标签: North America

北美洲

  • Supreme Court says little about redress for Trump tariff damages

    Supreme Court says little about redress for Trump tariff damages

    In a landmark 6-3 ruling on Friday, the US Supreme Court declared that former President Donald Trump overstepped his executive authority by invoking emergency powers to impose sweeping global tariffs. Chief Justice John Roberts, writing for the majority, asserted that the 1977 International Emergency Economic Powers Act (IEEPA) contains no provision granting unilateral tariff-imposing power to the president.

    The decision in Learning Resources, Inc. v. Trump represents a severe judicial blow to Trump’s signature trade policy, which triggered international trade conflicts and imposed substantial financial burdens on American consumers and businesses. The ruling specifically invalidates two major tariff categories: country-specific ‘reciprocal’ tariffs (ranging from 34% on China to 10% baseline rates) and a 25% levy on certain goods from Canada, China, and Mexico related to fentanyl policy disputes.

    According to congressional Democratic analysis released following the verdict, the average American family has absorbed over $1,700 in additional costs since the implementation of these tariffs during Trump’s second term. The policy also failed to achieve its stated economic objectives, with manufacturing jobs declining by approximately 108,000 in the first year of implementation and no measurable improvement in the US trade deficit.

    While businesses may pursue tariff refunds through lengthy administrative processes, consumers face minimal prospects for recovering their increased expenses. Policy experts warn that economic repercussions will persist for years, with Groundwork Collaborative’s Alex Jacquez noting that ‘any consumer looking for relief from tariff-driven price hikes did not find it at the Supreme Court today.’

    The ruling has prompted immediate evaluation of alternative legal mechanisms within the Trump administration, including Section 122 of the Trade Act of 1974, which provides broader tariff authority with fewer procedural constraints. Congressional Democrats have expressed concern that the decision may merely redirect rather than eliminate Trump’s tariff ambitions, with Representative Brendan Boyle warning of continued ‘unhinged economic sabotage’ through alternative statutory pathways.

  • Trump pushes back against Supreme Court ruling, says will impose 10% more global tariffs

    Trump pushes back against Supreme Court ruling, says will impose 10% more global tariffs

    In a defiant response to a recent Supreme Court decision, former US President Donald Trump has announced his intention to impose a new 10% global tariff, leveraging alternative legal mechanisms to circumvent judicial limitations on his trade agenda.

    Speaking at a press conference on Friday, Trump characterized the Court’s 6-3 ruling against his previous sweeping tariffs as “deeply disappointing,” expressing particular dismay with the justices who formed the majority. The Court’s decision specifically invalidated the use of the International Emergency Economic Powers Act (IEEPA) as the legal basis for those tariffs.

    Undeterred, Trump revealed his administration’s alternative strategy: implementing the new across-the-board levy under Section 122 of the Trade Act of 1974. This statute empowers the president to impose duties of up to 15% for 150 days to address “large and serious” balance of payments deficits. “We have alternatives that could bring us more money,” Trump stated, emphasizing that “the Supreme Court did not overrule tariffs, they only overruled a particular use of IEEPA tariffs.”

    Addressing potential financial repercussions from the overturned tariffs, Trump suggested refund litigation could extend over five years. Concurrently, his administration is initiating multiple Section 301 investigations targeting alleged unfair trade practices by foreign nations and corporations, signaling an intensified approach to trade enforcement despite judicial constraints.

  • Anna Murdoch-Mann, mother of News Corp heir, dies aged 81

    Anna Murdoch-Mann, mother of News Corp heir, dies aged 81

    Anna Murdoch-Mann, the esteemed journalist and former spouse of media magnate Rupert Murdoch, has passed away at age 81. Her death on February 17th at her Palm Beach residence marked the conclusion of an extraordinary life journey that spanned continents and encompassed remarkable professional achievements.

    Born Anna Torv in Glasgow and raised within the Catholic faith, she relocated to Australia at nine years old. Following her parents’ separation, she remarkably assumed responsibility for raising her younger siblings—an early demonstration of the resilience that would characterize her life.

