Donald Trump’s tariff gamesmanship ran into a legal brick wall on Wednesday when the Court of International Trade ruled that he did not have the authority to impose his sweeping “Liberation Day” import duties. The ruling also applies to fentanyl-related tariffs but does not affect sectoral duties on Canadian automobiles, steel, and aluminum. Markets rallied, the White House plans to appeal the ruling, so uncertainty prevails.
While the White House lawyers are coping with a setback on trade, they pushed forward with another battle that will test the limits of executive power. In a Boston courtroom today, Harvard University will argue that the Trump administration violated the university’s free speech rights when it revoked international student visas. Expect Harvard, home to one of the world’s highest rated law schools, to make compelling arguments, using the president’s words to show he is on an ideological crusade.
Canadian airlines are grounding flights to US destinations as Canadians continue to stay away from the United States in a grassroots reaction to Trump’s threats. In April, return air trips by Canadians fell 20% compared to 2024, Statistics Canada has reported, and automobile trips fell 35%. The decline in visitors is hitting the US tourism industry hard, putting more than 230,000 jobs at risk.
In this episode of GZERO Europe, Carl Bildt considers what the collapse of the joint French-German-Spanish fighter aircraft project means for European defense.
Think you know what's going on around the world? Here's your chance to prove it.
In this episode of GZERO Europe, Carl Bildt reflects on how Russia's war in Ukraine has lasted longer than World War I and the role an underachieving military campaign and international politics have played in putting pressure on Putin.
The ECB raised interest rates for the first time since 2023, becoming the first G7 central bank to act against inflation driven by the war in Iran. With the Bank of Japan poised to follow suit, pressure mounts on the US Federal Reserve to respond.