A federal appeals court is allowing Trump’s tariffs to stay in place, issuing a stay of a U.S. court ruling yesterday that blocked several of the tariffs from going into effect. The U.S. Court of International Trade ruled yesterday that he had exceeded his authority in imposing the tariffs on U.S. trading partners.

The president's signature import taxes win a legal reprieve, as the White House rails against "activist judges".

The trade court noted that Trump retains more limited power to impose tariffs to address trade deficits under another statute, the Trade Act of 1974. But that law restricts tariffs to 15% and only for 150 days with countries with which the United States runs big trade deficits.

Musk announced his departure a day after an interview clip showed him saying Trump’s “big, beautiful” bill “undermines” DOGE.

Musk endorsed Trump in July 2024, right after an assasination attempt on Trump, and later Musk reportedly committed around $45 million a month to a new pro-Trump super PAC called

Get all the news you need in your inbox each morning. The bill passed by the House on May 22 would extend existing income tax cuts and implement new ones for tipped wages and overtime, add new restrictions to benefit programs like Medicaid and food stamps and fund Trump's deportation efforts.

There’s nothing personal about President Donald Trump’s ongoing war with Harvard University, according to the White House. Representatives for first lady Melania Trump swiftly shut down rumors that the president’s aggressive campaign against the oldest Ivy League school began after son Barron Trump’s application to the university was rejected.

President Donald Trump is in a fierce battle against Harvard University. Was Barron Trump rejected from the school? Where does he go to college?

Financial markets love a good acronym, and on Wednesday Donald Trump was asked to respond to the latest. The so-called TACO trade — which stands for Trump Always Chickens Out w