    Her journalistic career at Sydney’s Daily Telegraph and Daily Mirror newspapers brought her into contact with Rupert Murdoch, commencing a 31-year marriage described by Murdoch’s New York Post as an ‘active partnership’ in building the News Corp empire. The Australian newspaper noted that Murdoch ‘never made a major business decision without her input.’

    During their marriage, Murdoch-Mann balanced corporate responsibilities with literary pursuits, authoring several novels including the 1988 publication ‘Family Business,’ which explored multi-generational media dynasties—a subject she knew intimately.

    The couple’s life together included dramatic chapters, notably the 1969 abduction and murder of Muriel McKay in Hertfordshire, England—a case of mistaken identity where kidnappers targeted McKay believing she was Murdoch-Mann.

    Their 1999 divorce resulted in one of history’s most substantial settlements at $1.7 billion. Seventeen days later, Rupert Murdoch married his third wife, Wendi Deng.

    In a post-divorce interview with Australian Women’s Weekly, Murdoch-Mann presciently observed that succession planning for Murdoch’s media empire would create ‘heartbreak and hardship,’ adding that her children faced ‘pressure that they needn’t have had at their age.’ These dynamics later inspired the television series ‘Succession’ and culminated in her son Lachlan assuming control of the news conglomerate.

    Beyond her corporate and literary accomplishments, Murdoch-Mann distinguished herself as a dedicated philanthropist, serving on the boards of children’s hospitals in Los Angeles and Haiti. In 1998, Pope John Paul II recognized her humanitarian work by appointing her a Dame of the Order of St Gregory.

    She is survived by her third husband, Ashton dePeyster, along with ten grandchildren and one great-grandchild. Her legacy endures through her children Elisabeth, James, and Lachlan Murdoch, and stepdaughter Prudence.

  • Canada looks to trade talks after US Supreme Court tosses Trump’s tariffs

    Canada looks to trade talks after US Supreme Court tosses Trump’s tariffs

    Canada’s restrained celebration following the US Supreme Court’s invalidation of Donald Trump’s global tariffs underscores the complex trade challenges that persist between the two nations. While the court’s ruling nullified the controversial “fentanyl” tariffs imposed on Canada, China, and Mexico, Canadian Trade Minister Dominic LeBlanc acknowledged that significant hurdles remain in bilateral trade relations.

    The Supreme Court’s decision, striking down tariffs implemented under the International Emergency Economic Powers Act (IEEPA), provided limited practical relief for Canadian exporters. Approximately 85% of trade previously subject to these tariffs already enjoyed exemption status under the USMCA framework. The White House has confirmed that these exemptions will continue under Trump’s new 10% global tariff structure set to take effect imminently.

    Attention now shifts to the forthcoming USMCA review, a critical juncture for North American trade encompassing a market of over 500 million people. All three signatory nations must decide by July 1st whether to extend the agreement originally negotiated during Trump’s first presidential term. The Trump administration has demonstrated lukewarm enthusiasm for trilateral renewal, with officials suggesting preference for separate bilateral agreements with Canada and Mexico.

    Trade tensions continue to simmer as US Trade Representative Jamieson Greer characterized negotiations with Canada as “more challenging” than with Mexico, citing persistent trade barriers including restrictions on American wine and spirits sales. Additional friction points include Canadian dairy import regulations and the Online Streaming Act, which mandates American media companies to financially support Canadian content.

    Amid this uncertainty, Canadian business leaders emphasize the necessity of predictable, rules-based trade. Dennis Darby of Canadian Manufacturers & Exporters stressed the importance of a successful USMCA renewal that would eliminate recurring trade disruptions. Concurrently, Canada continues its strategic diversification efforts, seeking to expand non-US export markets with an ambitious goal of doubling such exports by 2035.

  • US Supreme court rules against Trump tariffs; what does it mean for businesses?

    US Supreme court rules against Trump tariffs; what does it mean for businesses?

    In a landmark decision with profound implications for global commerce, the U.S. Supreme Court has invalidated the Trump administration’s use of emergency powers to impose sweeping import tariffs. The ruling determined that the 1977 International Emergency Economic Powers Act did not provide legal authority for the broad tariff regime implemented by the former president.

