In just over a week, on July 9, President Trump is set to reinstate reciprocal tariffs on countries around the world. The president says he’s ready to put letters in the mail to tell countries exactly how much they will be taxed, “We made deals, but I’d rather just send them a letter, a very…
If it feels like trade policy has been changing by the week, you’re not wrong. Since taking office in January, President Trump has wasted no time bringing tariffs back to the center of the conversation—this time in a much bigger way. We’ve seen sweeping new duties on long-standing trade partners, retaliation from around the world,…
In a major legal development for international trade, the U.S. Court of International Trade (CIT) ruled on May 28 that President Trump’s “Liberation Day” tariffs—enacted under the International Emergency Economic Powers Act (IEEPA)—exceeded presidential authority and must be vacated. The ruling stems from consolidated cases V.O.S Selections Inc. et al and The State of Oregon…