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Tariffs Explained: What to Expect as Trump Confirms Increase in China Rates [CNET News]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
month ago, markets trembled and business leaders sounded alarms about the economic damage they would cause. Despite recent uncertainties, Trump has continued to barrel forward, doubling the tariffs on steel and aluminum imports , and announcing a new deal that would see the rate against China increase to 55% That all came after Trump's plans hit their biggest roadblock yet in court , when late last month the US Court of International Trade ruled that Trump had overstepped his authority when he imposed tariffs, effectively nullifying the tariffs, after concluding that Congress has the sole authority to issue tariffs and decide other foreign trade matters, and that the International Emergency Economic Powers Act of 1977 -- which Trump has used to justify his ability to impose them -- doesn't grant the president "unlimited" authority on tariffs. The next day, an appeals court allowed the tariffs to go back into effect for the time being, while the administration calls for the Supreme C
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