trade policy

A U.S. appeals court has temporarily stayed a decision by the U.S. Court of International Trade (CIT) that declared former President Donald Trump’s sweeping “Liberation Day” tariffs unconstitutional. On May 29, 2025, the three-judge panel of the Federal Circuit granted the federal government’s request for an immediate pause, allowing the contested duties to remain in effect while the case moves through the appellate process .

A federal court this week dealt a setback to President Donald Trump’s aggressive tariff strategy, ruling that his use of the International Emergency Economic Powers Act (IEEPA) to impose broad “reciprocal” tariffs exceeds the authority Congress granted him. The lawsuit was brought by the Liberty Justice Center (LJC), a libertarian public-interest law firm whose past funders include two of Trump’s wealthiest backers, Robert Mercer and Richard Uihlein.

As tensions mount over the looming threat of higher tariffs, Indian Prime Minister Narendra Modi and United States Vice-President JD Vance met in New Delhi this week to reaffirm both nations' commitment to an increasingly strategic and multifaceted partnership. Their discussions signaled progress in bilateral trade negotiations, even as the clock ticks on a 90-day tariff reprieve announced by U.S. President Donald Trump, set to expire on July 9.

In a stunning reversal that has sent shockwaves through global financial markets, US President Donald Trump announced a pause to the sweeping global tariffs he imposed just a week ago — except for China, where tariffs have been raised even higher. This latest development comes amid conflicting messages from the White House and senior officials, leaving world leaders and investors scrambling to make sense of what happens next.

The Australian share market has endured its most punishing day since the pandemic, with the benchmark S&P/ASX 200 shedding more than 4% on Monday, 7 April 2025. The dramatic plunge erased over $100 billion in value from Australian equities, dragging the index down to 7,343 points—its lowest level since December 2023.

Britain’s Chief Secretar...

In the annals of baffling financial decisions, Donald Trump’s latest policy move may one day rival the most infamous. Historians may yet look past his double presidential victories and instead focus on a unique achievement: managing to bankrupt multiple casinos in the 1990s. A feat so improbable, it feels like the setup to a joke.

A Republican congressman with deep roots in America’s cattle industry is stirring up trade tensions ahead of President Trump’s next round of import tariffs. Marlin Stutzman, a fourth-generation farmer from Indiana, has introduced a bill proposing a 70% tariff on Australian Wagyu beef imports—a move aimed at pressuring Australia over its longstanding ban on American beef and perceived unfair trade practices.