INTERNACIONAL
Federal judge blocks 5 Trump tariff executive orders
A federal judge in Washington, D.C., sided with a Chicago-area toy company on Thursday, blocking five executive orders signed by President Donald Trump that imposed tariffs on Chinese imports.
U.S. District Judge Rudolph Contreras determined the International Economic Emergency Economic Powers Act (IEEPA) does not authorize Trump to impose the tariffs in his executive orders.
Contreras granted a motion for a preliminary injunction, filed by the toy company, Learning Resources, Inc., which will be stayed for 14 days in case the administration decides to appeal the decision.
President Donald Trump defended his tariff policy in an interview with NBC News on Sunday, saying that he would reach out to CEOs like Jeff Bezos if he has disagreements over their response to tariffs or other issues. (NBC News)
PRESIDENT DONALD TRUMP’S FIRST 100 DAYS: COMPANIES THAT WILL INVEST $1B OR MORE IN THE US
Trump announced his «Liberation Day» reciprocal tariff plan on April 2, imposing a 10% baseline tariff on all countries.
In certain countries, hostile negotiations led to even higher levies, with taxes on Chinese imports reaching 145%.
Traders work on the floor of the New York Stock Exchange (NYSE) on March 28, 2025, in New York City. As President Trump’s escalating trade war and fresh signs of reinvigorated inflation concern investors, the Dow Jones Industrial Average (DJI) dropped more than 700 points or nearly 1.7%. (Spencer Platt/Getty Images)
Rick Woldenberg, CEO of Learning Resources, said in April the third-generation family business that had been manufacturing in China for four decades would face an almost 98% increase in its tariff bill.
He said the $2.3 million the company paid in 2024 would jump to $100.2 million in 2025.
AMAZON DENIES TARIFF PRICING PLAN THAT WHITE HOUSE CALLED ‘HOSTILE AND POLITICAL’
«I wish I had $100 million,» Woldenberg wrote in a statement. «Honest to God, no exaggeration: It feels like the end of days.»
China produces 97% of America’s imported baby carriages, 96% of its artificial flowers and umbrellas, 95% of its fireworks, 93% of its children’s coloring books and 90% of its combs, according to a report from the Macquarie investment bank.
Secretary of Treasury Scott Bessent is seen before a meeting with Chinese officials on tariffs in Geneva on May 10, 2025. (FABRICE COFFRINI/AFP via Getty Images)
GROCERY GIANT WARNS ITS SUPPLIERS THAT SUPERMARKET WON’T BE ACCEPTING TARIFF-RELATED PRICE HIKES
On Wednesday, the U.S. Court of International Trade ruled the administration overstepped its authority over tariffs under IEEPA.
«The Constitution assigns Congress the exclusive powers to ‘lay and collect Taxes, Duties, Imposts and Excises,’ and to ‘regulate Commerce with foreign Nations,’» the court wrote in its opinion. «The question in the two cases before the court is whether the International Emergency Economic Powers Act of 1977 (‘IEEPA’) delegates these powers to the President in the form of authority to impose unlimited tariffs on goods from nearly every country in the world.»
Three judges, appointed by former Presidents Ronald Reagan, Barack Obama, and Trump, found IEEPA did not «confer such unbounded authority.»
President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs during an event in the Rose Garden entitled Make America Wealthy Again at the White House in Washington, D.C., on April 2, 2025. Trump geared up to unveil sweeping new tariffs in a move that threatens to ignite a devastating global trade war. (BRENDAN SMIALOWSKI/AFP via Getty Images)
DONALD TRUMP SHOULD BE PRAISED FOR SIGNALS HE MIGHT COOL TARIFF FIGHT, WASHINGTON POST EDITORIAL PRAISES
The Trump administration appealed the decision to the U.S. Supreme Court, but it is unclear what goods will be subject to tariffs in the meantime, Reuters reported.
«Foreign countries’ nonreciprocal treatment of the United States has fueled America’s historic and persistent trade deficits,» White House spokesperson Kush Desai told FOX Business after the decision. «These deficits have created a national emergency that has decimated American communities, left our workers behind, and weakened our defense industrial base — facts that the court did not dispute.»
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«It is not for unelected judges to decide how to properly address a national emergency,» Desai added. «President Trump pledged to put America First, and the Administration is committed to using every lever of executive power to address this crisis and restore American Greatness.»
FOX Business’ Greg Wehner and Bill Mears, and Reuters contributed to this report.
