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WASHINGTON — President-elect Donald Trump’s consistent campaign pledge to impose sweeping tariffs on products imported into the U.S. is likely to face stiff challenges in court and potentially pushback from Congress. There are potential legal limits to Trump’s authority, even though he has said he would unilaterally impose the increases. But a broad array of tariffs on allies “could cross the line,” especially as the Supreme Court has taken a generally pro-business stance in recent years, he added. During the Biden administration, the Supreme Court embraced a theory called the “major questions doctrine.” Biden’s ambitious plan to wipe out billions of dollars in student debt was one of the proposals the Supreme Court faulted. The Supreme Court declined to take up the issue.

Persons: Donald Trump’s, Trump, he’s, Joe Biden, ”, Alan Morrison, “, ” Morrison, ‘, ” Trump, Ed Brzytwa, Brzytwa, Sen, Rand Paul, Rick Scott, ” Scott, Petros Mavroidis, ’, Jennifer Hillman, Hillman, Biden, Matt Priest, “ We’ll, ” Priest Organizations: WASHINGTON, China . Industry, George Washington University Law School, Chicago Economic Club, National Bureau of Economic Research, Federal Reserve Board, Consumer Technology Association, “ Consumers, CTA, Fox News, Sunday, Republicans, Columbia Law School, Georgetown Law Center, of International Trade, Trump, Appeals, Federal Circuit, Supreme, Federal Communications, Federal Energy Administration, Footwear Distributors, Retailers of America Locations: U.S, Congress, China, United States, Ky, Canada

☆ US Supreme Court turns away challenge to steel import tariffs
▼ + stars: | 2023-10-30 | by ( John Kruzel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +4 min

People visit the U.S. Supreme Court building in Washington, U.S., August 31, 2023. Biden's administration had urged the Supreme Court not to take up the appeal. PrimeSource appealed to the Supreme Court in July. The Supreme Court in March turned away a challenge to the 2018 tariffs by a group of U.S.-based steel importers. The justices in 2022 refused to hear a separate challenge by steel companies to Trump's 2018 decision to double tariffs on steel imports from Turkey, also on national security grounds.

Persons: Kevin Wurm, Donald Trump, Irving, Joe Biden's, Wilbur Ross, Trump, Judge Richard Taranto, PrimeSource, John Kruzel, Will Dunham Organizations: U.S, Supreme, REUTERS, Rights, Trump, Commerce, Congress, Court of International Trade, White, Appeals, Federal Circuit, Trade, European Union, Thomson Locations: Washington , U.S, Irving , Texas, United States, St, Louis, Oman, Manhattan, Washington, China, Turkey

☆ These stocks win when interest rates rise, according to Goldman
▼ + stars: | 2023-09-22 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Interest rates are on a tear this week, sending stocks toward their biggest weekly loss since March. In other words, their share prices typically gain when longer-term rates rise. BA YTD mountain Boeing stock. Some of these stocks could be hurt if this rise in rates triggers a recession. But if rates continue to rise because of inflationary forces and the economy rolls over, Boeing may break from its historic precedent.

Persons: Goldman Sachs, Marc Benioff, Max, — CNBC's Michael Bloom Organizations: Treasury, Federal, Boeing, of International Trade, Mosaic

☆ Real Madrid lose $440 million sponsorship battle with Abu Dhabi fund
▼ + stars: | 2023-05-13 | by ( ) www.reuters.com time to read: +1 min

MADRID, May 13 (Reuters) - Spanish soccer's Real Madrid have lost a $440 million court battle with Abu Dhabi sovereign investor Mubadala (MUDEV.UL) over the proposed sponsorship of its stadium in Madrid, sources with knowledge of the case told Reuters. Real Madrid had claimed 400 million euros ($440 million) from Mubadala because it said the Abu Dhabi sovereign investor failed to honour a sponsorship deal under which it would acquire rights to name the Santiago Bernabeu stadium for 20 years. In 2014, Real agreed a strategic partnership with Abu Dhabi fund International Petroleum Investment Co (IPIC), now Mubadala, to help finance a planned stadium overhaul. However, in 2015, a Madrid court halted the original modification of the stadium. The court ruled the sponsorship contract had expired by the time the second expansion was agreed in 2017.

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