Experts say the 1977 International Emergency Economic Powers Act is untested for imposing import tariffs and Trump's action will likely face swift court challenges that could set important precedents.
REUTERS/Greg Locke For North American companies, the "wait and see" moment on tariffs is over.
BusinessInvestors are bracing for a looming hit to U.S. corporate profits and pressure on inflation after President Donald Trump on Saturday signed an executive order imposing tariffs on its largest trading partners, with markets seen as not having fully factored in risks from higher levies on foreign imports.
Macro Matters
The systems include a vast database containing birth dates, Social Security numbers, appraisals, home addresses, pay grades and length of service of government workers, sources said.
Elon Musk, January 20, 2025, Washington, D.C. Ricky Carioti/Pool via REUTERS
The Army said the soldier was Captain Rebecca Lobach, of Durham, North Carolina. She was an aviation officer in the regular Army since 2019 and assigned to the 12th Aviation Battalion, Fort Belvoir, Virginia.
REUTERS/Kevin Lamarque The dead include six Mexicans aboard the plane and one person who was on the ground.
World
The automaker's India unit told the Mumbai High Court the tax dispute puts at risk its investments of $1.5 billion in the country and is detrimental to the foreign investment climate.
REUTERS/Anushree Fadnavis
Negotiations are due to start by Tuesday on agreements for the release of the remaining hostages and the withdrawal of Israeli troops from Gaza.
REUTERS/Mohammed Torokman Yarden Bibas' wife Shiri and children Ariel and Kfir were seized from their home near Gaza.
WorldA large-scale Israeli military operation looks set to continue for a third week.
World
Trump and his envoy for Ukraine and Russia, Keith Kellogg, have said they are working on a plan to broker a deal to end the war, but have offered few details about their strategy or when they might unveil such a plan.
REUTERS/Shannon Stapleton
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The Lakers and Mavericks have sent the NBA world into a frenzy, with ESPN reporting early Sunday morning that the teams had completed a trade that will send Luka Doncic to Los Angeles and Anthony Davis to Dallas.
Jerome Miron-Imagn Images/File Photo
