tariffs
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Illinois State Senator Steve Stadelman has introduced legislation aimed at increasing consumer transparency by requiring retailers to disclose how much federal tariffs contribute to the final price of goods sold to the public. The proposed Tariff Transparency Act, filed as Senate Bill 2957, would mandate that retailers clearly display the portion of a product’s price…
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A major Danish pension fund has announced plans to sell its entire holdings of U.S. Treasury bonds, citing concerns over America’s worsening public finances, as political tensions rise between Denmark and the United States over Greenland. AkademikerPension, a pension operator serving Denmark’s academic and professional workforce, said it will divest roughly $100 million in U.S.…
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President Donald Trump has ordered sweeping new tariffs on Denmark and seven other European countries, invoking emergency economic powers in a move that is already facing legal scrutiny and diplomatic resistance across the Atlantic. Under the directive, the United States will impose 10 percent tariffs beginning in February on imports from Denmark, Norway, Sweden, France,…
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The legal battle over sweeping tariffs imposed by President Donald Trump took center stage this week with the Learning Resources, Inc. v. Trump case, which challenges whether the president has the authority, under the International Emergency Economic Powers Act (IEEPA), to unilaterally impose import duties without congressional approval. Here’s what you need to know —…
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Wisconsin Attorney General Josh Kaul has filed a lawsuit to prevent billionaire Elon Musk from distributing $1 million payments to voters ahead of the state’s Supreme Court election. Kaul argues that Musk’s proposed financial incentives violate Wisconsin’s election bribery statutes, which explicitly prohibit offering anything of value in exchange for voting. The move has sparked…
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President Donald Trump’s sweeping tariffs on goods from Canada, Mexico, and China have reignited legal debates over the limits of executive power. With the U.S. Constitution granting Congress sole authority over trade regulations, Trump’s unilateral imposition of tariffs raises serious legal questions. Not only will these tariffs disrupt international trade agreements like the USMCA, but…
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On February 1, 2025, President Donald Trump issued three executive orders (EOs) imposing new tariffs on imports from China, Mexico, and Canada. Initially scheduled to take effect on February 4, 2025, tariffs on Mexican and Canadian imports were delayed by one month following last-minute negotiations. However, the tariffs on Chinese imports proceeded as planned, going…
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