trade

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Federal Judges Question Trump's Tariff Powers Claim

'Tariffs seems to have no friends in that statute,' appeals court judge says of law Trump is using

(Newser) - A federal appeals court showed clear doubts Thursday about the Trump administration's claim to sweeping tariff powers under the International Emergency Economic Powers Act—a law that, notably, never mentions tariffs. The Justice Department contends President Trump can use the statute to levy broad new taxes on imports,...

Lakers Star Appears to Have Silenced His Dad-Bod Critics

Luka Doncic unveils ripped physique after spending the summer getting serious

(Newser) - Lakers star Luka Doncic is showing off a serious offseason transformation, revealing on NBC's TODAY that he took an unprecedented one-month break from basketball to focus entirely on reshaping his body. The Slovenian guard, who has faced regular criticism over his conditioning, appeared on the cover of Men'...

Brazil's President: Trump Will Get No 'Subservience' From Me

Luiz Inacio Lula da Silva calls out disrespect in tariff threats, warns of retaliation

(Newser) - Brazil's leader is pushing back hard against President Trump's tariff threats, vowing his country won't be bullied or negotiate "as if it were a small country up against a big country." In his first New York Times interview in 13 years, President Luiz Inacio...

Player Traded From One Team to Other During Doubleheader

Seranthony Dominguez traded from Orioles to Blue Jays between games against each other

(Newser) - Baltimore swept a doubleheader against Toronto, but for Seranthony Dominguez it was a split. The Orioles traded the reliever to the Blue Jays between games. "After the first game, I was in there with the guys, and they call me and they tell me, 'Hey we got you...

Port of LA Breaks Records as Shippers Race Against Clock

Officials expect a major slowdown will begin next month

(Newser) - The Port of Los Angeles recorded its busiest June ever, processing over 892,000 shipping containers as importers scrambled to outpace incoming tariffs on Chinese goods. The new record, an 8% jump from last year, was propelled by companies accelerating shipments ahead of a looming August 12 deadline for...

Deadline on Tariffs Pause Won't Be Extended: Trump

President had discounted importance of July 9 on Friday

(Newser) - President Trump said Sunday that he does not plan to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire. He said his administration will notify countries "pretty soon" that the trade penalties will take effect unless there are...

America's Shipping Crisis: How Control of the Seas Slipped Away
How the Seas Slipped
Out of America's Fingers
longform

How the Seas Slipped Out of America's Fingers

US maritime power has declined to dangerous levels

(Newser) - America once ruled the seas. Now it finds itself dangerously adrift, argues Arnav Rao in a piece for the Atlantic . He begins by laying out numbers that make a compelling case: Though about 80% of US international trade moves by ocean, an infinitesimal 0.13% of the world's...

US and China Hold Trade Talks in London

Discussions to last a day, at least

(Newser) - High-level delegations from the United States and China are meeting in London on Monday to try and shore up a fragile truce in a trade dispute that has roiled the global economy. A Chinese delegation led by Vice Premier He Lifeng is due to meet US Commerce Secretary Howard Lutnick,...

Trump Threatens EU With 'Tariffs All the Way'

President-elect says tariffs can be avoided only with 'the large scale purchase of our oil and gas'

(Newser) - President-elect Trump is threatening more tariffs, this time directed at Europe. "I told the European Union that they must make up their tremendous [trade] deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it is TARIFFS all the way," Trump wrote...

New Private-Equity Gold Mine: Heating and Plumbing

Wall Street Journal reports on how small HVAC and trade companies are being scooped up

(Newser) - The Wall Street Journal reports that a "new class of millionaires" is rising in America, and it has nothing to do with hedge funds or Silicon Valley. Instead, this one centers on plumbers, electricians, and HVAC technicians—specifically, those who started their own small shops in years past. It...