Trade,China,Donald Trump,Politics,Federal Courts,White House
INTERNACIONAL
Los motivos por los que el dólar cae en el mundo y el euro gana impulso en medio de la guerra comercial
El caótico despliegue de los aranceles del presidente Donald Trump llevó a los inversores a cuestionar ideas establecidas sobre la seguridad y estabilidad del dólar estadounidense, cuyo valor se desplomó este año. En la búsqueda de alternativas, muchos recurrieron al euro.
El euro subió más de 11% frente al dólar desde principios de año y alcanzó su nivel más alto en cuatro años, 1,18 dólares. El euro también creció durante ese periodo frente a otras divisas importantes, como el yen japonés, la libra esterlina, el dólar canadiense y el won surcoreano, lo que sugiere que su fortaleza es más que un reflejo de la debilidad del dólar.
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Christine Lagarde, presidenta del Banco Central Europeo, dijo que este momento era una oportunidad para que el euro ganara influencia a nivel mundial.
“Estamos asistiendo a un profundo cambio en el orden mundial: los mercados abiertos y las normas multilaterales se están fracturando, e incluso el papel dominante del dólar estadounidense, piedra angular del sistema, ya no es seguro”, escribió la semana pasada.
El papel del dólar como moneda de reserva mundial otorga a Estados Unidos un “privilegio exorbitante”, término acuñado a regañadientes por un político francés en la década de 1960. Dado que los inversores, los gobiernos y los bancos centrales de todo el mundo buscan la rentabilidad segura y predecible de los activos denominados en dólares, como los bonos del Tesoro, existe una demanda sólida y constante por dólares. Esto facilita el endeudamiento del gobierno estadounidense y aumenta el poder adquisitivo de los consumidores. (Foto: The New York Times)
La eurozona, formada por los 20 países que utilizan el euro y que rivaliza con Estados Unidos en tamaño y riqueza, nunca atrajo a los inversores de la misma manera. El euro ocupa un distante segundo lugar, detrás del dólar, en términos de uso global.
La reciente subida del euro supone un gran cambio respecto a hace solo tres años, cuando cayó hasta la paridad con el dólar porque los inversores temían los daños de la creciente inflación y la invasión de Ucrania por Rusia. Y está a un mundo de distancia de la crisis de deuda de la eurozona de la década pasada, cuando a veces parecía que la unión monetaria corría el riesgo de desmoronarse.
A pesar de lo positiva que fue la recuperación del euro tras esos episodios, —el euro cotiza cerca de un máximo histórico frente a las monedas de decenas de grandes socios comerciales—, también es posible tener demasiado de algo bueno.
A medida que el dinero fluye hacia el euro y los activos denominados en euros, como la deuda pública alemana, algunos economistas y ejecutivos advierten de que la fortaleza de la moneda podría perjudicar a los exportadores. Estos ya se enfrentan a los aranceles de Trump, que encarecen sus productos para los compradores extranjeros, así como a una mayor competencia de los rivales chinos en mercados clave.
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“Es probable que una mayor fortaleza del euro sea contraproducente”, dijo Valentin Marinov, estratega de divisas del banco francés Crédit Agricole. Ya era probable que las exportaciones se debilitaran y se convirtieran en un lastre para la economía de la eurozona debido a los aranceles estadounidenses y a las políticas del gobierno europeo que fomentarían más importaciones.
Después de que una subida de los precios de la energía provocara años de lucha para reducir la inflación, el Banco Central Europeo, que fija las tasas de interés para la eurozona, se enfrenta ahora a la perspectiva de que la inflación podría ser demasiado baja.
El banco prevé una inflación media de 1,6% el próximo año, notablemente por debajo de su objetivo de 2 por ciento. Esto se debe en parte al impacto de un euro fuerte, que abarata las importaciones.
Algunos legisladores dijeron que existe el riesgo de que la lenta inflación se consolide, un problema ya conocido en la región. Durante casi una década, hasta 2021, el banco central mantuvo sus tipos de interés oficiales por debajo de cero, con la esperanza de estimular un crecimiento económico más rápido y fomentar un aumento constante de los precios. Los legisladores esperaban que esto se tradujera en un aumento de los salarios y en una mejora del nivel de vida.
Los responsables del BCE decidieron mantener las tasas de interés, pero los analistas están aumentando las apuestas de que podrían volver a recortarlas a finales de año, si las perspectivas económicas se oscurecen o la fortaleza del euro hace que las previsiones de inflación sean aún más bajas.
Reducir las tasas de interés tiende a debilitar una moneda, pero la reciente fortaleza del euro se ha producido, sobre todo, cuando el BCE recortó las tasas ocho veces en un año.
