Morning Bid: Trump fumes against the world as his tariffs come up short - Reuters
Morning Bid: Trump fumes against the world as his tariffs come up short Reuters
Coverage by Political Leaning
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Notable Quotes
"Trump fumes against the world as his tariffs come up short."
— Donald Trump , Politician
"Trump’s illegal tax scheme has already done lasting damage to American families, small businesses and manufacturers who have been hammered by wave after wave of new Trump tariffs."
— Ron Wyden , Politician
"Repairing any of the damage caused by the tariffs in the form of higher prices starts with President Trump refunding the illegally collected tariff taxes that Americans were forced to pay."
— Jeanne Shaheen , Politician
"President Trump used tariffs to actually deliver where Democrats could only talk, so naturally Democrats are rolling up their sleeves to undermine President Trump and the American people – pathetic but unsurprising."
— Kush Desai , Executive
"It is not up to the administration — it is up to the lower court."
— Scott Bessent , Executive
"It’s only gotten more complicated for everybody."
— Ryan Majerus , Other
"Tariff revenues will be unchanged this year and will be unchanged in the future."
— Scott Bessent , Executive
"The widening gaps with Taiwan and Vietnam might put a 'bulls eye' on them this year if Trump focuses more on the lopsided trade numbers and less on the U.S. rivalry with China."
— Chad Bown , Academic
"Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday."
— Donald Trump , Politician
"Today, the Supreme Court decided that Congress, despite giving the president the ability to 'regulate imports', didn't actually mean it."
— JD Vance , Politician
"huge win for me and a big loss for the president"
— John Boyd , Activist
"While it may seem like a good day for free trade, I think trade actually just got a lot messier."
— Allie Renison , Influencer
"I found the decision 'deeply disappointing' and said I was 'ashamed' of the court."
— Donald Trump , Politician
"The tariffs at issue here may or may not be wise policy. But as a matter of text, history, and precedent, they are clearly lawful."
— Brett Kavanaugh , Politician
"Trump fumes against the world as his tariffs come up short."
— Donald Trump , Politician
"play games"
— Donald Trump , Politician
"As President, I do not have to go back to Congress to get approval of Tariffs. It has already been gotten, in many forms, a long time ago!"
— Donald Trump , Politician
"What we do know is that it would continue to require all those parties affected to continue to live in uncertainty..."
— Max Kulyk , Executive
"Not having that stable framework is hurtful for activity, hiring, investment."
— Gregory Daco , Academic
"The new temporary US tariff could mean increased levies for some EU exports."
— Bernd Lange , Politician
"It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately."
— Donald Trump , Politician
"Please let this statement serve to represent that I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been 'ripping' the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level."
— Donald Trump , Politician
"The tariffs are bad for trade, bad for U.S. consumers and businesses."
— Will Bain , Executive
Key People
Former UK government trade adviser and director at SEC Newgate.
Bernd Lange is the chair of the International Trade Committee of the European Parliament.
Brett Kavanaugh is an Associate Justice of the Supreme Court.
Commentator from the National Taxpayers Union opposing the use of Section 122.
Chad Bown is a senior fellow at the Peterson Institute for International Economics.
Clarence Thomas is an Associate Justice of the Supreme Court.
Former president of the United States known for his aggressive economic policies.
Ed Markey is a U.S. Senator from Massachusetts.
Chief economist at EY-Parthenon.
JD Vance is a United States Senator from Ohio and a prominent figure in conservative politics.
Jeanne Shaheen is a U.S. Senator from New Hampshire.
Soybean farmer from Virginia and founder of the National Black Farmers Association.
John Roberts is the Chief Justice of the United States.
Kush Desai is a spokesperson for the White House.
Partner and CEO of Chicory Wealth, a private wealth advisory firm.
Head of U.S. economics at Truist.
Ron Wyden is a U.S. Senator from Oregon.
Trade lawyer and partner at King & Spalding, formerly a U.S. trade official.
Samuel Alito is an Associate Justice of the Supreme Court.
Scott Bessent is the Treasury Secretary.
Will Bain is the head of trade policy at the British Chambers of Commerce.
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<a href="https://news.google.com/rss/articles/CBMif0FVX3lxTFBIaUtJdU5INEl4OG1BMWMxV2RsRUZZaXZEYm53LXFlU1ZadmRINFlfc25HNW9nOTlnN001UDVNT0IxV2lqRFZ1Zk5MNmJLcjRxdU1ESzdQM24yNURkbDNhNXBUbHJaNXdhTlhiTGNvUDF4dFZ2RUhyYnE0QnVNdGc?oc=5" target="_blank">Morning Bid: Trump fumes against the world as his tariffs come up short</a> <font color="#6f6f6f">Reuters</font>
The Supreme Court's ruling invalidating Trump's broad tariffs under the IEEPA does not resolve the uncertainty surrounding U.S. trade policy, as Trump may pursue alternative legal pathways to reimpose tariffs, and businesses face challenges in claiming refunds for the $133 billion collected under the invalidated tariffs.
In 2025, the U.S. trade deficit modestly declined to just over $901 billion from $904 billion in 2024, despite aggressive trade protectionism under President Trump, including double-digit tariffs on most imports, with the goods trade deficit reaching a record $1.24 trillion due to increased imports of technology components.
President Trump announced he will raise global tariffs from 10% to 15% after the Supreme Court ruled that his emergency tariffs are illegal, criticizing the court's decision and stating that the new tariffs could be extended beyond 150 days by an act of Congress.
The Supreme Court's invalidation of former President Trump's global tariffs has rendered an estimated $670 million in tariffs paid by Oregon potentially refundable, with the decision on refunds now in question.
A recent Supreme Court ruling has invalidated a significant portion of former President Trump's trade tariffs, putting $2.7 billion in tariffs collected from Virginia importers into uncertainty, with potential refunds now in question.
U.S. President Donald Trump warns trade partners not to 'play games' after the Supreme Court struck down his emergency tariffs, while Asian markets react to the ongoing trade tensions.
An analysis of the market's response to President Trump's tariff setbacks and the implications for global trade relations.
A European market perspective on the impact of President Trump's tariff challenges and the Supreme Court's decision.
A look at the day's market developments following the Supreme Court's ruling against President Trump's emergency tariffs.
Following the Supreme Court's decision, President Trump announced plans to raise tariffs to 15%, leading to economic uncertainty and stalled trade deals.
President Donald Trump vowed to raise worldwide tariffs to 15% 'effective immediately' after the Supreme Court ruled his sweeping global tariffs were unlawfully imposed.
Following a Supreme Court ruling declaring former President Trump's tariffs illegal, Senate Democrats introduced a bill demanding the government refund approximately $175 billion in tariff revenues, with a 180-day deadline for U.S. Customs and Border Protection to issue refunds and pay interest.
President Trump announced a 15% global tariff after the Supreme Court ruled that his emergency tariffs are illegal, criticizing the court's decision and stating that the new tariffs could be extended beyond 150 days by an act of Congress.
The U.S. Supreme Court blocked President Trump's tariffs, marking a significant setback to his trade agenda and prompting criticism from the President.
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