Author: everyonehub2025@gmail.com

Asian economies weigh impact of fresh Trump tariff moves, confusion

For Europe Inc, US tariff relief comes with a sting in the tail

When Rick Woldenberg took the reins of his family’s toy business, Learning Resources Inc, nearly three decades ago, politics and litigation were not on his agenda. Then he became a central figure in one of the most significant U.S. Supreme Court rulings of the last several years. The court on Friday struck down President Donald Trump’s imposition of unprecedented tariffs under the International Emergency Economic Powers Act, after a rash of importers, U.S. state governments and others sued. Illinois-based Learning Resources, which imports most of the educational toys it sells from China, was one of the first small businesses to bring…

U.S. stocks climbed on Friday, with the Nasdaq leading gains after the Supreme Court struck down President Donald Trump’s global tariffs, offering relief to investors after weaker-than-expected economic data dented sentiment earlier in the day. The U.S. top court, which has a conservative majority, ruled 6-3 against his global tariffs, enacted under a federal law meant for national emergencies. Trump’s April 2 “Liberation Day” levies included a baseline duty of 10% on all imports into the United States and specific additional duties of 15% to 50% on most countries, many of which were renegotiated and subsequently lowered. Trump called the…

Thousands of businesses won a hard-fought victory when the U.S. Supreme Court ruled to overturn the White House’s emergency tariffs. The process of getting refunds has only just begun. In a decision that could ripple throughout the global economy for years, the court ruled that U.S. President Donald Trump was not allowed to use the 1977 International Emergency Economic Powers Act to levy broad tariffs on imports. The corporate world has spent months adjusting to Trump’s often-evolving trade policy and his central use of tariffs for his agenda, not just to address trade issues but also as a cudgel against…

The Social Security Fairness Act signed at the beginning of 2025 is now unfair, at least when it comes to taxes, according to some representatives in Congress. The Social Security Fairness Act eliminated the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which reduced Social Security benefits for about 3.2 million public-sector retirees who also receive pension income. The law’s effective date was retroactive to January 2024, so many beneficiaries received last year a one-time retroactive payment that may have amounted to thousands of dollars and higher monthly benefits, starting in 2025. Those income spikes last year likely triggered more taxes for many people,…

It finally happened. In a move that’s sending shockwaves through Washington and Wall Street alike, the Supreme Court just took a sledgehammer to President Trump’s sweeping global tariffs. In a 6-3 ruling handed down today, the court decided the president didn’t have the legal authority to use a 1977 emergency law to tax almost everything coming into the country. Tariffs aren’t gone completely; Trump has other ways to impose tariffs, and is widely expected to use them. They won’t be as widespread or capricious, however. If you’ve been feeling the sting at the checkout counter over the last year, this…

It’s that time again. The seasons are changing, and it’s time to adjust those clocks and spring forward. Daylight Saving Time starts in just over two weeks, and as part of spring forward, clocks must be set forward one hour. There will be more light in the evening and less light in the morning, according to Norwegian time zone website Time and Date. Setting clocks forward was introduced in the U.S. to make better use of natural daylight and save energy, Time and Date reported. Here’s what to know about springing forward this year. Do all states observe daylight saving…

President Donald Trump issued an executive order this week prioritizing U.S. production of glyphosate, saying the herbicide is critical to the nation’s security. Trump’s executive order, issued late Wednesday, Feb. 18, provides limited immunity to domestic companies that make glyphosate and phosphorus, declaring both essential to the nation’s military and farmers. Using the 1950 Defense Production Act, Trump said elemental phosphorus is critical to military technologies such as radar, solar cells and sensors, and to agriculture as a “precursor element” in producing glyphosate-based herbicides. The president also used the Defense Production Act during his first term, ordering U.S. meatpacking plants…

U.S. President Donald Trump said on Friday that he would impose a 10% global tariff for 150 days to replace some of his emergency duties that were struck down by the U.S. Supreme Court. Trump said that his order would be made under Section 122 of the Trade Act of 1974 and the duties would be over and above tariffs that are currently in place. The statute allows the president to impose duties of up to 15% for up to 150 days on any and all countries related to “large and serious” balance of payments issues. It does not require…