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World financial markets welcome court ruling against Trump's tariffs
Breaking Legal News |
2025/05/29 07:31
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Financial markets welcomed a U.S. court ruling that blocks President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.
U.S. futures jumped early Thursday and oil prices rose more than $1. The U.S. dollar rose against the yen and euro.
The court found the 1977 International Emergency Economic Powers Act, which Trump has cited as his basis for ordering massive increases in import duties, does not authorize the use of tariffs.
The White House immediately appealed and it was unclear if Trump would abide by the ruling in the interim. The long term outcome of legal disputes over tariffs remains uncertain. But investors appeared to take heart after the months of turmoil brought on by Trump's trade war.
The future for the S&P 500 was up 1.5% while that for the Dow Jones Industrial Average gained 1.2%.
In early European trading, Germany's DAX gained 0.5% to 24,160.75. The CAC 40 in Paris jumped 0.9% to 7,860.67. Britain's FTSE was nearly unchanged at 8,722.63.
Japan's Nikkei 225 index jumped 1.9% to 38,432.98. American's largest ally in Asia has been appealing to Trump to cancel the tariffs he has ordered on imports from Japan and to also stop 25% tariffs on steel, aluminum and autos.
A U.S. Customs and Border Protection technician examines overseas parcels after they were scanned at the agency's overseas mail inspection facility at Chicago's O'Hare International Airport on Feb. 23, 2024.
The ruling also pushed the dollar sharply higher against the Japanese yen. It was trading at 145.40 yen early Thursday, up from 144.87 yen late Wednesday.
A three-judge panel ruled on several lawsuits arguing Trump exceeded his authority, casting doubt on trade policies that have jolted global financial markets, frustrated trade partners and raised uncertainty over the outlook for inflation and the global economy.
Many of Trump's double-digit tariff hikes are paused for up to 90 days to allow time for trade negotiations, but the uncertainty they cast over global commerce has stymied businesses and left consumers wary about what lies ahead.
"Just when traders thought they'd seen every twist in the tariff saga, the gavel dropped like a lightning bolt over the Pacific," Stephen Innes of SPI Asset Management said in a commentary.
The ruling was, at the least, "a brief respite before the next thunderclap," he said.
Elsewhere in Asia, Hong Kong's Hang Seng added 1.3% to 23,561.86, while the Shanghai Composite index gained 0.7% to 3,363.45.
Australia's S&P/ASX 200 gained 0.2% to 8,409.80.
In South Korea, which like Japan relies heavily on exports to the U.S., the Kospi surged 1.9% to 2,720.64. Shares also were helped by the Bank of Korea's decision to cut its key interest rate to 2.5% from 2.75%, to ease pressure on the economy.
Taiwan's Taiex edged 0.1% lower, and India's Sensex lost 0.2%.
On Wednesday, U.S. stocks cooled, with the S&P 500 down 0.6% but still within 4.2% of its record after charging higher amid hopes that the worst of the turmoil caused by Trump's trade war may have passed. It had been roughly 20% below the mark last month.
The Dow industrials lost 0.6% and the Nasdaq composite fell 0.5%.
Trading was relatively quiet ahead of a quarterly earnings release for Nvidia, which came after markets closed.
The bellwether for artificial intelligence overcame a wave of tariff-driven turbulence to deliver another quarter of robust growth thanks to feverish demand for its high-powered chips that are making computers seem more human. Nvidia's shares jumped 6.6% in afterhours trading.
Like Nvidia, Macy's stock also swung up and down through much of the day, even though it reported milder drops in revenue and profit for the latest quarter than analysts expected. Its stock ended the day down 0.3%.
The bond market showed relatively little reaction after the Federal Reserve released the minutes from its latest meeting earlier this month, when it left its benchmark lending rate alone for the third straight time. The central bank has been holding off on cuts to interest rates, which would give the economy a boost, amid worries about inflation staying higher than hoped because of Trump's sweeping tariffs. |
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Cuban exiles were shielded from deportation. Now Trump is cracking down
Breaking Legal News |
2025/05/25 07:31
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Immigration officials said Tomás Hernández worked in high-level posts for Cuba’s foreign intelligence agency for decades before migrating to the United States to pursue the American dream.
