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    US tariff policy ‘hasn’t changed’ despite supreme court ruling, trade chief says

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    Jamieson Greer also said US won’t pull out of deals with UK, EU and others after court declared Trump tariffs illegalTop US trade negotiator Jamieson Greer insisted on Sunday that the Trump administration was set to persist with its tariffs policy, two days after the supreme court declared many of Donald Trump’s tariffs illegal.The ruling issued on Friday by the highest US court was a sharp rebuke to the Republican president that toppled a key pillar of his aggressive economic agenda – even as it prompted Trump to announce a new global tariff using different statutes, albeit temporary. Continue reading… More

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      Trump raises tariffs to 15% on imports from all countries

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      President announced increase from 10% using different authority from mechanism that supreme court struck down on FridayDonald Trump announced on Saturday that he would raise a temporary tariff rate on US imports from all countries from 10% to 15%, less than 24 hours after the US supreme court ruled against the legality of his flagship trade policy.Infuriated by the high court’s ruling on Friday that he had exceeded his authority and should have got congressional approval for the tariffs he introduced last year under the International Emergency Economic Powers Act (IEEPA), the US president railed against the justices who struck down his use of tariffs – calling them a “disgrace to the nation” – and ordered an immediate 10% tariff on all imports, in addition to any existing levies, under a separate law. Continue reading… More

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      Trump’s global tariffs have finally been overturned. What next? | Steven Greenhouse

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      The US supreme court ruled against the president. Let’s hope the court removes its pro-Trump glasses on other issues and stands up for the rule of lawThere’s no denying that the US supreme court’s long-awaited ruling that overturned Donald Trump’s global tariffs is important, and if the ruling turns out to be a harbinger that the court is ready to abandon its startling sycophancy toward the US president, it could prove hugely important. The ruling this Friday is the first time during Trump’s second term that the justices have struck down one of his policies. Not only that, the policy they struck down is Trump’s signature economic policy – he has used tariffs to bash, lord over and terrorize dozens of other countries and make himself the King of the Economic Jungle.In the court’s main opinion, joined by three conservative justices and three liberals, chief justice John Roberts used some sharp language to slap down Trump’s tariffs, writing that the constitution specifically gives Congress, not the president, the power to impose taxes and tariffs. (Roberts noted that tariffs are indeed taxes.)Steven Greenhouse is a journalist and author, focusing on labour and the workplace, as well as economic and legal issues Continue reading… More

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      Trump’s Random Walks: Unpredictable Politics and Chaotic Foreign Policy

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      The Financial Times recently published a comment from an anonymous major oil company executive vis-à-vis investment in Venezuela, “No one wants to go in there when a random fucking tweet can change the entire foreign policy of the country…” Recently, I endured a couple of weeks of people outside the United States explaining to me,… Continue reading Trump’s Random Walks: Unpredictable Politics and Chaotic Foreign Policy
      The post Trump’s Random Walks: Unpredictable Politics and Chaotic Foreign Policy appeared first on Fair Observer. More

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      US House backs bid to block Canada tariffs in rebuke of Trump

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      Republicans join Democrats in objecting to national emergency US president declared to impose tariffsThe US House on Wednesday voted to rescind tariffs that Donald Trump imposed on Canada last year, a rare bipartisan rebuke of the White House’s trade policy as the president threatened electoral retaliation against any Republican who defied him.The largely symbolic resolution to disapprove of the national emergency Trump declared to impose tariffs on Canada passed 219 to 211, with six Republicans – Don Bacon of Nebraska, Thomas Massie of Kentucky, Brian Fitzpatrick of Pennsylvania, Kevin Kiley of California, Dan Newhouse of Washington and Jeff Hurd of Colorado – voting with all Democrats except Jared Golden of Maine, who voted against it. Continue reading… More

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      Cuba on the brink as Trump turns up the pressure: ‘There is going to be a real blockade’

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      Country is already suffering acute fuel shortage; experts say complete cutoff will be ‘catastrophic’ to its infrastructureIt’s just gone midday on Linea, one of the main roads through Havana’s Vedado neighbourhood, and Javier Peña and Ysil Ribas have been waiting since 6am outside a petrol station. They’re passing the time fixing a leak on Ribas’s 1955 gold and white Mercury.A tanker has pulled up on the forecourt in front of them, and so the queue behind is growing fast. Although this station only takes US dollars, at a cost far out of reach of most Cubans, Peña says it’s their only choice. “There is no gas in the national pesos,” he says, shrugging. Continue reading… More