Donald Trump, Tariff
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President Donald Trump’s trade deals are illegal, Piper Sandler flatly declares in a new research note. The investment bank analyzed ongoing court battles and legislative authority, and concluded that Trump’s reliance on the International Emergency Economic Powers Act (IEEPA) to impose wide-ranging tariffs and cut bilateral deals far exceeds the powers granted by Congress.
The tariff rate for goods imported into the U.S. from both the Philippines and Indonesia will be 19%, the president said.
President Donald Trump landed in Scotland Friday evening for a five-day visit and delivered two blunt messages for Europe: "stop the windmills" and control immigration, which he said is "killing" the continent.
European Commission President Ursula von der Leyen announced that she is to meet with US President Donald Trump during the weekend in Scotland in a post on Friday, amid fears about the looming tariff cliff.