President Donald Trump said he spoke to left-wing Brazilian President Luiz Inácio Lula da Silva over the phone on Monday, adding that the two leaders agreed to meet &#8220;in the not too distant future.&#8221;
The conversation with Lula focused on the economy and trade, according to the president. In July, Trump imposed a 40% tariff on Brazil, due in part to the country&#8217;s targeting of former President Jair Bolsonaro and its crackdown on speech on social media platforms. The 40% tariff came on top of a 10% baseline tariff that was already in place.
&#8220;This morning, I had a very good telephone call with President Lula, of Brazil. We discussed many things, but it was mostly focused on the Economy, and Trade, between our two Countries. We will be having further discussions, and will get together in the not too distant future, both in Brazil and the United States. I enjoyed the call — Our Countries will do very well together!&#8221; the president <a href="https://truthsocial.com/@realDonaldTrump/posts/115328193599837767">wrote</a> in a post on Truth Social.
During the 30-minute call, Lula asked Trump to remove the 40% tariff on Brazilian goods, Reuters <a href="https://www.reuters.com/world/americas/brazils-lula-trump-hold-video-call-says-source-2025-10-06/">reported</a>. Brazil <a href="https://tradingeconomics.com/brazil/exports/united-states">exported</a> around $40 billion worth of goods to the United States in 2024, with crude petroleum being the top product. The South American country is hoping to negotiate with Trump to bring the tariff rate down, and Brazilian officials said the phone call was &#8220;positive&#8221; and &#8220;better than expected.&#8221;
The conversation between Trump and Lula was held one month after Lula raged against the Trump administration&#8217;s trade policies, arguing, &#8220;Tariff blackmail is being normalized as a tool for conquering markets and interfering in domestic issues.&#8221;
<a href="https://get.dailywire.com/subscribe/plus/?utm_campaign=fall40&amp;utm_content=fallsale&amp;utm_medium=website&amp;utm_source=editorial" target="_blank" rel="noopener">Get 40% off new DailyWire+ annual memberships with code FALL40 at checkout</a>
Lula added that BRICS nations — Brazil, Russia, India, China, and South Africa — have become &#8220;victims of unjustified and illegal trade practices.&#8221; Trump has recently used tariffs to put increased pressure on Brazil and India. For India, Trump wants the country to stop purchasing oil and military equipment from Russia as he seeks to bring an end to Russia&#8217;s war against Ukraine. For Brazil, the president wants the country&#8217;s leftist politicians and judges to end their attacks on elections and free speech.
In July, Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114825119138468153">blasted</a> Brazil&#8217;s &#8220;insidious attacks on Free Elections, and the fundamental Free Speech Rights of Americans.&#8221; The Trump administration also sanctioned Brazilian Supreme Federal Court Justice Alexandre de Moraes, <a href="https://www.dailywire.com/news/extraordinary-threat-trump-unleashes-on-brazil-with-massive-tariff-sanctions-on-extremist-judge">arguing</a> that Brazil poses an “unusual and extraordinary threat” to U.S. national security. Moraes has been accused of suppressing political dissent and approving politically motivated police raids and bank account freezes.
After the contentious 2022 election, Moraes led the trial against Bolsonaro, who was accused of plotting to overthrow the government. Trump has defended Bolsonaro and called the trial a &#8220;WITCH HUNT.&#8221; Moraes also voted in favor of upholding a nationwide ban on Elon Musk’s social media platform, X, and holding social media companies liable for users&#8217; posts.

Donald Trump/Lula da Silva

Trump To Meet With Left-Wing President After Blasting Country’s ‘Insidious Attacks’ On Free Speech

Brazil

Donald Trump

Economy

Tariffs

U.S.

President Donald Trump on Monday vowed to impose a 100% tariff on films made outside of the United States.
“Our movie making business has been stolen from the United States of America, by other Countries, just like stealing ‘candy from a baby.’ California, with its weak and incompetent Governor, has been particularly hard hit! Therefore, in order to solve this long time, never ending problem, I will be imposing a 100% Tariff on any and all movies that are made outside of the United States,” the president shared in a Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/115287691323395767">post</a>.
This is not the first time Trump has promised a 100% tariff on films produced outside of the United States. In May, Trump <a href="https://www.dailywire.com/news/trump-says-movie-industry-is-dying-puts-plan-in-place-to-save-it">said</a> he had authorized administration officials “to immediately begin the process of instituting a 100% Tariff on any and all Movies coming into our Country that are produced in Foreign Lands.”
At the time, Trump said Hollywood was dying a “very fast death,” calling incentives from other countries to produce movies outside of the United States “a national security threat.” 
“Other Countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas within the U.S.A., are being devastated,” Trump said in May. “WE WANT MOVIES MADE IN AMERICA, AGAIN!”
Shortly after his initial announcement, the Democratic mayor of Los Angeles, Karen Bass, issued an executive order aimed at reducing bureaucratic hurdles and facilitating easier filming in the city.
“We are going to fight now,” Bass said at the time, as The Daily Wire previously <a href="https://www.dailywire.com/news/weeks-after-trumps-film-tariff-l-a-mayor-issues-order-to-bring-productions-back-to-hollywood">reported</a>. “While we push for the tax credits to be passed in Sacramento, we need to do what we can today to impact building in Los Angeles.”
“The City is taking bold action to support our legacy industry,” she continued. “Keeping entertainment production in L.A. means keeping good-paying jobs in L.A., and that’s what we are fighting for.”