    This judicial reversal triggers a complex refund mechanism that could return more than $175 billion to thousands of American businesses that paid tariffs under the contested program. According to economists from the Penn-Wharton Budget Model, companies across consumer goods, automotive, manufacturing, and apparel sectors—particularly those reliant on global supply chains—now face strategic decisions regarding pursuit of reimbursement claims.

    The immediate market response saw stock markets in both the United States and Europe rally, with luxury brands and import-dependent companies experiencing significant gains. Shares of LVMH, Hermès, and Moncler all climbed following the announcement.

    Legal experts caution that the refund process will be administratively complex and time-consuming. More than 1,800 tariff-related lawsuits have already been filed with the U.S. Court of International Trade since April—a dramatic increase from fewer than two dozen cases throughout 2024. Prominent plaintiffs include subsidiaries of Toyota, Costco, Goodyear Tire & Rubber, Alcoa, Kawasaki Motors, and EssilorLuxottica.

    Despite this victory for free trade advocates, uncertainty persists within the business community. Trump administration officials have indicated they will pursue alternative legal authorities to implement tariffs, including statutes addressing unfair trade practices and national security concerns. Fitch Ratings’ head of U.S. economics, Olu Sonola, noted that “the odds that tariffs reappear in a revised form remain meaningful,” creating ongoing operational and legal challenges.

    The ruling highlights how approximately 90% of tariff costs were ultimately borne by American consumers and companies, according to Federal Reserve Bank of New York research, contradicting administration claims that foreign entities absorbed the financial impact.

    Many businesses, anticipating a protracted refund process, have already begun selling their rights to future refunds to external investors at discounted rates. Meanwhile, companies like German logistics firm DHL are developing technological solutions to streamline potential reimbursement procedures for their clients.

  • Arteta wants Arsenal to ‘live in the present’ before crucial trip to Tottenham

    Arteta wants Arsenal to ‘live in the present’ before crucial trip to Tottenham

    Arsenal manager Mikel Arteta has issued a rallying cry for his squad to maintain absolute focus on the present moment as they prepare for a critical North London Derby against Tottenham Hotspur. This high-stakes encounter comes at a precarious time for the Premier League leaders, whose championship ambitions have been dented by consecutive draws against Brentford and Wolverhampton Wanderers.

    The Gunners’ recent stumble has significantly tightened the title race, with second-placed Manchester City now trailing by just five points while holding an additional game in hand. Arsenal’s away form presents additional concerns, with just one victory secured in their last four league matches on the road.

    Addressing journalists during Friday’s press conference, Arteta emphasized the necessity of confronting current challenges rather than dwelling on past accomplishments. “We operate under a very clear directive—we must live in the present,” stated the Spanish tactician. “While our previous achievements are commendable, our attention must remain fixed on the immediate task. We’ve positioned ourselves exactly where we desired across all competitions, but substantial work remains ahead.”

    The midweek fixture against bottom-side Wolves proved particularly disappointing as Arsenal conceded a late equalizer. Arteta characterized the result as a “system shock” but confirmed his players’ determination to respond positively. Supporters have remained steadfast in their backing, and the squad is eager to channel their frustration into Sunday’s derby clash.

    Potential reinforcements could arrive with the anticipated returns of forward Kai Havertz and playmaker Martin Ødegaard. Meanwhile, Tottenham approach the match under new leadership following the recent appointment of manager Igor Tudor, who brings fresh tactical approaches despite the team’s winless league streak since December.

    Arteta confirmed comprehensive preparation for Tudor’s potential systems: “We’ve analyzed his complete managerial history across various clubs and formations, assessing how Tottenham’s available players might fit into his philosophy. Our adaptability will be crucial, but ultimately our concentration remains fixed on executing our game plan to secure victory.”

  • Trump lashes out at Supreme Court justices over tariffs ruling

    Trump lashes out at Supreme Court justices over tariffs ruling

    In an extraordinary display of presidential ire, Donald Trump launched a deeply personal broadside against six Supreme Court justices who delivered a landmark ruling against his administration’s global tariff policies. The decision, handed down on Friday, represents one of the most significant judicial setbacks of Trump’s second term.