'Big News' From DNA: Probable Viking, Inuit Encounters

Walruses brought to Europe by the Norse traced to Baffin Bay, home of the Thule Inuit

(Newser) - The idea that Christopher Columbus discovered the Americas long ago moved from the history books to the garbage can, but if you need more disputing evidence, you can find it in a new study on the Vikings, whose quest for ivory is believed to have led them into the path...

China Fumes Over US' Latest Move on Taiwan

Country says it 'firmly opposes' formal trade talks

(Newser) - The US government will hold trade talks with Taiwan in a sign of support for the island democracy that China claims as its own territory, prompting Beijing to warn Thursday it will take action if necessary to "safeguard its sovereignty." Chinese President Xi Jinping's government criticized the...

House Vote to Punish Russia Has Only 8 Nay Votes

Legislation to suspend trade relations now goes to Senate

(Newser) - The House voted overwhelmingly Thursday to suspend normal trade relations with Russia and Belarus, preparing for President Biden to enact higher tariffs on more products and further weaken the Russian economy in response to its military assault on Ukraine. The US has already taken steps to shut off the importation...

Right Before UK's Final Split From EU, 'the Deal Is Done'

Britain, European Union come to post-Brexit trade agreement, though how this will play out is unclear

(Newser) - After months of talks and at almost the last minute, Britain and the European Union struck a provisional free-trade agreement Thursday that should avert New Year chaos for cross-border traders and bring a measure of certainty for businesses after years of Brexit turmoil. With just over a week until the...

New North American Trade Deal Is Imminent
Pelosi Hands Trump
a Victory on Trade

Pelosi Hands Trump a Victory on Trade

New North American trade deal is imminent

(Newser) - House Speaker Nancy Pelosi on Tuesday announced agreement on a modified North American trade pact, handing President Trump a major Capitol Hill win on the same day that Democrats announced impeachment charges against him, per the AP . Crediting Democratic negotiators for winning stronger provisions on enforcing the agreement, Pelosi said...

Trump Makes New Threat Amid Slow China Talks

The US will slap a tariff on $300B in Chinese goods, Trump says

(Newser) - President Trump says the US will apply a new tariff of 10% on about $300 billion worth of products from China on Sept. 1, the AP reports. Trump tweeted Thursday amid slow-moving talks with China that negotiations will continue. But he blamed China for not following through on stopping the...

Trump Posts Surprising Tweet on Japan Trip
Trump Posts Surprising
Tweet on Japan Trip
the rundown

Trump Posts Surprising Tweet on Japan Trip

Meanwhile, Shinzo Abe is wooing him with golf and cheeseburgers

(Newser) - President Trump posted a tweet that likely surprised his Japanese hosts before they courted him Sunday with cheeseburgers, sumo-wrestling, and golf: "North Korea fired off some small weapons, which disturbed some of my people, and others, but not me," Trump tweeted Saturday, referring to short-range weapons that are...

Trump Opens Japan Trip With a Little Jab

The president mentions the US-Japanese trade imbalance

(Newser) - President Donald Trump opened a state visit to Japan on Saturday by needling the American ally over its trade imbalance with the United States, the AP reports. "Maybe that's why you like us so much," he joshed. Trump also promoted the US under his leadership, saying "...

Trump on Foreign Car Tax: Postponed
Trump Makes
2 Big Moves
on Tariffs
UPDATED

Trump Makes 2 Big Moves on Tariffs

He lifts them on Canada and Mexico and postpones action against Japan, Europe

(Newser) - Bogged down in a sprawling trade dispute with US rival China, President Trump took steps Friday to ease tensions with America's allies—lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By removing the metals tariffs on...

Behind Trade Move Against India: Dispute on Knee Implants

India, Turkey will no longer be awarded zero-tariffs status on some goods

(Newser) - Amidst America's trade battle with the world's most populated country comes a new move against the nation that occupies the No. 2 slot on that list. The US on Monday night announced that within 60 days, India will lose the preferential trade status that allowed it to export...

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