US News
LAST UPDATE: June 4, 2025
US tariffs of 50% on steel and aluminium come into force
On June 4, 2025, the United States implemented 50% tariffs on steel and aluminum imports, doubling the existing 25% duties introduced in March.
Insight
The tariff increase signifies a significant escalation in U.S. trade protectionism, aiming to bolster domestic metal industries. While intended to protect national security and domestic jobs, such tariffs can lead to higher costs for manufacturers and consumers. Internationally, the move risks retaliatory measures from trade partners, potentially igniting trade wars. The exclusion of the UK, contingent on compliance with a new trade deal, adds complexity to international trade relations. Overall, the policy reflects a shift towards more aggressive trade strategies, with broad implications for global supply chains.
US judge dismisses California’s tariff lawsuit, teeing up appeal
A U.S. District Judge dismissed California’s lawsuit challenging former President Donald Trump’s tariffs, stating the case should have been filed in the specialized U.S. Court of International Trade.
Insight
The dismissal highlights the procedural complexities in challenging federal trade policies. California’s decision to appeal emphasizes the ongoing legal debates over the extent of presidential authority in imposing tariffs without congressional approval. The case’s progression through the courts could set significant precedents for future trade policy litigation. Moreover, the legal uncertainty may affect businesses reliant on international trade, as they navigate the implications of fluctuating tariffs and potential legal reversals. The situation underscores the need for clear legal frameworks governing trade policy implementation.
Trump Asks Congress to Slash Funds for NPR, PBS and Foreign Aid
The Trump administration will ask lawmakers to cut over $9 billion in funding for the Public Broadcasting Service, National Public Radio, and foreign aid in a bid to reduce federal expenditures.
Insight
The proposed budget cuts reflect the administration’s prioritization of domestic spending and skepticism towards publicly funded media and international aid. Reducing funding for NPR and PBS raises concerns about the future of public broadcasting and its role in providing educational content. Cuts to foreign aid could impact global health initiatives and U.S. diplomatic relations, potentially ceding influence to other nations. The move may face opposition from various stakeholders who argue for the importance of these programs in promoting informed citizenship and global stability. The debate underscores the broader ideological divides over government spending priorities.