Trump Says He’s Imposing 100% Tariff On Movies Made Outside United States

Trump Says He's Imposing 100% Tariff On Movies Made Outside Of The US

California

Entertainment

Executive

Gavin Newsom

Hollywood

Politics

The Trump administration on Monday cracked down on companies in China and other countries that use subsidiaries or other foreign affiliates to get around curbs on chipmaking equipment and other goods and technology.
The Commerce Department issued a new rule expanding its restricted export list, known as the Entity List, to automatically include subsidiaries owned 50 percent or more by a company on the list, according to a posting in the U.S. Federal Register. The action greatly increases the number of companies that require licenses to receive American goods and services.
The rule is likely to disrupt supply chains. It will also make it more difficult for companies to determine whether exports to a customer or supplier are restricted. According to the rule, certain transactions may be allowed for 60 days.
China&#8217;s Commerce Ministry strongly criticized the rule.
&#8220;This move by the U.S. is extremely egregious in nature,&#8221; the ministry said in a statement. &#8220;It seriously infringes upon the legitimate rights and interests of the affected enterprises, severely disrupts international economic and trade order and gravely undermines the security and stability of global industrial and supply chains.&#8221;
<a class="c-link" href="https://get.dailywire.com/subscribe/plus/?utm_campaign=fall40&amp;utm_content=fallsale&amp;utm_medium=website&amp;utm_source=editorial" target="_blank" rel="noopener noreferrer" data-stringify-link="https://get.dailywire.com/subscribe/plus/?utm_campaign=fall40&amp;utm_content=fallsale&amp;utm_medium=website&amp;utm_source=editorial" data-sk="tooltip_parent">Get 40% off new DailyWire+ annual memberships with code FALL40 at checkout!</a>
The timing of the rule&#8217;s release is somewhat surprising, given that the U.S. and China are in the midst of trade talks. The action strengthens export controls on China, a contrast to the U.S.&#8217;s recent loosening of controls on AI chips to China, like Nvidia&#8217;s H20.
If a company is owned 50 percent or more by an entity on the list, licenses will be required for U.S. exporters to ship goods or technology to the subsidiary, just as they are for listed entities, with many licenses likely to be denied.
The affiliates rule is similar to the &#8220;50 percent rule&#8221; for entities sanctioned by the Treasury Department&#8217;s Office of Foreign Assets Control.
The Commerce Department did not respond to a request for comment.
Though companies around the world are on the Entity List, the change will most significantly impact Chinese entities, experts said. Factories that produce legacy chips and are affiliated with listed companies may be captured, as well as other sectors, including aircraft, they said.
Chinese tech giant Huawei, video surveillance company Hikvision, and drone manufacturer DJI are three examples of companies that may be impacted, one expert said. Many Huawei subsidiaries are already on the list, but not all.
An analysis by Kharon, a Los Angeles-based data and analytics company, found the expected rule could pull thousands of hidden subsidiaries in nearly 100 destinations around the world into &#8220;export-control crosshairs.&#8221;
&#8220;While Russia and China account for the majority of subsidiaries tied to already-listed entities, Kharon&#8217;s analysis uncovered that hundreds more are located in major trade and finance hubs &#8211; including the EU, the United States, the UK, Singapore, Switzerland, Japan, Canada, Australia and India,&#8221; the company said in a brief in June in anticipation of the rule.
(Reporting by Karen Freifeld. Additional reporting by the Beijing newsroom. Editing by Doina Chiacu, Chris Sanders, William Maclean)

