WASHINGTON — The Supreme Court on Friday struck down a significant portion of President Donald Trump’s tariff program, ruling that the federal law he relied on does not authorize the president to impose broad import duties without congressional approval.
BUENOS AIRES, Argentina—U.S. President Donald Trump and Chinese President Xi Jinping agreed last Saturday to keep their trade war from escalating with a promise to halt the imposition of new tariffs for 90 days as the world’s two largest economies negotiate a lasting agreement. The truce emerged on the sidelines of the Group of 20 summit here.
STOCKHOLM—Chinese auto investors are increasingly pouring money into Europe rather than the United States because of intense U.S. scrutiny of their deals under the Trump administration, according to Reuters news service.
WASHINGTON--The Trump administration is advocating for a more balanced trade relationship with Japan as high-level economic talks with the Asian nation advance this week in Washington, according to Vice President Mike Pence.
The regulatory rollback has begun. On the campaign trail, President Donald Trump vowed to overturn “job-killing regulations” enacted by the Obama administration. To his credit, he is now following through.
WASHINGTON—President Donald Trump signed an executive order April 29 establishing a new White House Office of Trade and Manufacturing Policy (OTMP). The mission of the OTMP is to defend and serve American workers and domestic manufacturers while advising the president on policies to increase economic growth, decrease the trade deficit, and strengthen the U.S. manufacturing and defense industrial bases.
WASHINGTON—President Donald Trump ordered on Friday a comprehensive study to identify every form of “trade abuse” that contributes to U.S. deficits with foreign countries. “The theft of American prosperity will end,” Trump said at an Oval Office ceremony announcing the study, along with another directive to step up enforcement of existing trade penalties.
Lumps of coal go to Donald Trump and Hillary Clinton for giving us a choice between Scylla and Charybdis. An extra lump goes to The Donald for running a campaign that set new lows in civil political discourse.
