New to Pano? Start here

2d·
27 articles
·Business

Federal Court Blocks Trump's Tariffs Amid Cooling Inflation

A federal court has blocked most of Trump's tariffs, while inflation shows signs of cooling, complicating the administration's economic strategy.


1 of 27

Summary

A summary of the key points of this story verified across multiple sources.

A federal court has ruled against President Trump's tariffs, citing overreach under the International Emergency Economic Powers Act. This ruling raises doubts about Trump's economic policies, which have already unsettled global markets. Despite Trump's calls for lower interest rates, Federal Reserve Chair Jerome Powell emphasized a cautious approach, focusing on objective analysis. Recent data shows U.S. inflation has slowed, with consumer prices rising only 2.1% in April, while incomes increased by 0.8%. The court's decision complicates Trump's trade strategy, as the administration plans to appeal, leaving the future of tariffs uncertain.

Articles (27)

Compare how different news outlets are covering this story.
  • Boston Herald
  • PBS NewsHour
  • ABC News
  • ABC News
  • Associated Press
  • CNN
  • Newsmax
  • USA TODAY
  • New York Sun
  • CBS News
  • PBS NewsHour
  • The Guardian
  • ABC News
  • Boston Herald
  • Fox Business
  • Washington Examiner
  • Associated Press
  • NBC News
  • CNN
  • Associated Press
  • Western Journal
  • NPR
  • Boston Herald
  • Associated Press
  • Boston Herald
  • Associated Press
  • CNN

Sources present a mixed view on economic conditions following a federal court ruling against Trump's tariffs. The Left emphasizes the Federal Reserve's independence and cautious monetary policy, while the Center highlights a cautiously optimistic outlook on inflation and consumer finances. The Right acknowledges decreasing inflation but notes ongoing tariff concerns, reflecting uncertainty.

US inflation gauge cools with little sign of tariff impact, so far
Boston HeraldBoston Herald·2d·
Leans Right
This outlet slightly leans right.
Neutral
The overall tone of the underlying articles is neutral.

The article presents a moderately positive outlook on inflation and income growth, highlighting a decrease in inflation rates and an increase in American incomes. However, it also notes uncertainty regarding the impact of tariffs, which tempers the overall optimism.

Consumer prices rose slightly in April amid Trump's tariffs
PBS NewsHourPBS NewsHour·2d·
Leans Left
This outlet slightly leans left.
Neutral
The overall tone of the underlying articles is neutral.

The article presents a mixed view on inflation and economic conditions, highlighting a decrease in inflation rates while also noting concerns about the impact of tariffs. Overall, it reflects a cautious optimism about income growth and consumer spending, despite uncertainties surrounding tariffs.

US inflation gauge cools with little sign of tariff impact, so far
ABC NewsABC News·2d·
Center
This outlet is balanced or reflects centrist views.
Neutral
The overall tone of the underlying articles is neutral.

The article presents a moderately positive outlook on U.S. inflation, indicating a slowdown in price increases and rising incomes. While there are concerns about the potential future impact of tariffs, the current data suggests stability and improvement in consumer finances.

US inflation gauge cools with little sign of tariff impact, so far
ABC NewsABC News·2d·
Center
This outlet is balanced or reflects centrist views.
Neutral
The overall tone of the underlying articles is neutral.

The article presents a moderately positive outlook on U.S. inflation, indicating a slowdown in price increases and rising incomes. While there are concerns about the potential future impact of tariffs, the current data suggests stability in consumer prices, reflecting cautious optimism.

US inflation gauge cools with little sign of tariff impact, so far
Associated PressAssociated Press·2d·
Center
This outlet is balanced or reflects centrist views.
Neutral
The overall tone of the underlying articles is neutral.

The article presents a mixed view on inflation and economic conditions, highlighting a decrease in inflation rates while also noting concerns about the impact of tariffs. Overall, it reflects a cautiously optimistic tone regarding income growth and consumer spending, despite uncertainties surrounding tariffs.

Americans pulled back on their spending in April amid tariff rollout | Business
CNNCNN·2d·
Leans Left
This outlet slightly leans left.
Neutral
The overall tone of the underlying articles is neutral.

The article presents a neutral tone, discussing the recent changes in consumer spending and inflation rates without strong positive or negative language. It highlights the impact of tariffs on the economy while acknowledging the uncertainty surrounding future economic conditions.

Inflation Cools to 2.1% With Little Tariff Impact
NewsmaxNewsmax·2d·
Right
This outlet favors right-wing views.
Neutral
The overall tone of the underlying articles is neutral.