The 71-year-old was detained by federal agents outside his Miami-area home in March and accused of hiding his ties to Cuba’s Communist Party when he obtained permanent residency.
Cuban-Americans in South Florida have long clamored for a firmer hand with Havana and the recent apprehensions of Hernández and several other former Cuban officials for deportation have been extremely popular among the politically powerful exile community.
“It’s a political gift to Cuban-American hardliners,” said Eduardo Gamarra, a Latin American expert at Florida International University. But many Cubans fear they could be next on Trump’s list, he said, and “some in the community see it as a betrayal.”
While President Donald Trump’s mass deportation pledge has frightened migrants from many nations, it has come as something of a shock to the 2.4 million Cuban-Americans, who strongly backed the Republican twice and have long enjoyed a place of privilege in the U.S. immigration system.
Amid record arrivals of migrants from the Caribbean island, Trump in March revoked temporary humanitarian parole for about 300,000 Cubans. Many have been detained ahead of possible deportation.
Among those facing deportation is a pro-Trump Cuban rapper behind a hit song “Patria y Vida” — “Homeland and Life” — that became the unofficial anthem of anti-communist protests on the island in 2021 and drew praise from the likes of then Republican Sen. Marco Rubio, now Secretary of State. Eliéxer Márquez, who raps under the name El Funky, said he received notice this month that he had 30 days to leave the U.S.
Thanks to Cold War laws aimed at removing Fidel Castro, Cuban migrants for many decades enjoyed almost automatic refugee status in the U.S. and could obtain green cards a year after entry, unlike migrants from virtually every other country.
Support for Trump among likely Cuban-American voters in Miami was at an all-time high on the eve of last year’s election, according to a poll by Florida International University, which has been tracking the Cuban-American community since 1991. Trump rarely mentions Cubans in his attacks on migrant targets including Venezuelans and Haitians. That has given many Cubans hope that they will remain immune to immigration enforcement actions.
Democrats, meanwhile, have been trying to turn the immigration crackdown to their advantage. In April, grassroots groups erected two giant billboards on Miami highways calling Rubio and Republican Reps. Mario Díaz-Balart, María Elvira Salazar and Carlos Giménez “traitors” to the Cuban-American community for failing to protect tens of thousands of migrants from Trump’s immigration policies.
In March, Giménez sent Homeland Security Secretary Kristi Noem a letter with the names of 108 people he said were former Cuban state agents or Communist Party officials living unlawfully in the U.S.
“It is imperative that the Department of Homeland Security enforce existing U.S. laws to identify, deport and repatriate these individuals who pose a direct threat to our national security, the integrity of our immigration system and the safety of Cuban exiles and American citizens alike,” Giménez wrote, adding that the U.S. remains a “beacon of hope and freedom for those escaping tyranny.”
Giménez’s target list was compiled by Luis Dominguez, who left Cuba in 1971 and has made it his mission to topple Cuba’s government. In 2009, when the internet was still a novelty in Cuba, Dominguez said he posed as a 27-year-old female sports journalist from Colombia to lure Castro’s son Antonio into an online romance.
With support from the right-wing Foundation for Human Rights in Cuba, he started combing social media and relying on a well-oiled network of anti-socialist sources, inside Cuba and outside the country, to dox officials allegedly behind human rights abuses and violations of democratic norms. To date, his website, Represores Cubanos — Cuban Repressors — has identified more than 1,200 such state agents, some 150 in the United States.
“They’re chasing the American dream, but previously they condemned it while pursuing the Cuban dream,” Dominguez said. “It’s the typical double life of any Communist regime. When they were in power they criticized anything about the U.S. But now that they’re here, they love it.”
Dominguez, 62, said he regularly shares his findings with federal law enforcement but a spokesman for U.S. Immigration and Customs Enforcement didn’t comment on the agency’s relationship with the activist.
