
Tariffs survive challenge as Federal Circuit pauses lower court’s decision
The court cited substantial legal issues over the president’s trade powers and the risk of economic harm, directing the parties to file briefs by early June.
The court cited substantial legal issues over the president’s trade powers and the risk of economic harm, directing the parties to file briefs by early June.
The White House has already filed an appeal, setting the stage for a legal battle that could reach the Supreme Court.
The ruling could strip the president of the power to levy duties without congressional approval and force the roll-back of existing levies, with major implications for businesses and global supply chains.
From a peak 13% overvaluation versus major peers heading into January, the US dollar has plunged 7% on a trade-weighted basis in three months – a pace more than twice as fast as during Trump’s first term.
Old Mutual Wealth’s Izak Odendaal believes the only two risks that should concern investors are the US economy going into a recession and the Fed hiking interest rates.
During his first term, Donald Trump’s policies spurred a confidence-fuelled boom in US markets. With proposals for deeper tax cuts and renewed trade barriers, he’s aiming for a repeat performance.
The Council for Medical Schemes (CMS) has already implemented a number of recommendations arising from the Special Investigating Unit’s investigation into alleged misconduct by its employees, and it plans to increase its tariffs […]
The Council for Medical Schemes (CMS) has already implemented a number of recommendations arising from the Special Investigating Unit’s investigation into alleged misconduct by its employees, and it plans to increase its tariffs […]
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