Bahrain’s King Hamad Al Khalifa Visits China

Trump Admin Expands Export Blacklist In Crackdown On China

China

trade

Trump Administration

Xi Jinping

The economy performed better in the second quarter of 2025 than previously projected, according to revised statistics released Thursday by the U.S. Bureau of Economic Analysis. 
The second quarter (April, May, and June) saw a 3.8% increase in gross domestic product, according to the latest revision. Previously released estimates for growth initially came in at 3% and then at 3.3%. 
“The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending,” the bureau <a href="https://www.bea.gov/news/2025/gross-domestic-product-2nd-quarter-2025-third-estimate-gdp-industry-corporate-profits">said</a>. “These movements were partly offset by decreases in investment and exports.”
The bureau attributed the increase in GDP primarily to a rise in consumer spending. In the first quarter, GDP declined 0.6% after a surge in imports. 
Sectors that saw significant growth in the second quarter included finance and insurance, information, nondurable goods manufacturing, real estate, healthcare, mining, wholesale trade, and construction. Retail trade, federal government, educational services, and local government all saw declining productivity. 
The White House celebrated the revisions, saying that they reflected the success of President Donald Trump’s economic policies. 
“America’s economic resurgence under President Trump continues: revised data show even stronger real GDP growth of 3.8 percent in Q2 2025 thanks to the Trump agenda of tax cuts, deregulation, tariffs, and energy abundance. And this is just the beginning: new data from today also shows core capital goods orders beat expectations, paving the way for robust investment growth in Q3,” <a href="https://x.com/KushDesai47/status/1971208450311958919">said</a> White House Deputy Press Secretary Kush Desai. 
<blockquote class="twitter-tweet">
America’s economic resurgence under President Trump continues: revised data show even stronger real GDP growth of 3.8 percent in Q2 2025 thanks to the Trump agenda of tax cuts, deregulation, tariffs, and energy abundance. And this is just the beginning: new data from today also… <a href="https://t.co/aXvf7CKDLo">https://t.co/aXvf7CKDLo</a>
— Kush Desai (@KushDesai47) <a href="https://twitter.com/KushDesai47/status/1971208450311958919?ref_src=twsrc%5Etfw">September 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
“President Trump pledged to Make America Wealthy Again, and with Joe Biden’s inflation crisis tamed, we are now laying the groundwork for a long-term restoration of American Greatness,” Desai added. 
Numbers from the Bureau of Labor Statistics <a href="https://www.dailywire.com/news/real-progress-here-wholesale-inflation-drops-in-august-stunning-economists?author=Zach+Jewell&amp;category=News&amp;elementPosition=undefined&amp;row=0&amp;rowType=Vertical+List&amp;title=‘Real+Progress+Here’%3A+Wholesale+Inflation+Drops+In+August%2C+Stunning+Economists">released</a> earlier this month showed that inflation dropped significantly in August, below what economists had expected. The agency reported that the Producer Price Index (PPI) came in at 2.6% year-over-year, far below the 3.3% rise that was forecasted, according to Barron’s.

President Trump Departs Morristown Airport En Route To Washington, DC

U.S. Economy Smashed Q2 Forecasts As Shoppers Went On A Spending Spree

Economics

Inflation

Wholesale prices dropped in August, coming in significantly below what economists had expected, and led to a new record high for the S&amp;P 500 on Wednesday.
The Bureau of Labor Statistics reported that the Producer Price Index (PPI) came in at 2.6% year-over-year, far below the 3.3% rise that was forecasted, according to <a href="https://www.barrons.com/articles/ppi-wholesale-inflation-data-august-83ddcabb">Barron’s</a>. Wholesale prices dropped 0.1% on a monthly basis, which was also better than what economists were expecting, with the Dow Jones predicting a 0.3% rise, CNBC <a href="https://www.cnbc.com/2025/09/10/ppi-inflation-august-2025-.html">reported</a>.
“Boy, I’m surprised — real progress here! 2.6% on year-over-year headline. We were expecting 3.3%!” <a href="https://x.com/RapidResponse47/status/1965761591179182133">said</a> CNBC’s Rick Santelli.
CNBC host Becky Quick <a href="https://x.com/RapidResponse47/status/1965762391620391046">added</a> that the inflation report was “a real shocker.”
The White House took a victory lap after the report from the Bureau of Labor Statistics, blasting “the so-called ‘experts’” who had predicted for months that President Donald Trump’s wide-ranging tariffs would cause prices to skyrocket.
“The latest PPI report shows there is no inflation — wholesale prices fell and smashed economists’ expectations. President Trump has defeated Joe Biden’s inflation crisis while successfully implementing powerful tariffs, which haven’t hiked prices like the so-called ‘experts’ claimed,” said White House Press Secretary Karoline Leavitt. “This is yet another reason for Jerome ‘Too Late’ Powell to cut the rates immediately to make everyday life more affordable for Americans.”
In July, the PPI increased by 0.7%, which was the highest month-over-month increase since Trump took office for his second term in January.
The S&amp;P 500 surged to a new record high, climbing another 0.4% after the report came out on Wednesday, according to <a href="https://www.cnbc.com/2025/09/09/stock-market-today-live-updates.html">CNBC</a>. Computer software company Oracle led the S&amp;P 500 rally, gaining 40% after the company released a surprising forecast, <a href="https://finance.yahoo.com/news/oracle-stock-soars-after-ceo-says-ai-fueled-cloud-revenue-set-to-jump-to-144-billion-154530523.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAI1-i2sXMCo1_r6MGzX2KKW5v4fhoklORnC7L3nznCj71xQWTri54REsRQfjHKpN96sIT2D3X-mIe33cajfQNBG95b7PFPsaXSKelDPTr0nuCMK9FI1ly6yzT1YndXcDiYnJomDW8MBy2nenY0lb0OflSZ1kRI-fPMkS8cSzcexB" target="_blank" rel="noopener">stating</a> that it expects AI-fueled revenue to reach $144 billion by its 2030 fiscal year.
The August inflation report was published just one week before the Federal Reserve Board of Governors meets for its September gathering, as signs indicate that policymakers may lower interest rates after months of pressure from Trump. Fed Chair Jerome Powell <a href="https://www.dailywire.com/news/fed-chair-jerome-powell-hints-at-possible-rate-cut-wall-street-cheers">hinted</a> last month that a rate cut could happen under current economic conditions.
Prices under Trump’s tariffs have continued to defy predictions from economists as American consumers have seen little to no effect on overall prices after the president imposed duties on dozens of countries, including America’s top trading partners. The tariffs, however, will be <a href="https://www.dailywire.com/news/scotus-agrees-to-hear-case-on-trumps-tariffs-after-admin-asks-for-swift-action">considered</a> by the Supreme Court, as the administration warns that a ruling striking down the tariffs would have “ruinous” consequences for the U.S. economy.