The article presents a mixed view on inflation, highlighting a recent slowdown in consumer prices while acknowledging ongoing concerns about tariffs and their potential impact. It reflects a cautious optimism about current economic conditions, but uncertainty remains regarding future inflation trends due to legal challenges surrounding tariffs.

Trump meets with Fed Chair Powell after criticism on interest rates
USA TODAYUSA TODAY·3d·
Center
This outlet is balanced or reflects centrist views.
Negative
The overall tone of the underlying articles is negative.

The article presents a neutral tone, detailing the ongoing tension between President Trump and Federal Reserve Chairman Powell regarding interest rates. It highlights the political pressure on the Fed while emphasizing Powell's commitment to non-political monetary policy decisions.

Trump Tries To Strong-Arm Jerome Powell in Private Meeting
New York SunNew York Sun·3d·
Right
This outlet favors right-wing views.
Negative
The overall tone of the underlying articles is negative.

The article presents a neutral tone, detailing President Trump's criticism of Federal Reserve Chairman Powell regarding interest rates. It highlights the tension between the president and the Fed, emphasizing the importance of maintaining the central bank's independence from political influence.

Federal Reserve Chair Jerome Powell meets with Trump at White House
CBS NewsCBS News·3d·
Center
This outlet is balanced or reflects centrist views.
Negative
The overall tone of the underlying articles is negative.

The article presents a neutral tone, highlighting the tension between President Trump and Federal Reserve Chairman Jerome Powell regarding interest rates and economic policy. It discusses their meeting without strong positive or negative language, focusing on the facts of their interaction and the implications for monetary policy.

Trump meets with Jerome Powell, the Fed chairman he has repeatedly scorned
PBS NewsHourPBS NewsHour·3d·
Leans Left
This outlet slightly leans left.
Negative
The overall tone of the underlying articles is negative.

The article presents a neutral tone, highlighting the tension between President Trump and Fed Chair Powell regarding interest rates. While Trump expresses frustration over Powell's decisions, Powell maintains the Fed's independence and commitment to objective analysis. The overall sentiment reflects a cautious and factual reporting of the meeting.

Federal Reserve issues rare statement asserting independence amid Trump pressure
The GuardianThe Guardian·3d·
Leans Left
This outlet slightly leans left.
Negative
The overall tone of the underlying articles is negative.

The article presents a neutral tone, highlighting the tension between the Federal Reserve and President Trump regarding interest rates. It emphasizes the Fed's commitment to independence and the challenges posed by Trump's pressure, reflecting a complex economic situation without strong positive or negative bias.

Trump meets with the Federal Reserve chairman he has repeatedly scorned
ABC NewsABC News·3d·
Center
This outlet is balanced or reflects centrist views.
Negative
The overall tone of the underlying articles is negative.

The article presents a neutral tone, highlighting the complexities of Trump's relationship with Powell and the Federal Reserve. It discusses their meeting without delving into personal animosities, focusing instead on economic discussions and the Fed's independence.

Trump meets with the Federal Reserve chairman he has repeatedly scorned
Boston HeraldBoston Herald·3d·
Leans Right
This outlet slightly leans right.
Neutral
The overall tone of the underlying articles is neutral.

The article presents a neutral tone regarding the meeting between President Trump and Fed Chair Powell. It highlights the discussion on the economy and interest rates without expressing strong opinions or emotions. The focus is on the facts of the meeting and the differing views on interest rates.

Fed Chair Powell meets with Trump at the White House
Fox BusinessFox Business·3d·
Leans Right
This outlet slightly leans right.
Negative
The overall tone of the underlying articles is negative.

The article presents a neutral tone, discussing the meeting between Jerome Powell and Donald Trump without strong positive or negative language. It highlights the tension regarding monetary policy and the independence of the Federal Reserve, reflecting a complex economic situation.

Trump and Powell meet as Fed faces pressure to lower rates
Washington ExaminerWashington Examiner·3d·
Leans Right
This outlet slightly leans right.
Negative
The overall tone of the underlying articles is negative.

The article presents a neutral tone, discussing the meeting between President Trump and Fed Chairman Powell regarding interest rates. It highlights the tension between political influence and the Fed's independence, reflecting mixed sentiments about economic policies without strong positive or negative bias.

Trump meets with the Federal Reserve chairman he has repeatedly scorned
Associated PressAssociated Press·3d·
Center
This outlet is balanced or reflects centrist views.
Negative
The overall tone of the underlying articles is negative.

The article presents a neutral tone, highlighting the tension between President Trump and Fed Chair Powell regarding interest rates. While Trump expresses frustration over rate decisions, Powell emphasizes the Fed's independence and objective analysis. The overall sentiment reflects a cautious and factual reporting of the meeting's context.

