Latest news with #PresidentTrump
Wall Street Journal
2 hours ago
- General
- Wall Street Journal
Trump List of ‘Sanctuary Jurisdictions' Prompts Pushback
The Trump administration's list of U.S. cities and counties deemed uncooperative with federal immigration laws has sparked confusion from some government officials and backlash from others who say they shouldn't have been included. The list, released Thursday, was riddled with spelling mistakes. It named communities that have been supporters of President Trump's immigration crackdown as well as some that have been critical. It has counties and cities in both red and blue states.
Channel 4
2 hours ago
- Politics
- Channel 4
Hamas agrees to release ten hostages in response to ceasefire plan
With food aid struggling to reach its intended destination and the UN warning of a yet worsening humanitarian situation, the stakes for Gazans could scarcely be higher. Hamas said it had responded 'positively' to the ceasefire proposal presented by President Trump's Middle East envoy Steve Witkoff. But reports in Israel that suggest the government there is treating Hamas's response as an effective rejection.
Wall Street Journal
a day ago
- Business
- Wall Street Journal
Customs Brokers Prepare Refund Claims After Court Ruling
Customs brokers are starting to prepare refund claims for U.S. importers, after a trade court ruled Wednesday that President Trump didn't have the authority to impose sweeping tariffs. Customs brokers, who handle the paperwork to process imports and calculate duties, also handle refunds. They said they are awaiting clarity from U.S. Customs and Border Protection on what is refundable. Importers say they are crossing their fingers.
Reuters
a day ago
- Business
- Reuters
Tariff strike-down widens the US omni-crisis
WASHINGTON, May 29 (Reuters Breakingviews) - The Trump administration's norm-bending ranges from the dismantling of the global trade system to defiance of the co-equal legal apparatus of the U.S. government. An international trade court ruling on Wednesday striking down sweeping tariffs imposed on trading partners threatens to combine these crises. The White House poses levies as a fix for various ills central to its agenda, making this setback critical. The range of possible outcomes now widens significantly, depending in turn on whether legal appeals succeed, how the president responds to them, or if legislators step in. Investors and firms just getting to grips with recent chaos must contend with a new bout of unpredictability. For now, the trade court's ruling, opens new tab leaves the administration 10 days to stop collecting most tariffs imposed thus far, including a 10% global retaliatory duty and separate 'national security' levies imposed on Canada, Mexico, and China. President Trump still retains significant power to ratchet fees back up, and existing tariffs on steel, aluminum and cars are unaffected. The ruling also lays out that a 1974 trade law enables temporary levies of up to 15% for up to 150 days. The administration appealed on Wednesday evening, and the urgency of the matter probably ensures speedy proceedings - after all, the first hearing in this case was just two weeks ago. The Supreme Court, the nation's top legal body, has shown the White House some deference in the past, particularly over the conduct of foreign policy. However, President Trump's response to a case over a wrongfully deported man shows that consequences can continue after pushback. Regular attacks on federal judges set a worrying precedent. It's one that's difficult for investors to price. Stock markets brutalized by Trump's initial tariff barrage had recovered after a series of climbdowns. A trade deal struck with the UK offered at least a hazy blueprint for ending the whipsaw of changeable whims, even if further agreements will be harder. And revenue from levies, reaching an all-time high of $16 billion in April, was one of few sops to concerns about bulging deficits as bond markets squirm over the rest of the president's agenda. All of this is in the air. Negotiators in Europe and elsewhere, for the moment, face a muddled counterparty. Ad hoc attempts to rebuild tariffs will take time and invite a frenzied round of lobbying. Of course, Congress could resolve the legal issue by reasserting its trade authority. The powers Trump enjoys have been delegated to him and could be revoked. Legislation, opens new tab instituting a 60-day review process for new tariffs has budding Republican support in the Senate, where seven members of the president's party have signed on. In the battle between the judicial and executive branches, the best outcome would be for the legislature to break the tie. Follow @Rubinations, opens new tab on X
CBS News
a day ago
- Business
- CBS News
Spirit Halloween says it's canceling its season opening event in Egg Harbor Township due to tariffs
Citing "international disruptions and supply chain challenges," spooky decoration and costume emporium Spirit Halloween announced it is canceling its annual grand opening event, which typically draws a large crowd to the Egg Harbor Township, New Jersey, store in the heat of summer. A statement on the decision was posted on Spirit Halloween's social accounts and While Spirit didn't use the words "tariff" or "tariffs" in the statement, international trade has been disrupted in 2025 after President Trump announced wide-ranging tariffs on goods from almost every foreign country, a move that has caused wild disruptions in the stock market and caused many companies to reassess how they do business. Some Halloween lovers traveled from thousands of miles away for Spirit's 2024 season kickoff event and Chopper 3 showed a line snaking around the store outside. Luckily for Halloween lovers, they plan to bring the event back in 2026. Chopper 3/CBS News Philadelphia Spirit says over 1,500 Halloween stores are on track to open in mid-August despite the grand opening event being off. "The engines are on, and we're full speed ahead," Spirit said. Known for its pop-up stores — the company owns no permanent physical storefronts, according to CBS MoneyWatch — Spirit has been praised for the yearly logistical feat in which it opens hundreds of temporary brick-and-mortar locations months ahead of Halloween, staffs and stocks them, and then disappears once the holiday is over. Spirit Halloween also experimented with "Spirit Christmas" stores in 2024, opening 10 locations across Pennsylvania, New Jersey, New York, Connecticut and Massachusetts.
