Tariffs

Doubling tariffs on imported steel will raise cost of the metal when Iran war is already inflating steel and concrete pricesOne of HS2’s biggest contractors has warned the government that raising tariffs on foreign steel imports will “exacerbate” cost pressures for the UK construction industry, amid growing concern over the £100bn railway’s rising budget.Ministers said last week they would double the tariffs on imported steel and slash the amount that can be bought from overseas, in an attempt to save Britain’s struggling steelmakers. Continue reading...

Business secretary announces new ‘steel safeguards’ during visit to Tata’s Port Talbot plantThe UK is to double tariffs on Chinese and other foreign steel in a bid to save its remaining plants from collapse.The new “steel safeguards” came weeks after bosses at Tata Steel in south Wales warned the government they had just two months to be saved. Continue reading...

• President Donald Trump launched a series of social media posts on Sunday night criticizing the U.S. Supreme Court as having 'RANSACKED' the country after it rejected his tariffs decision. • Trump acknowledged potential backlash, stating 'This statement about the United States Supreme Court will cause me nothing but problems in the future, but I feel it is my obligation to speak the TRUTH,' amid broader losses including failed prosecutions and coalition splits over Iran war. • The outbursts highlight Trump's frustration with judicial setbacks, such as U.S. District Judge James Boasberg tossing a grand jury subpoena against Fed Chair Jerome Powell on Friday.

President accuses court of having ‘unnecessarily RANSACKED’ the US and claims he has ‘absolute right’ to impose new tariffsSign up for the Breaking News US email to get newsletter alerts in your inboxGood morning and welcome to the US politics liveblog.In a late-night social media post, Donald Trump has claimed he has the “absolute right” to impose new tariffs after the supreme court ruled many of the import duties he imposed last year were illegal.Our Supreme Court has made these Countries very happy but, as the Court pointed out, I have the absolute right to charge TARIFFS in another form, and have already started to do so.” Continue reading...

US supreme court has ‘ransacked’ the country, president argues, in wake of its ruling against his trade agendaDonald Trump has claimed he has “the absolute right” to impose new tariffs after the US supreme court ruled many of the import duties he imposed last year were illegal.The president attacked the court in a late night broadside on Sunday, accusing it of having “unnecessarily RANSACKED” the US – and failing to show him sufficient loyalty. Continue reading...

Democratic leaders project that President Trump's proposed tariffs on imports will increase costs for the typical American family by more than $2,500 per year, exacerbating affordability challenges amid midterm election debates. The estimate factors in higher prices for consumer goods, with critics linking it to broader economic policies including energy waivers. GOP supporters counter that tariffs protect domestic industries and jobs, though polls show voter concerns over inflation. This fiscal warning intensifies partisan divides as Congress considers related legislation.

A Friday report from congressional Democrats highlights that President Trump's tariffs, enacted after Supreme Court invalidation of prior measures, could impose over $2,500 in annual costs on average U.S. households amid efforts to replace lost federal revenue. The analysis critiques the policy as regressive, exacerbating affordability pressures from recent economic strains like energy prices. Trump administration officials defend the tariffs as essential for domestic industry protection and national security. The report fuels midterm election debates on fiscal policy as Democrats push alternative revenue strategies.