Luis de Guindos, vicepresidente del banco central, dijo que si el euro subiera por encima de 1,20 dólares, eso “sería mucho más complicado”. (Foto: AFP/DANIEL MUNOZ)
Algunas empresas europeas grandes advirtieron sobre el efecto de la fortaleza de la moneda en sus ganancias, especialmente en Alemania, un país muy exportador.
SAP, una empresa de software que recientemente se convirtió en la firma pública más valiosa de Europa, dijo que cada aumento de un centavo en el tipo de cambio euro-dólar se traduce en un descenso de 30 millones de euros en los ingresos, sin coberturas de divisas. Adidas, la marca de ropa deportiva, dijo que un euro fuerte tiene “efectos de conversión negativos” en sus ventas en el extranjero. Daimler, fabricante de camiones, dijo que las fluctuaciones del tipo de cambio euro-dólar “podrían afectar significativamente” a sus resultados financieros.
Resulta difícil predecir el futuro del euro.
Actualmente, cotiza en torno a 1,17 dólares, y los analistas encuestados por Bloomberg esperan que siga fortaleciéndose hasta 1,21 dólares el año que viene. Pero Marinov, de Crédit Agricole, dijo que creía que los operadores se habían adelantado: él espera que el euro vuelva a caer hacia 1,10 dólares el año que viene.
El repunte de la moneda este año no significa necesariamente que se vaya a producir un cambio duradero hacia el euro, en el que este represente una mayor proporción de las reservas de los bancos centrales o se utilice en más pagos transfronterizos.
Lagarde, del BCE, dijo que aprovechar el momento para un “euro global” requeriría un esfuerzo concertado para reforzar la fragmentada economía del bloque, racionalizar su gobernanza y profundizar sus mercados de capitales, entre otras cosas. “El paso hacia una mayor prominencia internacional de nuestra moneda no se producirá por defecto: hay que ganárselo”, dijo.
Por Eshe Nelson.
Dólar, euro, banco central europeo
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President Donald Trump is doubling down on his nomination of Alina Habba after federal judges in New Jersey declined to extend her term as interim U.S. attorney, and instead chose to replace her with a different prosecutor, whom the DOJ subsequently fired.
The unusual chain of events has led to confusion over who will become the next interim U.S. attorney in the District of New Jersey, as Habba’s 120-day term is set to expire this week.
A White House spokesman said in a statement provided to Fox News Digital that Trump supports Habba becoming the permanent U.S. attorney, a position that requires Senate confirmation.
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President Donald Trump listens as White House Presidential Counselor Alina Habba delivers remarks before being sworn in as the interim U.S. Attorney for New Jersey in the Oval Office at the White House on March 28, 2025, in Washington, D.C. (Andrew Harnik/Getty Images)
«President Trump has full confidence in Alina Habba, whose work as acting U.S. Attorney for the District of New Jersey has made the Garden State and the nation safer,» White House spokesman Harrison Fields said. «The Trump Administration looks forward to her final confirmation in the U.S. Senate and will work tirelessly to ensure the people of New Jersey are well represented.»
But Habba’s vote in the Senate does not appear to be happening anytime soon, if at all. New Jersey’s two Democratic senators, Cory Booker and Andy Kim, are currently blocking Habba’s nomination through the Senate’s «blue slip» tradition, and a person familiar with the process said the Senate has not received materials needed to vet her nomination in any case.
In the meantime, arcane laws surrounding the authority to fill federal vacancies have become pertinent.
Trump appointed Habba as the temporary U.S. attorney in March, but that term expires on Friday, according to the Department of Justice. Statutes indicate that federal judges have the authority to extend an interim U.S. attorney’s term or vote on replacing that person.
The district court judges of New Jersey, most of whom were appointed by Democratic presidents, convened behind closed doors on Monday and chose to replace Habba with her top assistant, Desiree Grace, a career DOJ prosecutor since 2016. Grace rose through the ranks to become head of the criminal division in New Jersey before becoming Habba’s No. 2 in April.
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Trump lawyer Alina Habba speaks at a campaign rally for then-Republican presidential candidate Donald Trump at the PPL Center in Allentown, Pennsylvania, on Oct. 29, 2024. (ANGELA WEISS/AFP via Getty Images)
However, Attorney General Pam Bondi alleged that the judges infringed on Trump’s authority to appoint U.S. attorneys by voting to replace Habba. Bondi said she «removed» Grace in response to the judges’ actions.
«[Habba] has been doing a great job in making NJ safe again,» Bondi said in a statement. «Nonetheless, politically minded judges refused to allow her to continue in her position, replacing Alina with the First Assistant. Accordingly, the First Assistant United States Attorney in New Jersey has just been removed.»