‘Real Progress Here’: Wholesale Inflation Drops In August, Stunning Economists

Stock Market

The Supreme Court on Tuesday agreed to quickly take up a case on President Donald Trump&#8217;s wide-ranging tariffs, setting up a major decision on one of the biggest policies of Trump&#8217;s second term, NBC News <a href="https://www.nbcnews.com/politics/supreme-court/supreme-court-agrees-consider-whether-trumps-tariffs-are-legal-rcna229069">reported</a>.
The Supreme Court will hear the case after the U.S. Court of Appeals for the Federal Circuit ruled late last month that Trump overstepped his authority under the International Emergency Economic Powers Act (IEEPA) to impose tariffs on imports from dozens of countries. Last week, the Trump administration <a href="https://www.dailywire.com/news/trump-asks-scotus-to-take-swift-action-to-save-his-tariffs">asked</a> the Supreme Court to begin hearing arguments in the case as soon as November, arguing that the Appeals Court&#8217;s decision “gravely undermines the President’s ability to conduct real-world diplomacy and his ability to protect the national security and economy of the United States.”
The Supreme Court agreed to enter a streamlined process and will begin hearing oral arguments the first week of November.
Treasury Secretary Scott Bessent <a href="https://www.dailywire.com/news/supreme-court-ruling-against-trump-tariffs-could-trigger-1-trillion-economic-disaster-bessent-warns">warned</a> on Monday that if Trump&#8217;s tariffs are stopped, the United States would have to refund around $1 trillion to importers, a development that Bessent said would &#8220;cause significant disruption&#8221; to the U.S. economy. U.S. Solicitor General D. John Sauer agreed, saying, “With tariffs, we are a rich nation; without tariffs, we are a poor nation… The economic consequences would be ruinous.”
Trump also blasted the decision from the Appeals Court, arguing that “it would be a total disaster for the Country” if his tariffs were rescinded.
“If allowed to stand, this Decision would literally destroy the United States of America,” he added.
The Appeals Court delayed implementation of its order until October 14, giving the Trump administration time to appeal to the Supreme Court.
Many of Trump&#8217;s tariffs went into effect in early August before the the U.S. Court of Appeals stepped in and ruled that Trump does not have the authority to impose them. The Appeals Court ruled, “Absent a valid delegation by Congress, the President has no authority to impose taxes. Given these considerations, we conclude Congress, in enacting IEEPA, did not give the President wide-ranging authority to impose tariffs of the nature of the Trafficking and Reciprocal Tariffs simply by the use of the term ‘regulate … importation.’”
“The core Congressional power to impose taxes such as tariffs is vested exclusively in the legislative branch by the Constitution,” the court added.
The issue centers on the IEEPA, which was enacted in 1977 and allows the president to impose tariffs on any import to the United States after declaring a national emergency. On April 2, Trump “<a href="https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/" target="_blank" rel="noopener">declared</a> that foreign trade and economic practices have created a national emergency,” adding that he would impose “responsive tariffs to strengthen the international economic position of the United States and protect American workers.”
If Trump loses at the Supreme Court, his administration has been looking into other ways to impose tariffs, NBC News <a href="https://www.nbcnews.com/politics/trump-administration/white-house-exploring-keep-trumps-tariffs-supreme-court-strikes-rcna229175">reported</a>. Trump could rely on laws under the Trade Expansion Act of 1962, which gives the president power to levy some tariffs. Some of the president&#8217;s tariffs already in effect fall under this law and would not be affected by a Supreme Court decision shooting down Trump&#8217;s tariffs under the IEEPA.