Powell defends Fed independence after Trump pressures him to cut interest rates
NBC NewsNBC News·3d·
Center
This outlet is balanced or reflects centrist views.
Neutral
The overall tone of the underlying articles is neutral.

The article presents a neutral tone, focusing on the Federal Reserve Chair's commitment to independent monetary policy amidst political pressure from President Trump. It highlights the ongoing tension between the Fed and the President without expressing strong positive or negative sentiments.

Trump met with Jerome Powell today to scold him about rates. Powell stressed the Fed is staying out of politics | Business
CNNCNN·3d·
Leans Left
This outlet slightly leans left.
Negative
The overall tone of the underlying articles is negative.

The article presents a neutral tone, detailing President Trump's criticism of Fed Chair Powell while also highlighting Powell's commitment to economic data-driven decisions. It reflects a tense relationship but does not lean towards a positive or negative sentiment overall.

Asian shares and US futures jump after court rules against Trump's sweeping tariffs
Associated PressAssociated Press·3d·
Center
This outlet is balanced or reflects centrist views.
Positive
The overall tone of the underlying articles is positive.

The article presents a generally positive outlook on the financial markets following a court ruling against Trump's tariffs, which has alleviated some uncertainty. Asian shares and U.S. futures rose, indicating optimism among investors. However, concerns about ongoing trade negotiations and inflation remain.

Court Target Trump’s Tariffs, Economic Plans in Major Jeopardy
Western JournalWestern Journal·3d·
Far Right
This outlet leans heavily toward right-wing views.
Negative
The overall tone of the underlying articles is negative.

The article presents a neutral tone, detailing a legal ruling against President Trump's tariffs without expressing strong opinions. It focuses on the court's decision and the implications for trade policy, highlighting the legal arguments and potential consequences for the administration and markets.

Federal trade court blocks Trump's emergency tariffs, saying he overstepped authority
NPRNPR·3d·
Center
This outlet is balanced or reflects centrist views.
Negative
The overall tone of the underlying articles is negative.

The article presents a negative tone regarding Trump's tariffs, highlighting the court's ruling against them as a significant setback for his administration. It emphasizes the legal limitations of presidential power in imposing tariffs and the adverse economic impact on consumers and businesses.

Federal trade court blocks Trump from imposing sweeping tariffs under emergency powers law
Boston HeraldBoston Herald·3d·
Leans Right
This outlet slightly leans right.
Negative
The overall tone of the underlying articles is negative.

The article presents a negative tone regarding Trump's tariffs, highlighting the court's ruling against them and the potential economic repercussions. It emphasizes the legal challenges and the impact on businesses and consumers, suggesting a sense of frustration and concern about the administration's trade policies.

Federal court blocks Trump from imposing sweeping tariffs under emergency powers law
Associated PressAssociated Press·3d·
Center
This outlet is balanced or reflects centrist views.
Negative
The overall tone of the underlying articles is negative.

The article presents a negative tone regarding Trump's tariffs, highlighting the court's ruling against them and the potential economic repercussions. It emphasizes the legal challenges and the impact on businesses and consumers, suggesting a sense of uncertainty and frustration with the administration's trade policies.

Fed minutes: Uncertainty ‘elevated’ as risks of higher inflation and unemployment rise
Boston HeraldBoston Herald·4d·
Leans Right
This outlet slightly leans right.
Neutral
The overall tone of the underlying articles is neutral.

The article presents a neutral tone, discussing the Federal Reserve's cautious approach to interest rates amid economic uncertainties related to tariffs. It highlights the balance between inflation concerns and unemployment risks without expressing strong positive or negative sentiments.

Fed minutes: Uncertainty 'elevated' as risks of higher inflation and unemployment rise
Associated PressAssociated Press·4d·
Center
This outlet is balanced or reflects centrist views.
Negative
The overall tone of the underlying articles is negative.

The article presents a neutral tone, highlighting the Federal Reserve's cautious approach to interest rates amid concerns about inflation and tariffs. It reflects uncertainty in economic outlooks without strong positive or negative sentiments, focusing on the complexities of the current economic situation.

Fed expects the job market ‘to weaken substantially’ on Trump’s tariffs | Business
CNNCNN·4d·
Leans Left
This outlet slightly leans left.
Negative
The overall tone of the underlying articles is negative.

The article presents a neutral tone, highlighting concerns about the potential weakening of the job market due to trade policies while also noting some positive aspects of the current labor market. It reflects uncertainty and mixed sentiments among economists and policymakers regarding future economic conditions.

FAQ

A list of follow-up questions readers often ask about this story.

History

A summary of how this story has evolved over the last 24 hours.

  • 3d
  • 3d
  • 4d