SEOUL, South Korea (AP) – South Korean trade officials scrambled Saturday to assess the impact of a U.S. Supreme Court ruling to invalidate some Trump administration tariffs, as business and governments around the world pored over the possible fallout from moves in Washington on the global economy.
NEW YORK (AP) – Businesses face a new wave of uncertainty after the Supreme Court struck down tariffs imposed by President Donald Trump under an emergency powers law and Trump vowed to work around the ruling to keep his tariffs in place. The Trump administration says its tariffs help boost American manufacturers and reduce the trade gap.
NEW YORK (AP) – The nation’s highest court struck down some of U.S. President Donald Trump’s most sweeping tariffs on Friday, in a 6-3 decision ruling that he overstepped his authority when using an emergency powers law to justify new taxes on goods from nearly every country in the world.
Excerpts from recent editorials in the United States and abroad:
Social media addiction has been compared to casinos, opioids and cigarettes. While there’s some debate among experts about the line between overuse and addiction, and whether social media can cause the latter, there is no doubt that many people feel like they can’t escape the pull of Instagram, TikTok, Snapchat and other platforms.
WASHINGTON (AP) – The Supreme Court struck down President Donald Trump’s far-reaching global tariffs on Friday, handing him a stinging loss on an issue crucial to his economic agenda. The 6-3 decision centers on tariffs imposed under an emergency powers law, including the sweeping “reciprocal” tariffs he levied on nearly every other country.
WASHINGTON (AP) – U.S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending. The nation’s gross domestic product – the total output of goods and services – increased at a 1.4% annual rate in the fourth quarter.
WASHINGTON (AP) – A key inflation gauge accelerated in December to the fastest pace in nearly a year, showing how prices are still rising more quickly than most Americans would prefer – and faster than the Federal Reserve’s target of 2% a year. Prices rose 0.4% in December from the previous month, up from 0.2% in November.
WASHINGTON (AP) – President Donald Trump still has options to keep taxing imports aggressively even after the Supreme Court struck down the tariffs he imposed last year on nearly every country on earth. The Justices didn’t buy the president’s sweeping claims of authority to impose tariffs as he sees fit. But Trump can re-use tariff powers he deployed in his first term.
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