SCOTUS Agrees To Hear Case On Trump’s Tariffs After Admin Asks For ‘Swift’ Action

Courts

Supreme Court

Treasury Secretary Scott Bessent warned that the U.S. could be on the hook for a staggering $1 trillion in tariff refunds if the Supreme Court sides against President Trump’s trade agenda — a decision that could cripple the Treasury and kneecap America’s economic leverage.
At the heart of the legal battle is the Trump administration’s broad use of tariffs under the International Emergency Economic Powers Act (IEEPA), particularly the so-called “reciprocal tariffs” that have imposed sweeping levies on imports. Two lower courts have declared the tariffs unconstitutional, contending they overstepped executive authority and amounted to taxation without congressional approval.
Bessent made it clear: If the Supreme Court rules against the administration, the U.S. government will be forced to refund as much as $1 trillion to importers, a move he called “terrible” for the Treasury and the economy, the New York Post <a href="https://nypost.com/2025/09/09/business/us-could-be-forced-to-refund-1-trillion-if-supreme-court-overturns-trumps-tariffs/">reported</a>.
“We’d have to do it,” Bessent <a href="https://www.nbcnews.com/meet-the-press/meet-press-september-7-2025-n1312693">told</a> NBC’s “Meet the Press” on Sunday. “But it would be terrible.”
According to court filings, the administration has already collected tens of billions in tariff revenue since Trump’s “Liberation Day” in April, with $30 billion in July alone, a 242% spike year-over-year. The total potentially owed could reach up to $1 trillion if the Supreme Court delays action.
Bessent did not mince words about the dangers of reversing the tariffs. “Unwinding them could cause significant disruption,” he said, emphasizing that economic benefits such as record stock market highs, increased capital expenditures, and strong GDP growth are largely due to the Trump tariff strategy.
Solicitor General D. John Sauer echoed Bessent, writing: “With tariffs, we are a rich nation; without tariffs, we are a poor nation… The economic consequences would be ruinous.”
Bessent was pressed repeatedly on “Meet the Press” on whether the administration would honor the court’s ruling if the tariffs were struck down.
“I mean, there’s no ‘be prepared,’” he said. “If the court says it, we’d have to do it.”
He cautioned that such a refund would not only harm the nation financially but also undermine the U.S. negotiating position globally, slow the progress made on rebalancing trade, and potentially reverse the economic momentum Trump has established.
Bessent dismissed complaints from corporations like John Deere and Nike, who blame the tariffs for profit losses and layoffs, calling them cherry-picked examples. He emphasized that Treasury is hearing a “record amount” of positive feedback from companies that support the tariffs.
Bessent rejected claims from Goldman Sachs and The New York Times that consumers are bearing the brunt, insisting that many foreign manufacturers are “eating the tariffs,” and that American economic strength is a direct result of the policy.
“This isn’t about the dollars,” Bessent said. “This is about balance. The dollars are an after amount.”
Bessent and President Trump see the court battle not just as a legal fight, but as a referendum on America’s right to defend its economic sovereignty.

US Treasury Secretary Scott Bessent Interview

Supreme Court Ruling Against Trump Tariffs Could Trigger $1 Trillion Economic Disaster, Bessent Warns

Bessent Warns Supreme Court Ruling Against Trump Tariffs Could Trigger $1 Trillion Economic Disaster

