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The president yanked his endorsement of Representative Jeff Hurd of Colorado, imperiling Republicans' chances of holding onto his seat as they brace for midterm losses.
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Business chiefs and government leaders are poring over the fallout of a U.S. Supreme Court decision that declared most Trump tariffs illegal, and his response with new tariffs.
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Many Republicans greeted the Friday morning decision with measured statements, some even praising it, and GOP leaders said they would work with Trump on tariffs going forward.
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President Donald Trump announced that a 10% worldwide tariff is now being raised to a "fully allowed" 15% in the wake of the Supreme Court's ruling.
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Trump said in a social media post on that he was making the decision "Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday," by the U.S. Supreme Court.
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The move signaled that the president would press ahead with steep global tariffs despite the legal setback from the Supreme Court.
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The exemption was shut down last year by President Trump based, in part, on the same legal grounds as the tariffs that were invalidated by the Supreme Court.
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The Supreme Court's decision Friday to strike down the majority of tariffs imposed by President Trump could provide some relief to L.A.'s trade-reliant economy — but only if they are not reimposed again through other means.
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US stocks end higher, Treasury yields gain after Supreme Court strikes down Trump tariffs Reuters
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If anything, Friday opened a new chapter in Trump's ongoing tariffs drama and raised urgent questions about his ability to make good on his promises of an economic revival.
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