The Supreme Court recently struck down Trump's use of emergency powers to impose tariffs under the International Emergency Economic Powers Act (IEEPA). In a 6-3 decision, the court ruled that the tariffs exceeded the authority given to the president by Congress under the 1977 law, which allows the executive branch to regulate commerce during national emergencies created by foreign threats.
Read MoreThe EU and India, two of the largest democratic economies, are now partners in a new economic pact that has the political world watching. The agreement is designed to boost trade in goods and services, but it also has a deeper meaning. Alongside the promising tariff cuts and access to global markets, there is a clear signal that the EU is shifting its sights to a more welcoming continent: Asia.
Read MoreThe Congressional Delegation comes amid rising economic tensions due to the Trump Administration’s tariffs, the struggle over the ownership of TikTok, and the seemingly constant race between the two powers to have the technological advantage.
Read MoreThis is bound to affect everyday Americans as many industries rely heavily on steel and aluminum - most notably being car manufacturers, aluminum can manufacturers, and construction companies. Higher steel prices could mean an increase in the cost of vehicles, while higher aluminum prices may increase the cost of everyday kitchen staples like canned goods or soda.
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