U.S. importers still paying Trump’s illegal tariffs even after Supreme Court ruling

Despite Friday’s Supreme Court decision that ruled President Donald Trump’s “reciprocal” tariffs are illegal, U.S. importers are still paying duties on goods entering the country. U.S. Customs and Border Protection (CBP) has yet to update its Cargo System Management Service to remove the duties imposed by Trump under the International Emergency Economic Powers Act (IEEPA). … Read more

As American Girl turns 40, Mattel grapples with bringing dolls into a new era

The original six American Girl historical characters — Kirsten Larson, Samantha Parkington, Molly McIntire, Felicity Merriman, Addy Walker and Josefina Montoya — are displayed at the brand’s flagship store, Luke Fountain The flagship American Girl Place at Rockefeller Center in New York City feels frozen in time. The air smells faintly of vanilla. Young girls … Read more

India delays Washington trade visit as U.S. tariff policy shifts, source tells CNBC

US President Donald Trump (R) and India’s Prime Minister Narendra Modi arrive for a joint press conference at Hyderabad House in New Delhi on February 25, 2020. (Photo by Prakash SINGH / AFP) (Photo by PRAKASH SINGH/AFP via Getty Images) Prakash Singh | Afp | Getty Images India’s trade negotiators will reschedule their planned visit … Read more

Trump to hike global tariffs to 15% from 10%, ‘effective immediately’

President Donald Trump on Saturday said he would increase global tariffs to 15% from 10%, one day after the Supreme Court struck down his “reciprocal” tariffs. The new tariffs will be “effective immediately,” Trump said in a Truth Social post. “I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide … Read more

Supreme Court strikes down Trump tariffs, rebuking president’s signature economic policy

The Supreme Court on Friday struck down a huge chunk of President Donald Trump’s far-reaching tariff agenda, delivering a major rebuke of the president’s key economic policy. The law that undergirds those import duties “does not authorize the President to impose tariffs,” the majority ruled 6-3 in the long-awaited decision. The ruling is a massive … Read more

Trump announces new 10% global tariff after raging over Supreme Court loss

President Donald Trump said Friday he will sign an executive order imposing a new 10% “global tariff,” hours after the Supreme Court struck down his sweeping “reciprocal” import duties in a major rebuke of his trade agenda. The new “Section 122” tariffs will come on top of the existing levies that remain intact following the … Read more

Supreme Court tariff case winner Learning Resources is ‘on the right side of history,’ CEO says

Rick Woldenberg, chief executive officer of Learning Resources, arrives at the U.S. Supreme Court building in Washington, Nov. 5, 2025. Eric Lee | Bloomberg | Getty Images The CEO of Learning Resources said Friday that “we’re excited to stand on the right side of history here” after the Supreme Court ruled in favor of his … Read more

Watch: Trump speaks after Supreme Court strikes down tariffs

[The stream is slated to start at 12:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump on Friday speaking at the White House after the Supreme Court struck down his signature tariff policy. Trump will lead a press briefing at the White House … Read more

House votes to override Trump’s Canada tariffs

U.S. President Donald Trump (R) meets with Canadian Prime Minister Mark Carney in the Oval Office of the White House on October 07, 2025 in Washington, DC. Anna Moneymaker | Getty Images The House on Wednesday passed a resolution disapproving of President Donald Trump’s tariffs against Canada, a blow to Speaker Mike Johnson, R-La., and … Read more

Tariff bills across U.S. states mount as affordability and Trump head for midterm elections showdown

New analysis of U.S. Census data shows that states across the U.S. where key midterm elections will take place this year paid over $134 billion in tariffs in the period since President Donald Trump began implementing widespread trade duties in March 2025 through last November. In all, the U.S. Census data compiled by Trade Partnership … Read more