Trump 'Liberation Day' tariffs blocked by U.S. trade court
Thursday, 29 May 2025 () The so-called reciprocal tariffs imposed on "Liberation Day" and the trafficking-related tariffs have all been ruled an illegal overreach by the President and have been blocked by a U.S. trade court.
iPhone prices could have been raised as a result of tariffs
There has been a lot of volatility with Apple, big tech, and United States businesses since the April 2 "Liberation Day" tariffs imposed by President Trump. While many of the obscenely high tariffs have been lowered since, a global baseline of a still-high 10% has been in place.
According to a report from Reuters, a U.S. trade court has ruled that President Trump overstepped his authority. While it doesn't pass judgement on whether the tariffs would work as intended, the court does say they are not allowed according to federal law.Continue Reading on AppleInsider | Discuss on our Forums
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Thursday, 29 May 2025 ()
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