Trump trade policy Archives

29 May

US Court Blocks Trump’s Broad Tariffs, Dismisses India-Pakistan Truce Justification

Rajeev Sharma0 CommentsWorld NewsIEEPA ruling, India-Pakistan truce, Trump trade policy, US tariffs blocked

New York [US], May 29, 2025 (ANI): A US federal court on Wednesday ruled against President Donald Trump’s sweeping tariff measures, deeming them unlawful and beyond presidential authority. The US Court of International Trade in Manhattan also rejected the Trump administration’s justification that the tariffs were part of a broader effort to mediate the recent escalation between India and Pakistan.As reported by CNN, the court concluded that Trump’s tariffs, introduced under the International Emergency Economic Powers Act (IEEPA), were not legally justified. This included 30% duties on Chinese imports, 25% tariffs on select goods from Mexico and Canada, and a…

China Hits Back with 125% Tariffs Amid Escalating Trade War, Keeps Door Open for Talks

Rajeev Sharma0 CommentsWorld NewsChina tariffs, Trump trade policy, US-China trade war, WTO

Beijing, April 11, 2025 — China has sharply escalated its tariff retaliation against the United States, slapping a 125% additional levy on US imports starting Saturday. The move comes in direct response to America’s 145% total tariffs on Chinese goods, marking another heated chapter in the ongoing trade war.China’s Customs Tariff Commission, announcing the hike on Friday, said the US tariffs had crossed the line of economic rationale. “It would no longer make economic sense and will go down as a joke in world economic history,” the commission said, warning that if the US further raises tariffs, China will simply…

Australia Seeks Exemption from Trump’s Steel and Aluminium Tariffs

nishuthapar10 CommentsWorld NewsAnthony Albanese, Australia-U.S. trade, Don Farrell, steel and aluminium tariffs, Trump trade policy

Canberra, February 10, 2025: The Australian government is pushing for an exemption from the 25% tariffs on steel and aluminium imports imposed by U.S. President Donald Trump, arguing that Australian exports play a crucial role in supporting American jobs and defence ties.Trade Minister Don Farrell emphasized that Australian steel and aluminium contribute to "thousands of good-paying American jobs" and are integral to the U.S.-Australia defence relationship. Australian officials have been engaged in diplomatic efforts for months, seeking a waiver similar to the one granted during Trump’s first term in 2018.Trump’s latest trade move, announced on Sunday, imposed a blanket 25%…