    Addressing reporters at a White House press conference just hours after the ruling, Trump expressed profound disappointment with the court’s majority opinion. ‘I’m ashamed of certain members of the court. Absolutely ashamed for not having the courage to do what’s right for our country,’ the president declared, initiating a sweeping critique of the judicial branch that lasted nearly 45 minutes.

    The court’s ruling established that presidents lack inherent constitutional authority to impose comprehensive tariffs on foreign nations without congressional approval. Trump’s response transcended typical political disagreements, evolving into a remarkable personal indictment of the justices themselves.

    Notably, the president’s criticism crossed ideological and appointment lines equally. The six justices in the majority comprised an unusual coalition: three Democratic-appointed liberals (Elena Kagan, Sonia Sotomayor, and Ketanji Brown Jackson) and three Republican-appointed conservatives, including two of Trump’s own nominees (Neil Gorsuch and Amy Coney Barrett), with Chief Justice John Roberts writing the majority opinion.

    Trump employed particularly harsh rhetoric, labeling the justices ‘fools and lapdogs for the Rhinos and the radical left Democrats’—using the derogatory term ‘RINOs’ (Republicans In Name Only) typically deployed by the far right against moderate Republicans. In an especially unusual move, the president suggested the decision reflected embarrassment to the justices’ families and made unsubstantiated claims about ‘foreign interests’ influencing the court’s deliberation, though he provided no evidence when pressed by reporters.

    Conversely, Trump lavished praise on the three dissenting justices—Clarence Thomas, Samuel Alito, and Brett Kavanaugh (another Trump appointee)—thanking them for ‘their strength and wisdom and love of our country.’ Justice Kavanaugh’s dissent warned of practical complications, predicting the government would face a ‘mess’ in refunding billions in tariff revenue.

    Legal and trade experts characterized the ruling as a victory for constitutional separation of powers and the rule of law. Colin Grabow of the Cato Institute noted the court simply determined Trump had ‘went too far’ in asserting executive authority, while Alan Wm Wolff, former WTO deputy director-general, observed the court was fully aware of the decision’s significance to the administration.

    The president vowed to pursue alternative methods to implement his protectionist trade agenda despite the judicial setback, signaling continued confrontation between the executive and judicial branches.

  • Trump brings in new 10% tariff as Supreme Court rejects his global import taxes

    Trump brings in new 10% tariff as Supreme Court rejects his global import taxes

    In a dramatic escalation of tensions between the executive and judicial branches, President Donald Trump has announced a new 10% universal tariff immediately following a landmark Supreme Court ruling that struck down his previous global trade measures. The 6-3 decision, which found the president had exceeded his authority, represents one of the most significant judicial checks on presidential power in recent history.

    The court’s majority opinion, authored by Chief Justice John Roberts, determined that the International Emergency Economic Powers Act of 1977—cited by the administration as legal justification—contained no explicit congressional delegation of tariff-setting authority. ‘When Congress has delegated its tariff powers, it has done so in explicit terms and subject to strict limits,’ Roberts wrote, joined by the court’s three liberal justices and two Trump-appointed conservatives, Amy Coney Barrett and Neil Gorsuch.

    Speaking from the White House briefing room, Trump delivered an extraordinary rebuke of the judicial branch, characterizing the decision as ‘terrible’ and labeling dissenting Republican-appointed justices as ‘fools and lap dogs’ who demonstrated ‘unpatriotic and disloyal’ behavior. The president vowed to continue his trade policy through alternative legal mechanisms, including Section 122—a rarely invoked statute allowing temporary tariffs of up to 15% for 150 days without congressional approval.

    The ruling triggered immediate market reactions, with the S&P 500 gaining 0.7% as business leaders expressed relief. Beth Benike, owner of Minnesota-based Busy Baby products, described feeling ‘like a thousand-pound weight has been lifted off my chest,’ while Terry Precision Cycling CEO Nik Holm called the decision a ‘relief’ despite anticipating lengthy supply chain recovery.

    Legal experts warned that the path to tariff refunds—estimated at $130 billion already collected under the invalidated program—remains fraught with complexity. Diane Swonk, chief economist at KPMG US, cautioned that litigation costs could prevent smaller firms from recouping funds, while trade analyst Geoffrey Gertz noted the situation had ‘only gotten more complicated and more messy.’

