Trump tariffs
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Corporate bankruptcies in the United States surged to their highest level in 15 years in 2025, as companies grappled with the combined pressures of President Donald Trump’s trade policies, elevated interest rates, and lingering inflation, according to new data cited by The Washington Post. At least 717 companies filed for Chapter 7 or Chapter 11…
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In a rare and pointed acknowledgment, Federal Reserve Chair Jerome Powell publicly linked higher consumer prices to tariffs imposed during the Trump administration, underscoring how past trade policies continue to affect American households. Speaking at a recent press briefing, Powell said that total Personal Consumption Expenditures (PCE) prices rose 2.8% over the 12 months ending…
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Costco Wholesale has taken the Trump administration to court, filing a high-stakes lawsuit that challenges the legality of billions of dollars in tariffs imposed under Donald Trump’s presidency. The retail giant is asking the U.S. Court of International Trade for a full refund of the duties it paid under the International Emergency Economic Powers Act…
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The U.S. Supreme Court appeared poised Wednesday, November 5, 2025, to strike down President Donald Trump’s sweeping tariffs on imports from China and 12 other nations, with several conservative justices joining liberals in questioning whether the administration overstepped its authority under a 1977 emergency powers law. In a rare consolidated hearing of Learning Resources, Inc.…
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In a major rebuke of presidential trade authority, the U.S. Court of International Trade on Wednesday ruled that President Donald Trump overstepped his legal authority when he imposed a series of sweeping tariffs recently—declaring that the measures violated the limits of executive power under federal law. The court’s three-judge panel found that the Trump administration’s…
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