Scott Bessent

The Trump administration urged the Supreme Court on Wednesday to quickly review a lower court ruling that <a href="https://www.dailywire.com/news/appeals-court-strikes-down-sweeping-trump-tariffs-setting-up-battle-at-supreme-court">invalidated</a> the president’s tariffs.
President Donald Trump wants the Supreme Court to begin hearing arguments in the case as soon as November, a major request for the justices who typically wait until as late as next summer to make a decision, CNBC <a href="https://www.cnbc.com/2025/09/03/trump-tariffs-trade-supreme-court.html">reported</a>. The Trump administration argues that the 7-4 U.S. Court of Appeals ruling “gravely undermines the President’s ability to conduct real-world diplomacy and his ability to protect the national security and economy of the United States.”
&#8220;That decision casts a pall of uncertainty upon ongoing foreign negotiations that the President has been pursuing through tariffs over the past five months, jeopardizing both already-negotiated framework deals and ongoing negotiations,&#8221; the administration added in its filing. &#8220;Few cases have so clearly called out for this Court’s swift resolution.&#8221;
Last week, the U.S. Court of Appeals for the Federal Circuit ruled that Trump overstepped his authority under the International Emergency Economic Powers Act (IEEPA) to levy tariffs.
“Absent a valid delegation by Congress, the President has no authority to impose taxes. Given these considerations, we conclude Congress, in enacting IEEPA, did not give the President wide-ranging authority to impose tariffs of the nature of the Trafficking and Reciprocal Tariffs simply by the use of the term ‘regulate … importation,’” the ruling stated.
“The core Congressional power to impose taxes such as tariffs is vested exclusively in the legislative branch by the Constitution,” the court added.
The <a href="https://www.congress.gov/crs-product/R45618">IEEPA</a>, enacted in 1977, allows the president to impose tariffs on any import to the United States after declaring a national emergency. On April 2, Trump &#8220;<a href="https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/">declared</a> that foreign trade and economic practices have created a national emergency,&#8221; adding that he would impose &#8220;responsive tariffs to strengthen the international economic position of the United States and protect American workers.&#8221;
The appeals court delayed implementation of its order until October 14, giving the Trump administration time to appeal to the Supreme Court. If the ruling goes into effect, Trump&#8217;s sweeping &#8220;Liberation Day&#8221; tariffs that hit numerous countries around the world would be rescinded, dealing a significant blow to one of the president&#8217;s top priorities during his second term.
Attorney Jeffrey Schwab, whose libertarian-leaning firm Liberty Justice Center represented the plaintiffs in the case, said he is &#8220;confident&#8221; that the legal arguments against Trump&#8217;s tariffs &#8220;will prevail.&#8221;
&#8220;Both federal courts that considered the issue agreed that IEEPA does not give the President unchecked tariff authority,&#8221; Schwab said. A federal trade court also ruled in May that Trump did not have the authority to impose his &#8220;Liberation Day&#8221; tariffs.
Trump ripped the “Highly Partisan Appeals Court” following the decision last week, arguing that &#8220;it would be a total disaster for the Country&#8221; if his tariffs were rescinded.
&#8220;If allowed to stand, this Decision would literally destroy the United States of America,&#8221; he added.

Trump Asks SCOTUS To Take ‘Swift’ Action To Save His Tariffs

WASHINGTON (Reuters) -U.S. President Donald Trump said on Monday that India has offered to reduce its tariffs on U.S. goods to zero, even as Indian Prime Minister Narendra Modi was making public shows of solidarity with Chinese and Russian leaders in the face of trade pressure from Washington.
While calling the U.S. relationship with India &#8220;one sided,&#8221; Trump wrote on his Truth Social platform: &#8220;They have now offered to cut their Tariffs to nothing, but it’s getting late. They should have done so years ago.&#8221;
The Indian Embassy in Washington did not immediately respond to Trump&#8217;s comments, which follow the implementation of total duties as high as 50% on Indian goods that have raised questions about the future of the U.S.-India relationship.
Trump&#8217;s remark came as Modi was in China for a summit of more than 20 leaders of non-Western countries of the Shanghai Cooperation Organisation, a China-backed initiative given renewed impetus by Trump&#8217;s global tariff offensive.
At the summit, Chinese President Xi Jinping pressed his vision for a new global security and economic order that prioritizes the &#8220;Global South,&#8221; in a direct challenge to the U.S.
The U.S.-India relationship has strengthened in recent years, including during Trump&#8217;s first term, given shared concerns about China&#8217;s growing power, but Trump threatened the tariffs on India after it refused to stop buying Russian oil in defiance of his efforts to end Moscow&#8217;s war in Ukraine.
In China, in an image designed to convey solidarity, Putin and Modi were shown holding hands as they walked jovially toward Xi before the summit opened. The three men stood shoulder-to-shoulder, laughing and surrounded by interpreters.
Beijing has used the summit to mend ties with New Delhi. Modi, visiting China for the first time in seven years, and Xi agreed on Sunday their countries are development partners, not rivals, and discussed ways to improve trade.
The U.S. State Department and White House did not immediately respond to requests for comment on the meetings in China.
(Reporting by Jasper Ward and David Brunnstrom; editing by Scott Malone, Rod Nickel)

FILE PHOTO: Indian Prime Minister Narendra Modi meets with U.S. President Donald Trump at the White House

