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24.02.26 - 20:48
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The Guardian view on Donald Trump′s tariffs: a nostalgia that misreads a changed world | Editorial (The Guardian)
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The US president fights 1970s battles in a financialised age. America faces not a payments crisis but a slow erosion of industrial and technological powerWhen the US supreme court voted 6-3 last Friday to strike down Donald Trump's tariffs, he was incandescent. Two judges he had elevated – Neil Gorsuch and Amy Coney Barrett – were suddenly recast as traitors to the cause. Both were, he insinuated, under the sway of foreign interests. The court ruled that the tariffs overstepped the powers the US Congress granted under the 1977 International Emergency Economic Powers Act. Mr Trump responded by reaching for a 1974 trade law, invoking “international payments problems” to slap on a 10% tariff for 150 days.Mr Trump was moulded by the 1970s. His political DNA was formed in that era's crises and he governs as if America were still in the Nixon era of shock politics. In some ways there are parallels. The political mobilisation around economic insecurity echoes that period, as does distrust in elite...
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24.02.26 - 20:45
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Trump′s economic moves risk eroding GOP′s working class support (The Hill)
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President Trump's economic moves risk alienating even some of his party's core voters. Trump is heading into his State of the Union on Tuesday with dismal approval ratings that show a reversal of 2024 gains among independents, young voters and Latinos. Now, new polling signals a possible slip in support from the white working class, or white voters without......
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24.02.26 - 20:09
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FedEx Seeks Tariff Refund With Lawsuit Against US (ZeroHedge)
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FedEx Seeks Tariff Refund With Lawsuit Against US
Authored by Jill McLaughlin via The Epoch Times,
FedEx is suing the United States Feb. 23, seeking a full refund on President Donald Trump's emergency tariffs after the U.S. Supreme Court ruled his use of the International Emergency Economic Powers Act (IEEPA) lacked authorization.
The lawsuit, filed in the U.S. Court of International Trade, seeks to recoup all duties paid by FedEx as a result of IEEPA orders and any interest accrued, plus attorney's fees.
The Tennessee-based shipping giant focused its lawsuit mainly on the emergency tariffs imposed on Mexico, Canada, and China, and the 10 percent baseline tariff on all imports to the United States, which went into effect on April 5, 2025.
In the Learning Resources v. Trump case, the Supreme Court ruled Feb. 20 that Trump's tariffs violated the emergency powers law he invoked last year to impose levies on China, Canada, Mexico, and other countries.
Tariffs enacted under other laws were not a...
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24.02.26 - 20:09
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5 Things To Watch At Trump′s State Of The Union Address Tonight (ZeroHedge)
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5 Things To Watch At Trump's State Of The Union Address Tonight
President Trump is set to deliver his first State of the Union address of his second term on Feb. 24, when he is expected to highlight his administration's accomplishments and seize the moment to shore up support for Republicans ahead of the critical 2026 elections.
Historically, the president's party almost always suffers midterm losses, and the House appears especially vulnerable this year.
Trump, eager to reverse the trend, is set to deliver a lengthy speech promoting the policy wins over the past year.
“It's going to be a long speech, because we have so much to talk about,” the president said during an event at the White House on Feb. 23.
In fact, as Polymarket odds show, his speech is expected to last 95 minutes...
The address is scheduled for 9 p.m. ET and will be Trump's second to Congress since returning to office. He previously spoke to a joint session of Congress on March 4 last year. While it was not an officia...
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