Liberation Day tariffs
Coverage of Liberation Day tariffs in the Nexus archive.
- Trump bet tariffs would bring back American factory jobs. New report says it didn't work
A new report challenges President Donald Trump's claim that tariffs would revive American manufacturing, stating the policy led to job losses in the sector and slowed nationwide job creation. Tariffs generated significant revenue for the U.S. government but failed to deliver the manufacturing renaissance promised by Trump.
- Court poised to block Trump tariffs again, teeing up new fight
The Court of International Trade showed skepticism toward Trump's use of Section 122 of the Trade Act of 1974 to justify 10% global tariffs, questioning whether long-term trade deficits qualify as the 'large and serious' balance-of-payments crises Congress intended. Legal challenges persist as the court debates the scope of presidential authority under the statute, with implications for Trump's broader trade policies.