Trump Says His Tough Trade Stance Is Working In Stand-Off With India

India

Trade War

A federal appeals court on Friday ruled against many of President Donald Trump’s tariffs, saying the president abused his authority under the emergency powers he cited to enact them.
The U.S. Court of Appeals for the Federal Circuit <a href="https://storage.courtlistener.com/recap/gov.uscourts.cafc.23105/gov.uscourts.cafc.23105.159.0_1.pdf">ruled</a> 7-4 that Trump overstepped his authority under the International Emergency Economic Powers Act (IEEPA). While the court struck down most of Trump’s sweeping tariff regime, it delayed implementation of its order until October 14 to give time for the administration to appeal the ruling to the Supreme Court.
“We are unpersuaded by the Government’s argument that it is ‘particularly inappropriate to construe narrowly a delegation of power in the arena of foreign affairs and national security,’” the court wrote. “While the President of course has independent constitutional authority in these spheres, the power of the purse (including the power to tax) belongs to Congress.”
“Absent a valid delegation by Congress, the President has no authority to impose taxes. Given these considerations, we conclude Congress, in enacting IEEPA, did not give the President wide-ranging authority to impose tariffs of the nature of the Trafficking and Reciprocal Tariffs simply by the use of the term ‘regulate … importation,’” the ruling states.
The decision sets up the possibility that the United States may have to pay back billions of dollars of duties that have been taken in under Trump’s tariff regime, according to <a href="https://www.politico.com/news/2025/08/29/federal-appeals-court-strikes-down-major-chunk-of-trumps-tariffs-00537643">Politico</a>.
<a href="https://get.dailywire.com/subscribe/plus/?utm_campaign=summer&amp;utm_content=editorialsummersale&amp;utm_medium=website&amp;utm_source=editorial" target="_blank" rel="noopener">End of Summer Sale – Get 40% off New DailyWire+ Annual Memberships</a>
The ruling could nullify sweeping tariffs the president placed on dozens of countries as part of his Liberation Day tariff announcement. It would also rescind tariffs that Trump has unilaterally placed on Canada, China, and Mexico during ongoing negotiations around immigration and drug trafficking.
Trump responded to the ruling in a <a href="https://truthsocial.com/@realDonaldTrump/posts/115114339832960282">post</a> on Truth Social, blaming a “Highly Partisan Appeals Court” for an “incorrectly” decided case. The president said that “it would be a total disaster for the Country” if his tariffs were canceled.
“The U.S.A. will no longer tolerate enormous Trade Deficits and unfair Tariffs and Non Tariff Trade Barriers imposed by other Countries, friend or foe, that undermine our Manufacturers, Farmers, and everyone else,” wrote Trump. “If allowed to stand, this Decision would literally destroy the United States of America.”
The appeals court ruling follows a ruling from a federal trade court in May that found similarly that Trump had overstepped his bounds in invoking the IEEPA.
The appeals court ruling noted that never before had the IEEPA been invoked to impose tariffs on imports.
“The invocation of IEEPA to impose tariffs on nearly every country in the world is undoubtedly a significant departure from these previous invocations,” it said, before adding that the lack of precedent is an indication that the president may have overstepped.

Appeals Court Strikes Down Sweeping Trump Tariffs, Setting Up Battle At Supreme Court

Federal Court Strikes Down Sweeping Trump Tariffs, Setting Up Battle At Supreme Court

President Donald Trump warned Monday that countries imposing digital taxes on American tech companies will face significant tariffs if they don&#8217;t remove them.
Without naming a specific country, Trump said that some nations had given a “complete pass” to China’s tech companies while penalizing American competitors. Some countries, like Canada and India, have already backed away from digital taxes after pressure from the Trump administration. 
“As the President of the United States, I will stand up to Countries that attack our incredible American Tech Companies. Digital Taxes, Digital Services Legislation, and Digital Markets Regulations are all designed to harm, or discriminate against, American Technology,” Trump wrote on Truth Social. 
“This must end, and end NOW! With this TRUTH, I put all Countries with Digital Taxes, Legislation, Rules, or Regulations, on notice that unless these discriminatory actions are removed, I, as President of the United States, will impose substantial additional Tariffs on that Country&#8217;s Exports to the U.S.A., and institute Export restrictions on our Highly Protected Technology and Chips,” he added. “America, and American Technology Companies, are neither the ‘piggy bank’ nor the ‘doormat’ of the World any longer. Show respect to America and our amazing Tech Companies or, consider the consequences!”
<a href="https://get.dailywire.com/subscribe/plus/?utm_campaign=summer&amp;utm_content=editorialsummersale&amp;utm_medium=website&amp;utm_source=editorial" target="_blank" rel="noopener">End of Summer Sale – Get 40% off New DailyWire+ Annual Memberships</a>
In June, Canada <a href="https://www.dailywire.com/news/canada-caves-digital-tax-on-u-s-tech-scrapped-after-trump-pressure">rescinded</a> its Digital Service Tax as part of ongoing trade negotiations with the United States. The tax would have hit American tech companies like Amazon, Google, Meta, and Apple hard, and could have cost American businesses up to $2.3 billion annually. 
India also <a href="https://www.reuters.com/world/india/india-proposes-remove-equalisation-levy-digital-services-government-source-says-2025-03-25/">backed away</a> from a 6% digital advertising tax in April after pressure from American officials. 
Many European countries, like France and Switzerland, have <a href="https://taxfoundation.org/data/all/eu/digital-services-taxes-europe/" target="_blank" rel="noopener">implemented</a> digital taxes, while others, like Belgium and the Netherlands, are considering implementing them. France taxes major tech companies 3% on revenue from digital services and targeted advertising. 
In the trade deal between the European Union and the United States, both entities agreed to address “unjustified digital trade barriers.” 
“In that respect, The European Union confirms that it will not adopt or maintain network usage fees,” the framework said. “The United States and the European Union will not impose customs duties on electronic transmissions.”
It is unclear if the agreement will address digital service taxes.

