Tariff

The U.S. Supreme Court on Tuesday ruled that President Donald Trump exceeded his authority when he imposed a broad set of tariffs that reshaped global trade, dealing a significant blow to a signature tool of his economic agenda and setting off a scramble in Washington and overseas to assess what comes next. Within hours, the White House signaled it would pursue alternative measures to preserve the tariff regime and even expand it. Appearing at a news conference alongside U.S. Solicitor General John Sauer, Trump said an…

DAVOS, Switzerland — U.S. President Donald Trump on Wednesday backed away from threats to slap tariffs on European allies over Greenland, ruled out the use of force and said a framework was emerging for a long-term Arctic security and minerals deal that could defuse one of the sharpest transatlantic disputes in years. Trump said the United States and NATO partners had “formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region,” and, based on that understanding, he would not impose…

Ireland warns Trump tariff threat would ‘rip up’ EU-US trade deal, vows strong response Ireland’s foreign minister said Tuesday that Donald Trump’s threatened tariffs on European allies would “rip up” an EU-US trade deal struck last year and force Brussels to put billions in countermeasures back on the table, as leaders head to the World Economic Forum in Davos. Donald Trump has said he will impose 10% tariffs on eight European allies from 1 February unless they agree to his purchase of Greenland, a semi-autonomous Danish…

European leaders took the stage ahead of Donald Trump at the World Economic Forum in Davos, seeking to present a united front as the U.S. president dangled tariff threats in a bid to pressure the European Union over Greenland. Trump is set to dominate the week at the Swiss ski resort, with a large U.S. delegation already promoting an “America First” agenda that runs against the grain of the global order cherished by the WEF. He will deliver a speech tomorrow and participate in other events on Thursday. European Commission…

LONDON — British Prime Minister Keir Starmer on Sunday condemned threats by former U.S. President Donald Trump to impose new taxes on allied nations, including the United Kingdom, over a dispute involving Greenland, calling the measures “wrong” and a risk to alliance relations. Speaking at a Downing Street news conference, Starmer said he had told Trump directly that the tariff threats were unacceptable and jeopardized transatlantic solidarity at a time when unity among NATO allies matters. He warned that coercive economic…

Trump’s latest tariff threat — a 10% levy on select European nations, rising to 25% by June unless he “gets control of Greenland” — has turned a running spectacle into a high-stakes test of transatlantic relations, Federal Reserve independence and political resolve in Washington. The move over Greenland, paired with a drumbeat of domestic legal offensives, signals not a passing provocation but a strategy designed to force binary outcomes: he wins or he loses, Europe wins or it loses. There is little middle ground left. For…