Grace could not be reached for comment. An anonymous source with knowledge of the matter told the New York Times that Grace received an email Tuesday informing her that she was fired.
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In this Sept. 4, 2018, photo, Senate Judiciary Committee member Sen. Cory Booker, D-N.J. speaks during the committee’s Supreme Court nominee Brett Kavanaugh’s nominations hearing on Capitol Hill in Washington. (AP)
A Habba spokeswoman told Fox News Digital that Habba is still the interim U.S. attorney through Friday. But the tension between the DOJ and the judges leaves open the question of who will assume the role come Saturday.
Booker said that firing a court-appointed U.S. attorney was part of a «pattern» of the DOJ flouting the law.
«The firing of a career public servant, lawfully appointed by the court, is another blatant attempt to intimidate anyone that doesn’t agree with them and undermine judicial independence,» Booker wrote on X.
Booker is among the critics who have deemed Habba unqualified for the job. Habba, who served as Trump’s legal spokeswoman and personal defense lawyer during his criminal prosecutions, had no experience as a prosecutor before Trump appointed her as lead prosecutor in New Jersey.
Upon taking the job, Habba was accused of politicizing the role after she advocated turning New Jersey «red,» and she drew a rare rebuke from a judge for ordering Newark’s Democratic mayor arrested and then quickly dismissing the charges.
But Trump and DOJ leadership are standing firmly by Habba. The Trump administration found a workaround in the Northern District of New York when John Sarcone’s term as U.S. attorney recently expired there, but it is unclear if a similar option is available for Habba.
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Anne Joseph O’Connell, a Stanford Law School professor, wrote on Bluesky that she believed Trump had the authority to fire Grace and possibly re-appoint Habba to serve out another temporary term.
«The question now is, will they name Habba to a new 120-day interim US attorney appointment or will they turn to the Vacancies Act and name a different person as acting U.S. attorney,» O’Connell wrote.
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At least 12 people have died as violent clashes escalate along the Thailand-Cambodia border. Amid the rising tensions, Thailand has closed its border with Cambodia.
One of Thailand’s six F-16 fighter jets along its disputed border fired into Cambodia and destroyed a military target, according to Reuters, which cited the Thai army. The outlet added that Cambodia’s Ministry of National Defense said the jets dropped two bombs on a road. The ministry said that it «strongly condemns the reckless and brutal military aggression of the Kingdom of Thailand against the sovereignty and territorial integrity of Cambodia,» according to Reuters.
People rest at a shelter, following recent clashes along the disputed border between the two countries, according to authorities people have been killed across three border provinces, in Surin province, Thailand, July 24, 2025. (REUTERS/Pansira Kaewplung)
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Late on Wednesday, Thailand recalled its ambassador to Cambodia and announced it would expel the ambassador from Cambodia. On Thursday, Cambodia downgraded its diplomatic relations with Thailand to the lowest level and recalled all staff from its embassy in Bangkok, the Associated Press reported. Additionally, the Cambodian Foreign Ministry demanded all Thai diplomatic staff leave the country.
Malaysian Prime Minister Anwar Ibrahim said he would speak to the leaders of both countries by the end of the day, according to the BBC. Malaysia is currently serving as the chair of the Association of Southeast Asian Nations (ASEAN), putting Ibrahim in a position to mediate, as both Cambodia and Thailand are member states.
Royal Thai Army soldiers are pictured on armored vehicles on a road in Chachoengsao province on July 24, 2025. (Lillian Suwanrumpha/AFP via Getty Images)
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The U.S. Embassy in Bangkok and the U.S. Embassy in Phnom Penh advised American citizens living in or traveling near the border area to follow the directions of local security personnel.
This comes almost exactly one month after both embassies warned U.S. citizens in their respective countries against going near the border. The State Department issued a «Level 1 with risk» travel advisory — just above the lowest level — urging Americans to exercise caution, though travel is permitted.
Cambodian soldiers reload the BM-21 multiple rocket launcher in Preah Vihear province on July 24, 2025. Thailand launched air strikes on Cambodian military targets on July 24 as Cambodia fired rockets and artillery, killing a civilian, in a dramatic escalation of a long-running border row between the two neighbors. (STR/AFP via Getty Images)
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While it is unclear how the latest clashes between Cambodia and Thailand began, the violence follows a dispute in May, during which troops from both sides exchanged fire. According to The Associated Press, both sides said they acted in self-defense and one Cambodian soldier was killed.
Following the flare-up in May, both countries took retaliatory actions, with Thailand stopping nearly all border crossings before ultimately closing them entirely. Meanwhile, Cambodia banned Thai movies and TV.
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