    The administration indicated that even nations with existing trade agreements, including the UK, EU, and India, would now face the new universal levy, though officials expect these countries to maintain previously negotiated concessions. European Commission spokespersons stated they were ‘analyzing the ruling carefully’ amid concerns about renewed trade uncertainty.

    This constitutional clash sets the stage for prolonged legal battles and potentially far-reaching implications for presidential authority in international trade matters.

  • Trump says considering strike on Iran, day after ‘bad things’ would happen comment

    Trump says considering strike on Iran, day after ‘bad things’ would happen comment

    Tensions between the United States and Iran have escalated dramatically as President Donald Trump confirmed he is contemplating limited military action against Tehran. This development follows his administration’s significant naval mobilization in the Middle East, designed to pressure Iran into accepting a nuclear agreement.

    The confrontation intensified after Trump’s Thursday remarks suggesting ‘bad things’ would occur if Tehran failed to reach a deal within an extended 15-day deadline. When pressed by journalists on Friday regarding potential military strikes, the president acknowledged, ‘The most I can say—I am considering it.’

    Diplomatic efforts continue simultaneously, with Iranian Foreign Minister Abbas Araghchi revealing that draft proposals for a potential agreement could be finalized within days. Following Geneva negotiations this week, Araghchi stated both parties agreed to exchange draft frameworks, describing this as the ‘next step’ in the process.

    Contradictions have emerged between official statements from both nations. While Trump has repeatedly insisted Iran must completely cease uranium enrichment, Araghchi asserted American negotiators haven’t demanded zero enrichment. ‘What we are now talking about is how to ensure that Iran’s nuclear programme, including enrichment, remains peaceful forever,’ the minister explained in an interview with MS NOW.

    The geopolitical standoff has triggered military posturing from both sides. Washington has deployed the USS Abraham Lincoln carrier group to the Gulf and ordered the Gerald Ford carrier to the region. Iran responded with naval exercises near the strategic Strait of Hormuz.

    Regional stability concerns heightened as Israel’s military announced being on ‘defensive alert’ regarding Iran, though public security guidelines remain unchanged. Meanwhile, Iran’s UN ambassador warned that US bases and assets would become ‘legitimate targets’ if America follows through with military threats.

    The economic dimension remains crucial, with Araghchi acknowledging Iran’s interest in swift sanctions relief. ‘We are under sanctions, obviously any day that sanctions are terminated sooner would be better for us,’ he noted, adding Tehran has ‘no reason to delay’ negotiations.

    This diplomatic crisis occurs against the backdrop of recent domestic unrest in Iran, where economic hardships sparked protests that authorities suppressed with force, resulting in significant casualties according to human rights organizations.

  • US Supreme Court rules Trump administration’s sweeping tariffs illegal

    US Supreme Court rules Trump administration’s sweeping tariffs illegal

    In a landmark ruling with significant implications for presidential authority and international trade, the US Supreme Court declared on Friday that the sweeping tariff regime implemented by former President Donald Trump violated established legal parameters. The Court determined that the administration’s application of a national emergency statute to justify broad-based import duties exceeded the law’s intended scope.

    The controversial tariffs, predominantly targeting Chinese goods alongside steel and aluminum imports from various nations, were originally enacted under Section 232 of the Trade Expansion Act of 1962. This provision traditionally authorizes the executive branch to impose trade restrictions specifically addressing genuine national security threats.

    Justice Elena Kagan, writing for the majority, emphasized that “while the presidency possesses considerable latitude in international affairs, this authority remains bounded by congressional statutes. The application of emergency powers to economic matters lacking clear national security dimensions constitutes an overreach of executive power.”

    The ruling represents a substantial judicial check on presidential trade authority and establishes a crucial precedent limiting the use of emergency economic powers. Legal analysts suggest the decision will likely reshape how future administrations justify and implement trade measures, particularly those affecting global supply chains and international relations.

    The Court’s decision emerged from a consolidated challenge brought by coalitions of affected businesses, manufacturing associations, and trading partners who argued the tariffs caused economic harm while lacking proper legal foundation. Industry representatives have welcomed the ruling as restoring predictability to international trade relationships.