US - Tariffs

[behappyalways]

Federal trade court strikes down Trump’s reciprocal tariffs
https://www.cnbc.com/2025/05/29/court-s ... riffs.html

[winston]

Trump Considers Tariff Plan B, May Use 'Section 122' to Impose 15% Tariffs Within 150 Days: Rumor

After the US courts of appeals temporarily restored reciprocal tariffs, US President Donald Trump's team is preparing a plan B to assess whether there is a need to use new legal authority to implement tariff policies, the Wall Street Journal quoted sources as saying.

Currently, two measures are being considered.

The first step considered by Trump's team is to impose tariffs globally based on a never-used 'Section 122' of the Trade Act of 1974, according to the report. This section allows for tariffs of up to 15% to be imposed within 150 days to address trade imbalances with other countries.

The second step involves imposing additional tariffs under 'Section 301,' although this involves a lengthy notification and discussion process, but it is considered to have a stronger legal basis.

It is reported that internal negotiations on plan B within the White House have not progressed, and no final decision has been made.

The spokesperson of the White House, Karoline Leavitt, said that the government is appealing the court's decision, and considering other tariff options but declined to disclose specific details.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

Trump says he plans to double steel, aluminium tariffs to 50%

By Jeff Mason

Shares of steelmaker Cleveland-Cliffs Inc surged 26% after the market close as investors bet the new levies will help its profits.

The US is the world's largest steel importer, excluding the European Union. As a result, the new tariffs will likely increase steel prices across the board, hitting industry and consumers alike.

Source: Reuters

https://theedgemalaysia.com/node/757479

[behappyalways]

Trump's Tariffs Deliver Record $23 Billion Revenue In May
https://www.zerohedge.com/political/tru ... evenue-may

[behappyalways]

US Collected A Record $22BN In Tariffs In May... Which Was Just 3% Of Total Government Spending
https://www.zerohedge.com/markets/us-co ... t-spending

[behappyalways]

British Exports To US Suffer Record Slump As Tariffs Take Effect
https://www.zerohedge.com/geopolitical/ ... ake-effect

[behappyalways]

Loonie Tumbles As Trump Suddenly 'Terminates' All Trade Talks With Canada
https://www.zerohedge.com/geopolitical/ ... lks-canada

[behappyalways]

Canada Scraps Digital Service Tax On U.S. Tech Giants To Revive Trade Talks
https://www.zerohedge.com/political/can ... rade-talks

[behappyalways]

Trump Sends Tariff Letters Threatening Up To 70% Levies, Sparking Fears Of Delayed Trade Deals
https://www.zerohedge.com/markets/trump ... rade-deals

[winston]

Trump Threatens 10% Extra Tariff on Countries Siding with BRICS' Anti-US Policy

US President Donald Trump threatened on the social platform Truth Social, that any country siding with the BRICS' anti-US policy, will face an additional 10% tariff with no exceptions, though he didn't clarify or further elaborate on the so-called anti-US policy in his post.

The BRICS members include Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the UAE.

Related News: Trump Says Talks with CN on TikTok Purchase in 1-2 Days, and Possible Visit to CN

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN