On August 29 (local time), the U.S. Court of Appeals for the Federal Circuit ruled by a 7-4 vote that multiple "universal tariffs" imposed by the Trump administration under the authority of the International Emergency Economic Powers Act (IEEPA) were ultra vires and illegal.
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On the first trading day of September, the US dollar index fell below the 98 level to 97.534, hitting a new low since July 28th.
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Recently, the European Commission has put forward two legislative proposals, announcing the cancellation of tariffs on some US industrial products, the expansion of market access for agricultural products, and the extension of lobster duty-free treatment.
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The Russian economy is facing unprecedented challenges. According to the latest data released by the Russian Ministry of Finance, the expected economic growth in 2025 has significantly slowed down.
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On July 30 local time, US President Trump signed an executive order to suspend duty-free treatment for imported parcels valued at $800 or less starting from August 29.
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Recently, the Russian Ministry of Finance significantly lowered its 2025 economic growth forecast from 2.5% to 1.5%.
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At 0:00 on August 27th, Eastern Time of the United States, the 50% tariff imposed by the United States on Indian goods was officially implemented.
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Recently, the United States and the European Union reached an agreement on the framework of a trade agreement.
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Recently, Trump disclosed detailed information about the "US-Ukraine mineral agreement", claiming that through this agreement, the United States will gain huge profits from Ukraine's mineral resources, far exceeding 350 billion US dollars!
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Recently, Mark Zandi, Chief Economist of Moody's Analytics, issued a strong warning about the US economy.
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On August 29 (local time), the U.S. Court of Appeals for the Federal Circuit ruled by a 7-4 vote that multiple "universal tariffs" imposed by the Trump administration under the authority of the International Emergency Economic Powers Act (IEEPA) were ultra vires and illegal.
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