Particle.news
Download on the App Store
87 ARTICLES
·
3h ago

Appeals Court Reviews Trump’s Emergency Tariffs, India Talks Freeze and Inflation Fears Mount

An ongoing appeals court review of the administration’s emergency-tariff authority has paused trade talks with India after fresh 50% duties, fueling concern over rising consumer prices.

The Port of Oakland saw a sizable surge in imports last month, likely due to companies trying to front load product ahead of expected tariffs.
The Port of Oakland in Oakland had a busy July, and that rate continued into the first week of August.
Image

Overview

  • Nearly 100 trading partners now face reciprocal tariffs averaging 18%, the highest US rate since 1933.
  • The US Court of Appeals has put a lower court’s decision on hold while it examines the administration’s use of the International Emergency Economic Powers Act to impose sweeping duties.
  • After raising India’s tariff rate to 50%, the White House ruled out further bilateral trade talks until the dispute is resolved.
  • President Trump warned on Truth Social that striking down the tariffs could trigger a “1929-style” economic collapse.
  • July revenue from the levies reached $29.6 billion even as economists warn the measures are fueling higher consumer prices and squeezing corporate profit margins.