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The Supreme Court's Feb. 20 decision striking down President Donald Trump's IEEPA-based tariff program as illegal creates a massive fiscal overhang that could function as an unintended liquidity injection. The Court ruled 6-3 that the International Emergency Economic Powers Act does not authorize the President to impose tariffs, invalidating a program that collected at least […] The post Bitcoin eyes $175B in refund liquidity as Supreme Court nukes Trump tariffs appeared first on CryptoSlate.

US President Donald Trump is now using alternative legal routes to levy tariffs, but critics say his authority to impose them is still limited. United States President Donald Trump announced on Saturday that he is raising the 10% global tariff rate announced on Friday to 15%, which will take effect immediately.  Trump reiterated his criticism of the Supreme Court’s decision to strike down his authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). In a Saturday Truth Social post, he said: On Friday, Trump announced a 10% global tariff rate to be added on top of already existing tariffs that remained valid after the court ruling, under alternative legal statutes outlined in the Trade Expansion Act of 1962 and the Trade Act of 1974.  Read more

The tariffs are just taxes on American businesses and consumers, while providing no benefit to the economy, critics of Trump's policies say. The tariffs imposed by US President Donald Trump and the 10% global tariff announced by Trump on Friday have drawn critical reactions from US lawmakers, Washington, DC-based think tanks and attorneys.  US Senator Rand Paul said that the Trump tariffs are a tax increase on “working families and small businesses,” characterizing them as a net negative on the economy. “Those tariffs weren’t about security — they were a tax on families and small businesses to bankroll a reckless trade war,” US Congressperson Ro Khanna said.  Read more

US President Donald Trump said on Saturday he is raising the worldwide tariffs on goods entering the United States from 10 per cent to 15pc “effective immediately,” a day after the Supreme Court largely struck down his sweeping duties. Trump had immediately announced a 10pc across-the-board tariff on Friday after the court’s decision, which found the president had exceeded his authority when he imposed an array of higher rates under an economic emergency law. The new levies are grounded in a separate law, known as Section 122, that allows tariffs up to 15pc but requires congressional approval to extend them after 150 days. Trump said on his Truth Social platform that after a thorough review of Friday’s “extraordinarily anti-American decision” by the court to rein in his tariff programme, the administration was hiking the import levies “to the fully allowed, and legally tested, 15pc level”. “During the next short number of months, the Trump Administration will determine and issue the new and legally permissibl...

Administrația Trump ia în calcul scenarii extreme în cazul în care negocierile cu Iranul privind programul nuclear vor eșua, inclusiv eliminarea liderului suprem iranian, ayatollahul Ali Khamenei, și a fiului său, Mojtaba, considerat un posibil succesor.

Jamaat-i-Islami (JI) chief Hafiz Naeemur Rehman on Saturday criticised the government for participating in the Boa­rd of Peace’s (BoP) first meeting over Gaza, terming it “unacceptable”. His remarks came after the inaugural BoP meeting on Thursday in Washington, where Prime Minister Shehbaz Sharif praised the peacemaking efforts of United States President Donald Trump, who is heading the forum. Addressing the media in Lahore, the JI leader said it was “unacceptable at any cost” to ignore the country’s long-established policy on the Palestine issue. He emphasised that since the time of Quaid-i-Azam Mohammad Ali Jinnah, Pakistan’s policy had remained clear and that any deviation from it would be intolerable. Rehman also opposed any plan to send Pakistani troops to Gaza as part of an International Stabilisation Force (ISF) envisioned under Trump’s 20-point plan. He argued that the matter concerned Gaza’s internal affairs and should be handled only by local Palestinian police and security forces rather than forei...

US President Donald Trump will travel to China from March 31 to April 2 for a highly anticipated meeting between the leaders of the world’s two biggest economies, a trip announced as the Supreme Court overturned Trump’s sweeping tariffs on imported goods. A White House official confirmed the trip on Friday, just before the highest US court dealt Trump a stinging defeat by striking down many of the tariffs he has used in a global trade war, including some against rival China. Trump’s talks with Chinese President Xi Jinping on an extended visit to Beijing had been expected to revolve around extending a trade truce that kept both countries from further hiking tariffs. Ruling raises questions for US-China relations But the Supreme Court’s reversal created new questions for tense US-China relations that had recently stabilised after Trump trimmed tariffs on Chinese goods, in exchange for measures from Beijing, including cracking down on the illicit fentanyl trade and pausing export restrictions on critical mineral...

The United States Supreme Court ruled on Friday that President Donald Trump could not use national emergency powers to levy tariffs during peacetime. US President Donald Trump announced a 10% global tariff on Friday following the Supreme Court's ruling striking down his authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). Trump was critical of the Supreme Court’s decision, calling the decision “ridiculous” at Friday’s press conference, and said that he will levy the tariffs under different legal methods, including the Trade Expansion Act of 1962 and the Trade Act of 1974. Trump said: Trump’s tariffs have repeatedly caused severe downturns in markets considered high risk, including crypto and equities, as the threat of tariffs fuels uncertainty and shakes investor confidence. Read more

US President Donald Trump has repeatedly said that tariffs could help pay down the $38 trillion, and growing, US national debt. The Supreme Court of the United States (SCOTUS) issued a ruling on Friday striking down most of US President Donald Trump’s tariffs, with six of the nine Supreme Court justices ruling that the Executive Branch lacks authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). “IEEPA does not authorize the President to impose tariffs,” Friday’s ruling said, adding that the president has “no inherent authority” to impose tariffs during peacetime using the statutes in the IEEPA. The ruling read: Trump claimed that the purported inflow of drugs from Canada, China and Mexico, as well as the “hollowing out” of the US industrial base, constituted a national emergency under IEEPA that justified the tariffs, which the court rejected. In a press briefing following the decision, Trump lashed out at the justices who voted to strike down the tariffs and vowed to get th...