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Judge to weigh Louisiana AG’s challenge to city jail’s ‘sanctuary’ policy
Breaking Legal News |
2025/04/30 06:33
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Louisiana Attorney General Liz Murrill is pushing forward with her efforts to force Orleans Parish Sheriff Susan Hutson to drop a longtime policy that generally prohibits deputies from directly engaging in federal immigration enforcement within the city’s jail.
In legal filings, Murrill claims that the policy — which the state characterizes as a so-called “sanctuary city” policy — is in direct conflict with a newly passed state law that requires state and local law enforcement agencies to cooperate with federal immigration agencies.
“The consent decree now sits fundamentally at odds with state law as applicable to immigration detainers,” Murrill said in court documents filed Friday.
A federal court will now determine whether to allow the state of Louisiana to join a 2011 federal suit that resulted in the policy and whether to throw out the policy altogether. A hearing has been set for April 30.
The state’s campaign against “sanctuary” policies comes as President Donald Trump is pushing local law enforcement agencies to join the federal government in his promised immigration crackdown. Since his inauguration, Trump has ordered the U.S. Department of Homeland Security to push for more partnerships between local law enforcement units and federal immigration agencies. A few have already signed up. Louisiana Gov. Jeff Landry, a longtime immigration hardliner and Trump ally, has worked with Republican lawmakers in the state to enact laws that encourage those collaborations.
As attorney general, Landry criticized a policy adopted by the New Orleans Police Department, under a long-running federal consent decree that blocks officers from enforcing immigration laws.
Neither Murrill’s office nor representatives for U.S. Immigration and Customs Enforcement responded to requests for comment.
In court filings, Murrill said Hutson “does not oppose the (state’s) intervention” in the case.” But a spokesperson for Hutson said that’s not exactly true. “It’s more accurate that we take no position regarding the state intervention,” a Sheriff’s Office spokesperson said in an emailed statement on Wednesday.
While she has not taken a position for or against increased collaboration with ICE, in an interview with Fox 8 in December, Hutson noted that the jail’s resources were far too stretched to take on immigration enforcement.
The sheriff’s policy stems from a 2013 federal court settlement in a civil rights case involving two New Orleans construction workers picked up on minor charges in 2009 and 2010. Mario Cacho and Antonio Ocampo sued after they were allegedly illegally held in the city’s jail past the completion of their sentences. The two were held at the request of U.S. Immigration and Customs Enforcement. The agency issues such “detainer” requests to local law enforcement agencies, asking them to hold onto arrestees who are suspected of immigration violations. Local agencies are only supposed to honor the hold requests for 48 hours, after which they should let detainees free. But in 2009 and 2010, then-Sheriff Marlin Gusman detained Cacho and Ocampo for months, according to legal filings in their case against the office.
Ocampo and Cacho settled the case with the Sheriff’s Office in 2013, and Gusman agreed to adopt a new policy on immigration investigations. The resulting policy blocks the agency from investigating immigration violations and from detaining immigrants for ICE without a court order, except in certain cases where they are facing charges for a small number of serious violent crimes.
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Court won’t revive a Minnesota ban on gun-carry permits for young adults
Breaking Legal News |
2025/04/25 07:35
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The Supreme Court on Monday rejected an appeal from Minnesota asking to revive the state’s ban on gun-carry permits for young adults.
The justices also left in place a ban on guns at the University of Michigan, declining to hear an appeal from a man who argued he has a right to be armed on campus. No justice noted a dissent in either case.
Taken together, the actions reflect the high court’s apparent lack of appetite for cases that further explore the constitutional right to “keep and bear arms.”
The court has repeatedly turned away gun cases since its 2022 ruling that expanded gun rights and a clarifying 2024 decision that upheld a federal gun control law that is intended to protect victims of domestic violence.
The decision not to hear the Minnesota case was somewhat surprising because both sides sought the Supreme Court’s review and courts around the country have come to different conclusions about whether states can limit the gun rights of people aged 18 to 20 without violating the Constitution.
