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Stock impact report

Trump tariffs live updates: Trump's 10% tariffs in effect as hundreds of companies sue for refunds [Yahoo! Finance Canada]

Steven Madden, Ltd. (SHOO) 
Last steven madden, ltd. earnings: 2/27 06:59 am Check Earnings Report
More than 1,000 companies, including well-known names like Costco ( COST ) and FedEx ( FDX ), have filed lawsuits seeking refunds for the illegal tariffs they paid. However, the process to recoup costs looks murky and could take years to play out. Meanwhile, the president's 10% tariffs under Section 122 of the Trade Act of 1974 went into effect early Tuesday. Trump has subsequently threatened to raise the levy to 15% , and Trump's top trade adviser said the US will look to boost duties to that level on certain countries "where appropriate." European Union lawmakers postponed a vote to ratify the EU's trade deal with the US, saying it needs "full clarity" on Trump's next steps before proceeding. Later, an assessment from the bloc found that Trump's newly instituted tariff likely violates the agreement, though the Trump administration has said the US would look to "accommodate" countries with trade deals. The US trade representative also suggested duties on China would stay near Show less Read more
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