuilder stocks rallied on Thursday, in a sign that residential construction will benefit from the ruling striking down Trump's tariffs.
Switzerland’s growth spurt into 2025 was even more pronounced than initially estimated, with the economy expanding at the fastest pace in two years.
Amid court challenges, the White House asserts confidence in President Donald Trump's tariff strategy, emphasizing the administration's focus on maintaining fair trade practices.
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