President Trump Signs Executive Orders In The Oval Office Of The White House

Trump To Foreign Governments: Drop Taxes On Big Tech Or Face ‘Consequences’

Trump To Foreign Governments: Drop Taxes On Big Tech Or Face 'Consequences'

European Union

Taxes

Technology

President Donald Trump said on Friday his administration will conduct a &#8220;major&#8221; tariff investigation on furniture entering the United States, a step toward imposing higher duties on a sector already seeing tariff-fueled price increases.
&#8220;Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined,&#8221; Trump said in a post on Truth Social.
Furniture retailer RH &#8212; previously known as Restoration Hardware &#8212; shares fell 7.5% in after-hours trading on Trump&#8217;s announcement.
Trump said the investigation will be completed within the next 50 days but other national security probes have taken significantly longer than that. A White House official confirmed that it would be conducted under the Section 232 national security statute.
The probe could serve as a backstop legal basis for existing tariffs if a federal appeals court strikes down &#8220;reciprocal&#8221; duties that Trump imposed on a broad range of U.S. trading partners in April, as well as import taxes imposed in February against China, Canada and Mexico.
&#8220;This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union,&#8221; Trump said.
Furniture and wood products manufacturing &#8212; which employed 1.2 million people in 1979 &#8212; has fallen from 681,000 in 2000 to 340,000 today, according to government statistics.
<a href="https://get.dailywire.com/subscribe/plus/?utm_campaign=summer&amp;utm_content=editorialsummersale&amp;utm_medium=website&amp;utm_source=editorial" target="_blank" rel="noopener">End of Summer Sale – Get 40% off New DailyWire+ Annual Memberships</a>
The United States imported about $25.5 billion in furniture in 2024, up 7% over 2023, with about 60% of those imports coming from Vietnam and China, according to Furniture Today, a trade publication.
New tariffs on imports from furniture-producing countries helped push up consumer prices for home furnishings by a steep 0.7% in July, according to Commerce Department data, though overall consumer price inflation was restrained by lower gasoline prices.
The American Home Furnishings Alliance, a trade group representing domestic furniture manufacturers and importers, including many companies that do both, had no immediate comment on Trump&#8217;s announcement.
But the High Point, North Carolina-based AHFA in April led an industry coalition in opposing new tariffs under Trump&#8217;s ongoing Section 232 investigation into lumber and wood products imports.
&#8220;As a strictly legal matter, there is no rational relationship between imports of wood products or furniture and the national security of the United States,&#8221; the group said in written comments to the Commerce Department.
&#8220;Second, no amount of tariffs will bring back American furniture manufacturing back to its prior levels. Tariffs will harm manufacturing still being done in the United States.&#8221;
Furniture would be the latest imported products targeted for a national security investigation by the Trump administration. On Thursday, it announced a national security probe into imported wind turbines and has previously targeted copper and other metals.
The department has opened numerous probes into the national security ramifications of imports of airplanes, semiconductors, pharmaceuticals, heavy trucks, timber and lumber, critical minerals and drones.
The European Union won some relief from these potential new Section 232 tariffs as part of a joint statement on Thursday fleshing out their trade deal. The two sides agreed to limit any new U.S. tariffs on EU pharmaceuticals, lumber and semiconductors to the general 15% rate applied to most products from the bloc and will shield EU aircraft and parts, generic pharmaceuticals and drug chemical precursors from all new tariffs.
(Reporting by Ismail Shakil and Bhargav Acharya; editing by Ryan Patrick Jones, Caitlin Webber and Diane Craft)

Carpenter

Trump On Tariff Investigation Into Furniture Imports: Bring ‘Business Back’ To U.S.

Communist China

Global Politics

Vietnam

Menu