Trump Tariff | Udaipur Kiran

Trump Faces Major Setback as Federal Court Strikes Down Global Tariff

8 May 2026 8:13 AM by Bhupendra Singh Chundawat

Washington, May 8: President Donald Trump has suffered a significant setback as the U.S. Federal Trade Court declared his announcement of a global tariff illegal and has ordered its cancellation. The president had announced a 10% global tariff, but the court ruled that the Trump administration violated its authority under a 1974 trade law. In … Read more

Trump Imposes 25% Tariff on EU Cars, Accuses Bloc of Trade Agreement Violations

2 May 2026 12:02 AM by Deependra Singh Chundawat

Washington, May 2: U.S. President Donald Trump announced on Friday that he has increased tariffs on cars and trucks imported from the European Union to 25%. Trump accused the EU of failing to adhere to existing trade agreements and expressed uncertainty regarding ongoing negotiations with Iran. In a statement to reporters, Trump said, “We have … Read more