All posts tagged "Tariffs"

A federal judge handed small businesses a new weapon in their fight to recover money the Trump administration collected illegally.

Judge Richard Eaton of the U.S. Court of International Trade on Thursday certified a class action brought by Freestyle World Inc. on behalf of every importer that paid tariffs President Donald Trump imposed under the International Emergency Economic Powers Act between February 1, 2025, and February 19, 2026. The class excludes companies that already filed their own suits but opens the way for tens of thousands of importers to recover their money without suing individually.

The ruling builds on the Supreme Court's February decision in Learning Resources v. Trump, which held that the law "does not authorize the President to impose tariffs." The government collected an estimated $166 billion in unlawful duties from roughly 330,000 importers, according to the filing....

Sen. Susan Collins (R-ME) bragged about a road salt win at a Maine Senate debate, and her challenger's comeback had observers cheering.

On Tuesday, Collins faced Democratic challenger Troy Jackson in a debate weeks before the midterms. Asked what she would do about President Donald Trump's tariffs on Canada, Collins pointed to a specific victory.

"I was successful at getting road salt removed from the tariff list," Collins said. Jackson responded by pouncing on the answer....

President Donald Trump's tariff wars are threatening to put a key swing state Republicans are hoping to contest out of reach, the conservative Wall Street Journal editorial board warned on Friday.

In Michigan, Democratic public health official Abdul El-Sayed, an avowed progressive, is taking on Congressman Mike Rogers, and polls show a close race. Trump, however, has given El-Sayed an inadvertent gift with his constant meddling in trade policy, the board argued.

"Businesses that import goods embed the tariffs into their prices, sometimes in stealthy ways," wrote the board. For example, "Cox Automotive this spring found that Mr. Trump’s tariffs drove a 10.4% increase in the average suggested retail price for new cars. Michigan Smart Trade Alliance estimates tariffs have cost the state $26 billion since January 2025, or about $6,419 per household."...

Conservative CNN pundit Scott Jennings botched an attempt to defend President Donald Trump's tariffs with a hypothetical that led to everyone laughing in his face.

On Wednesday, Jennings was part of the roundtable on CNN Newsnight, and he tried to back up Trump's handling of the economy by posing a question to the other pundits, including former New York City Mayor Bill de Blasio, New York Times reporter Lulu Garcia-Navarro and Democratic political strategist Bakari Sellers.

"I have a sincere question for you because you all very concerned about the tariffs as taxes," Jennings said, referring to critics' argument that tariffs function as a tax on American consumers because importers pass the cost along as higher prices. "If Donald Trump tomorrow said, 'I'll trade you elimination of all tariffs for elimination of all corporate income taxes,' would you take the deal?"...

GOP strategist Marc Short called out President Donald Trump's strategy for lowering beef prices as an admission that he raised prices.

During a Thursday appearance on CNN, Short spoke about Trump's executive order renaming Lake Ontario to Lake America and how Republican candidates are feeling about it ahead of a critical midterm race in November.

"I think there are a lot of Republicans who are facing a midterm election in less than three months, and are anxious to address some of the issues that Americans view as top priorities," Short said. "And not this."...

The U.S. and Canada pointed fingers at each other after trade talks collapsed, triggering 50 percent tariffs and mutual accusations.

Prime Minister Mark Carney announced late Friday that he had suspended trade negotiations with the United States and pulled his team home minutes before a midnight deadline. It set in motion steep new tariffs on Canadian exports.

"As a result, this evening I have decided to suspend trade negotiations with the U.S. and have directed Canada's negotiators to return to Ottawa," Carney said in a statement posted on X. He blamed a reversal by the Trump administration in the final hours, saying, "Last-minute changes in the U.S. proposed terms were unfair, uneconomic, and called into question the reliability of any deal."...