Tag: tariffs
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US tariffs to remain in place as US Supreme Court rules revenue collection must be voted by Congress
The US Supreme Court has ruled that the government exceeded its authority when it imposed broad global tariffs using the International Emergency Economic Powers Act (IEEPA), declaring that statute does not give the president the power to levy tariffs without explicit approval from Congress. The decision, issued yesterday, on 20 February 2026 in Learning Resources,…
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Trump unleashes new tariffs against Europe over Greenland: does not reply to question on whether he would attack another NATO country
US President Donald Trump has announced that he will be unleashing new tariffs on a group of European countries for refusing to agree on his demand to annex Greenland. An additional 10% tariff will be imposed on products by Denmark, Norway, Sweden, Finland, France, Germany, the UK, and the Netherlands, from the February 1st and…
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EU exports to the US go lower in Q3 while imports go higher as Trump’s tariffs take effect
According to the latest Eurostat’s statistics, EU exports to the US in the third quarter of this year have come out significantly lower than the same quarter of last year after EU Commission President Ursula von der Leyen agreed to a 15% tariffs on EU products by the US. The decision was criticised by many…
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Indefinite electricity tariffs means the metro’s power will also be subsidised
The government’s increasing energy and electricity subsidies pose a systematic challenge and barrier not only in public finances, but also to new mega-projects like the metro. The Finance Minister isn’t factoring this problem in his concerns about the metro project and this is why there is no definite plan to cut back on energy and…
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President Trump cuts tariffs on China from 57% to 47% following meeting with Xi Jinping
President Donald Trump cut tariffs on China from 57% to 47% following his meeting with President Xi Jinping earlier today during Asian time at the Gimhae International Airport in Busan, South Korea. In exchange, China has agreed to re-start US soybeans imports immediately. There will also be no restrictions of Chinese mineral and rare-earth exports.…
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Film industry in Malta at risk as President Trump slaps 100% tariff on foreign-made films
The foreign film industry in Malta is at risk as President Trump slaps a 100% tariff on any foreign-made film. The announcement was made yesterday evening but was not picked up by the local press. Malta’s foreign film industry is based on very generous expenditure rebates with up to 40% cash-back on expenditure on any…
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Nerandra Modi praises India’s relationship with Russia while President Trump accuses India of a one-sided relationship
India’s Prime Minister Nerandra Modi was full of praise about India’s relationship with Russia after meeting with Vladimir Putin on the sidelines of the Shanghai Cooperation Organisation summit in Tianjin, China. Nerandra Modi joined Vladimir Putin for a car-ride that lasted 45 minutes before the leaders led talks between their delegations. Pemier Modi said that…
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Nerandra Modi meets Xi Jinping as Donald Trump enforces 50% tariffs on Indian products
India’s Prime Minister Nerandra Modi is ignoring US president Donald Trump’s 50% tariffs on Indian products and instead of negotiating under pressure, is allegedly looking to strengthen trade ties with China and Russia. Modi was in China earlier today meeting with China’s President Xi Jinping in Tianjin, China on the sidelines of the Shanghai Cooperation…
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President Trump to meet with Putin following meeting with Steve Witkoff
According to President Vladimir Putin’s aide, Yuri Ushakov, President Donald Trump and Putin have decided to meet to discuss the war in Ukraine. The announcement follows a meeting by Steve Witkoff with Putin at the Kremlin that took place yesterday. Ukraine’s President Volodymyr Zelensky has not yet confirmed whether he will attend the meeting, but…
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“Secondary sanctions and tariffs on China, Brazila and India are the obvious next step” – US Ambassador to NATO Matt Withaker
Speaking to Bloomberg, the US Ambassador to NATO Matt Whitaker said that secondary sanctions and tariffs are the obvious next step against China, Brazil and India which are funding Russia’s war effort in Ukraine by purchasing Russian oil. President Donald Trump also made a similar announcement yesterday. The sanctions are due on August 10th if…
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Exclusive: European leaders feels stuck with 15% after Commission President shook hands on it with President Trump
A diplomatic source that is privy to meetings of the European Council has informed The Maltese Herald that European leaders are reluctant to demand a renegotiation of the the trade deal struck by EU Commission President Ursula von der Leyen and President Donald Trump. The diplomatic source told The Maltese Herald that, given the Commission…
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President Trump said that Europe was closed to US cars and agriculture imports: facts say otherwise
Yesterday at the White House, President Donald Trump praised the trade deal he struck with the EU telling the press that the new EU–US agreement would open Europe to American imports. He claimed that previously, Europe had been closed to U.S. products, particularly cars and agricultural goods. This does not reflect the reality of the…
