Courts have blocked President Donald Trump’s earlier attempts to use existing laws for his trade war, but Congress is advancing a new law that would provide broad discretion to impose steep tariffs. In an 86-to-11 vote, the Senate passed the Lindsey O. Graham Sanctioning Russia Act of 2026 on Friday, with the House expected to
Most of the available pool of tariff revenue has been disbursed back to U.S. companies, but American consumers are still looking for their share of the refunds. As of the end of July, about $100 billion in tariff refunds were sent to the U.S. Department of Treasury to be disbursed to approved importers, according to
In both of his administrations, President Donald Trump has wielded tariffs as a means of discouraging trade relationships with China, as well as incentivizing American reshoring, but this strategy may be backfiring. As Trump’s import tax plan continues to fluctuate, some U.S. companies who initially moved away from China are now reinvesting in suppliers there.
Twenty five US states sued the administration of US President Donald Trump on Monday over new tariffs of 10% to 12.5% on goods from 60 trading partners. The tariffs came into effect in July, targeting countries including the UK and China as well as the European Union, over Washington’s contention that they have failed to
NEW YORK — The Trump administration has imposed double-digit tariffs on more than 60 countries, using a legal justification that allows the president to impose import taxes and other sanctions against countries that engage in “unjustifiable,” “unreasonable” or “discriminatory” trade practices. The new tariffs announced in recent days come into effect just as temporary 10%
The new tariffs are a significant development in the trade dispute and add to the trade barriers that already exist between the two countries. The United States has maintained active tariffs ranging from 15% to 50% on Canadian steel, aluminum and copper. It also charges a 35% tariff on Canadian softwood lumber, along with a