The federal appeals court in St. Louis ruled that the Minnesota ban conflicted with the Second Amendment, which the court noted sets no age limit and generally protects ordinary, law-abiding young adults.
In January, the federal appeals court in New Orleans struck down a federal law requiring young adults to be 21 to buy handguns.
In February, a federal judge declined to block Hawaii’s ban on gun possession for people under 21.
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Hungary welcomes Netanyahu and announces it’s quitting top war crimes court
Breaking Legal News |
2025/04/05 10:59
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Hungary will start the process to withdraw from the International Criminal Court, an official said Thursday, just as Israeli Prime Minister Benjamin Netanyahu arrived to red carpet treatment in the country’s capital despite an arrest warrant from the world’s only permanent global tribunal for war crimes and genocide.
Prime Minister Viktor Orbán gave the Israeli leader a welcome with full military honors in Budapest’s Castle District. The two close allies stood side by side as a military band played and an elaborate procession of soldiers on horseback and carrying swords and bayoneted rifles marched by.
As the ceremony unfolded, Orbán’s chief of staff, Gergely Gulyás, released a brief statement saying that “the government will initiate the withdrawal procedure” for leaving the court, which could take a year or more to complete. Netanyahu’s visit to Hungary, which is scheduled to last until Sunday, was only his second foreign trip since the ICC issued the warrant against him in November.
The ICC, based in The Hague, Netherlands, said when issuing its warrant that there was reason to believe Netanyahu and former Israeli Defense Minister Yoav Gallant had committed crimes against humanity in connection with the war in Gaza.
The war began when Hamas-led militants attacked southern Israel on Oct. 7, 2023, killing around 1,200 people, mostly civilians, and taking 251 hostages, most of whom have since been released in ceasefire agreements and other deals. Israel rescued eight living hostages and has recovered dozens of bodies.
Israel’s offensive has killed more than 50,000 Palestinians, according to Gaza’s Health Ministry, which doesn’t say whether those killed are civilians or combatants. Israel says it has killed around 20,000 militants, without providing evidence. Israeli military’s response resumed last month, shattering a ceasefire.
After the ICC issued the warrant, Orbán invited Netanyahu to Budapest, and accused the court of “interfering in an ongoing conflict for political purposes.” That invitation was in open defiance of the court’s ruling and contradicted Hungary’s obligations as a signatory to arrest any suspects facing a warrant if they set foot on their soil.
All countries in the 27-member European Union, including Hungary, are signatories, but the court relies on member countries to enforce its rulings. Hungary joined the court in 2001 during Orbán’s first term as prime minister.
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Under threat from Trump, Columbia University agrees to policy changes
Breaking Legal News |
2025/03/21 05:44
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Under threat from the Trump administration, Columbia University agreed to implement a host of policy changes Friday, including overhauling its rules for protests and conducting an immediate review of its Middle Eastern studies department.
The changes, detailed in a letter sent by the university’s interim president, Katrina Armstrong, came one week after the Trump administration ordered the Ivy League school to enact those and other reforms or lose all federal funding, an ultimatum widely criticized in academia as an attack on academic freedom.
In her letter, Armstrong said the university would immediately appoint a senior vice provost to conduct a thorough review of the portfolio of its regional studies programs, “starting immediately with the Middle East.”
Columbia will also revamp its long-standing disciplinary process and bar protests inside academic buildings. Students will not be permitted to wear face masks on campus “for the purposes of concealing one’s identity.” An exception would be made for people wearing them for health reasons.
In an effort to expand “intellectual diversity” within the university, Columbia will also appoint new faculty members to its Institute for Israel and Jewish Studies department. It will also adopt a new definition of antisemitism and expand programming in its Tel Aviv Center, a research hub based in Israel.
The policy changes were largely in line with demands made on the university by the Trump administration, which pulled $400 million in research grants and other federal funding, and had threatened to cut more, over the university’s handling of protests against Israel’s military campaign in Gaza.
The White House has labeled the protests antisemitic, a label rejected by those who participated in the student-led demonstrations.
A message seeking comment was left with a spokesperson for the Education Department. As a “precondition” for restoring funding, federal officials demanded that the university to place its Middle Eastern, South Asian and African Studies Department under “academic receivership for a minimum of five years.”
They also told the university to ban masks on campus, adopt a new definition of antisemitism, abolish its current process for disciplining students and deliver a plan to ”reform undergraduate admissions, international recruiting, and graduate admissions practices.”
Historians had described the order as an unprecedented intrusion on university rights long treated by the Supreme Court as an extension of the First Amendment.
On Friday, freedom of speech advocates immediately decried Columbia’s decision to acquiesce. |
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Military veterans are becoming the face of Trump’s government cuts
Breaking Legal News |
2025/03/17 05:47
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As congressional lawmakers scramble to respond to President Donald Trump’s slashing of the federal government, one group is already taking a front and center role: military veterans.
From layoffs at the Department of Veterans Affairs to a Pentagon purge of archives that documented diversity in the military, veterans have been acutely affected by Trump’s actions. And with the Republican president determined to continue slashing the federal government, the burden will only grow on veterans, who make up roughly 30% of the federal workforce and often tap government benefits they earned with their military service.
“At a moment of crisis for all of our veterans, the VA’s system of health care and benefits has been disastrously and disgracefully put on the chopping block by the Trump administration,” said Sen. Richard Blumenthal, the top Democrat on the Senate Veterans Affairs Committee, at a news conference last week.
Most veterans voted for Trump last year — nearly 6 in 10, according to AP Votecast, a nationwide survey of more than 120,000 voters. Yet congressional Republicans are standing in support of Trump’s goals even as they encounter fierce pushback in their home districts. At a series of town halls this week, veterans angrily confronted Republican members as they defended the cuts made under Trump adviser Elon Musk’s Department of Government Efficiency.
“Do your job!” Jay Carey, a military veteran, yelled at Republican Rep. Chuck Edwards at a town hall in North Carolina.
“I’m a retired military officer,” an attendee at another forum in Wyoming told Republican Rep. Harriet Hageman before questioning whether DOGE had actually discovered any “fraud.”
Although Republican House Speaker Mike Johnson advised his members to skip the town halls and claimed that they were being filled with paid protesters, some Republicans were still holding them and trying to respond to the criticism.
“It looks radical, but it’s not. I call it stewardship, in my opinion,” Republican Rep. Gus Bilirakis of Florida said on a tele-town hall. “I think they’re doing right by the American taxpayer. And I support that principle of DOGE.”
Still, some Republicans have expressed unease with the seemingly indiscriminate firings of veterans, especially when they have not been looped in on the administration’s plans. At a town hall on Friday, Texas Republican Rep. Dan Crenshaw told the audience, “We’re learning about this stuff at the speed of light, the way you are. I think there’s been some babies thrown out with the bath water here, but we’re still gathering information on it.”
Crenshaw, a former Navy SEAL, added, “If you’re doing a job that we need you to do, you’re doing it well, yeah, we’ve got to fight for you.”
The Republican chair of the House Veterans Affairs Committee, Rep. Mike Bost, assured listeners on a tele-town hall last week that he and Veterans Affairs Secretary Doug Collins are talking regularly. As the VA implements plans to cut roughly 80,000 jobs, Bost has said he is watching the process closely, but he has expressed support and echoed Collins’ assurances that veterans’ health care and benefits won’t be slashed.
“They’ve cut a lot, but understand this: Essential jobs are not being cut,” Bost said, but then added that his office was helping alert the VA when people with essential jobs had in fact been terminated.
Two federal judges this month ordered the Trump administration to rehire the probationary employees who were let go in the mass firings. At the VA, some of those employees have now been put on administrative leave, but a sense of dread and confusion is still hanging over much of the federal workforce.
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Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website, lawyer website templates and help you redesign your existing law firm site to secure your place in the internet. |
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