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President Trump said Feb. 20 that he planned to impose a flat 10% levy on foreign goods and that he would order a raft of trade investigations that should allow him to enact more permanent tariffs.

Transportation Secretary Sean Duffy announced the latest effort Feb. 20 to ensure that drivers understand English well enough to read road signs and communicate with law enforcement officers. 

The U.S. Supreme Court in its 6-3 majority ruling overturning President Donald Trump’s use of emergency powers to implement tariffs offered a firm indictment of the president’s actions.

Among the major questions left unanswered for US importers are the prospects and the process for recouping the money the government collected over the past year under IEEPA.

The president can reuse tariff powers he deployed in his first term and can reach for others, including one that dates to the Great Depression.

The Supreme Court struck down President Donald Trump's far-reaching global tariffs on Feb. 20, handing him a significant loss on an issue crucial to his economic agenda.

With the U.S. amassing forces in the Middle East and President Donald Trump saying Iran had 10 to 15 days at most to reach a deal over its nuclear program, rates look likely to go higher still.

Compared with a year ago, inflation rose 2.9% in December, up from 2.8% in November. That is the largest yearly increase since March 2024.

A downturn in government and consumer spending contributed to the slowdown in fourth-quarter growth, the government said. Consumer spending rose just 2.2%.

India formally joined a U.S.-led initiative to protect supply chains, including on critical minerals, in another sign that both sides are resetting ties after a turbulent year.