After the US Supreme Court struck down on Friday President Donald Trump’s sweeping tariffs that he pursued under a law meant for use in national emergencies, he announced that he was imposing an extra global tariff of 10 percent on US trade partners. Speaking to reporters after the Supreme Court ruled his sweeping global tariffs illegal, Trump said he would impose tariffs using alternative authorities. “The Supreme Court’s decision today made a president’s ability to both regulate trade and impose tariffs more powerful and more crystal clear, rather than less,” he said. “I’m ashamed of certain members of the court, absolutely ashamed, for not having the courage to do what’s right for our country,” Trump added. Insisting the the ruling left him “more powerful”, he said: “In order to protect our country, a president can actually charge more tariffs than I was charging in the past.” Trump has leveraged tariffs — taxes on imported goods — as a key economic and foreign policy tool. They have been central to a glob...

US President Donald Trump said he was considering a limited strike on Iran after ordering a major naval buildup in the Middle East aimed at heaping pressure on Tehran to cut a deal to curb its nuclear programme. The latest threat came after Iran’s foreign minister said a draft proposal for an agreement with Washington would be ready in a matter of days following negotiations between the two sides in Geneva earlier this week. Trump had suggested on Thursday that “bad things” would happen if Tehran did not strike a deal within 10 days, which he subsequently extended to 15. Asked by a reporter on Friday whether he was contemplating a limited military strike, Trump answered: “The most I can say — I am considering it.” After the talks in Geneva, Tehran said the two sides had agreed to submit drafts of a potential agreement, which Iranian Foreign Minister Abbas Araghchi told US media would be the “next step”. “I believe that in the next two, three days, that would be ready, and after final confirmation by my superi...

Two U.S. officials told Reuters that the military prepared options for targeting individual Iranian leaders as part of a limited attack and even pursuing regime change in Tehran if ordered by Trump

President Donald Trump said on Thursday he would direct federal agencies to begin releasing government files related to aliens and unidentified flying objects, pointing to what he described as strong public interest in the issue. In a social media post, Trump said he would order Pentagon chief Pete Hegseth and other agencies to release the information, calling the matter “extremely interesting and important.” Earlier in the day, Trump, without providing evidence, accused former President Barack Obama of improperly disclosing classified information when discussing aliens publicly, saying Obama “made a big mistake.” “He took it out of classified information … He’s not supposed to be doing that,” Trump told reporters while traveling to Georgia. During an interview with podcast host Brian Tyler Cohen released on Saturday, Obama was asked if aliens were real. “They’re real, but I haven’t seen them, and they’re not being kept in … Area 51. There’s no underground facility unless there’s this enormous conspiracy and ...

The president added later that the United States is 'going to make a deal or get a deal one way or the other,' adding, '15 days. Pretty much maximum.' Later on Thursday, the Wall Street Journal reported that Trump is considering a limited preliminary strike on Iran to pressure it into a deal

From demanding Israel's president grant the prime minister a pardon, to a potential escalation with Iran, how much harder can Trump campaign for Netanyahu to win Israel's elections, due later this year? But despite the trajectory, a kerfuffle or worse could change the script

Președintele american a făcut declarații care au fost rapid catalogate drept bizare și stânjenitoare. Trump a descris președintele Paraguayului, Santiago Peña, drept „un tânăr atrăgător”.

Trump announced that the countries have contributed $7 billion to the reconstruction of Gaza, adding that the United States will contribute another $10 billion. The president commended Indonesia, Morocco, Albania, Kosovo, and Kazakhstan for agreeing to deploy troops

The U.S. is approaching the precipice of war without articulating even the vaguest vision for what follows and with few forces, domestic or international, able or willing to challenge Trump or his administration. Netanyahu, with his first gamble against Iran having paid off last June, is prepared to go all in

The White House warned on Wednesday that Iran would be “wise” to do a deal with the United States as President Donald Trump once again hinted at military action. The two sides recently resumed indirect talks, mediated by Oman, after Trump repeatedly threatened military action against Iran over a deadly crackdown on protesters last month. A previous attempt at negotiations collapsed when Israel launched surprise strikes on Iran last June, beginning a 12-day war that Washington briefly joined to bomb Iranian nuclear sites. “Iran would be very wise to make a deal with President Trump and with his administration,” White House Press Secretary Karoline Leavitt told reporters. On Wednesday, Trump again suggested the United States might strike Iran in a post on his Truth Social site, with a US military buildup underway in the Middle East. He warned Britain against giving up sovereignty over the Chagos Islands in the Indian Ocean, saying that the archipelago’s Diego Garcia airbase might be needed were Iran not to agre...

Although US President Donald Trump was not slated to appear at today's event, it will include two senators, the CFTC chair, and industry leaders. Lawmakers, Wall Street executives, and cryptocurrency leaders will meet at US President Donald Trump’s private Mar-a-Lago club for a crypto “forum” organized by World Liberty Financial, the company backed by Trump and his sons. Ahead of the event, the price of World Liberty’s WLFI token surged by more than 23%, to about $0.12 from $0.10. Trading volume in the past 24 hours topped $466 million. On Wednesday, the president’s sons, Eric Trump and Donald Trump Jr. — also the co-founders of World Liberty Financial — along with Coinbase CEO Brian Armstrong, BitGo co-founder and CEO Mike Belshe, CFTC Chair Michael Selig and others will gather to discuss crypto-related policy issues at Trump’s Florida property. Read more