TARIFFS

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Jun 02 2025POLITICS

The Tariff Tug-of-War: A Legal Battle Over Trump's Trade Policies

The legal battle over Trump's tariffs took a dramatic turn. A federal appeals court stepped in to temporarily halt a lower court's decision. This move temporarily reinstated the tariffs that Trump had imposed under emergency powers. The U. S. Court of Appeals for the Federal Circuit made this dec

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Jun 02 2025POLITICS

Trade Talks: The Tariff Tussle Continues

The recent court ruling that deemed many of Trump's tariffs illegal has not shaken his team's resolve. The top economic advisors are clear that tariffs are here to stay. This stance could lead to a showdown with China and other nations. The administration is ready to use other legal means to push

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Jun 02 2025POLITICS

Trump and Xi: A Trade Talk Teaser?

The upcoming week is set to be a significant one for global trade. It is expected that the President of the United States will engage in a dialogue with the President of China. This conversation is anticipated to center around the ongoing trade negotiations between the two superpowers. The world

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Jun 01 2025BUSINESS

Canada's Steel Industry Faces Severe Threats from US Tariffs

Canada's steel industry is in a tough spot. The US has doubled tariffs on steel imports from Canada. This move has sparked a lot of anger and worry. The industry is bracing for major job losses and factory slowdowns. Steel is a big deal in Canada. It's a 15 billion dollar industry. It employs 23, 0

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Jun 01 2025BUSINESS

Vermont's Cycling Gear Giant Faces Tariff Turmoil

A small Vermont company, Terry Precision Cycling, is facing a tough challenge. The company's latest innovation, a high-quality bike short, is caught in the middle of a trade war. The short is made from luxurious Italian fabric and designed for ultimate comfort. However, the company imports materi

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Jun 01 2025POLITICS

What Happened This Week in Illinois and Chicago?

The month of May has flown by, and there's a lot to catch up on. Let's dive into the key events that shaped the past week. Lawmakers in Springfield have been working overtime as the spring legislative session wraps up. They're racing against time to finalize a budget without resorting to "broad-bas

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May 31 2025BUSINESS

Retailers Bracing for Price Hikes

It is no secret that trade policies can have a significant impact on the cost of goods. The recent shifts in trade policies have led to a wave of price increases across various retail sectors. This has put many retailers in a tough spot. They must balance the need to protect their profits with th

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May 31 2025BUSINESS

Trade Tensions: EU and Canada React to Rising Steel Tariffs

The European Union and Canada are not happy with a recent move by the United States. The U. S. has decided to double the tariffs on steel imports from 25% to 50%. This decision is causing a lot of uncertainty in the global economy. It also means higher costs for both consumers and businesses on both

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May 31 2025BUSINESS

Steel Tariffs: A New Twist in US Trade Policy

The US is shaking things up again with a major change in steel and aluminum import taxes. Starting this Wednesday, the tariff rate on these imports will jump from 25% to 50%. This move is part of a broader strategy to boost local steel production and reduce dependence on foreign suppliers, particula

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May 31 2025POLITICS

Trump's Tariffs: A Legal Rollercoaster

The legal landscape for President Trump's tariffs has become a complex maze. The recent court decisions have thrown a wrench into the works, leaving many to wonder what comes next. The tariffs, which were a key part of Trump's economic strategy, have faced significant legal challenges. Two federal c

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