U.S. imports fell by 64% between March 31 and April 8, while U.S. exports dipped by 30%, driven in large part by the fallout from sweeping tariffs announced by Trump.

Most companies said bringing back supply chains within the U.S. could as much as double their costs, and it would be more cost-effective to relocate them to lower-tariffed countries.

The lawsuit argues that the U.S. president’s invocation of emergency powers to unilaterally escalate a global trade war, which has raised fears of recession, is unlawful.

“The U.S. is unreasonable, bullying and imposing tariffs abusively,” the postal service said in a statement posted to the Hong Kong government’s website.

Aponte and his family-controlled Terminal Investment Ltd. are the main investors in a consortium looking to buy 43 ports from Li Ka-shing's CK Hutchison Holdings.

The Trump administration faces a similar lawsuit in Florida federal court, where a small business owner has asked a judge to block tariffs imposed on China.

China produces more than 90% of the world's supply of refined magnet rare earth elements, used as components for semiconductors, planes, drones, and even missiles.

A strike would be a blow to South Africa’s moribund economy, at a time when President Donald Trump’s universal tariffs are threatening to upend global trade.

Two-thirds of CEOs said that they do not approve of Trump's tariffs, while 76% said that they believe tariffs will negatively impact their businesses in some way this year. 

CBP's claim that it collects over $200 million in tariff revenue each day contrasts with President Donald Trump’s figure of $2 billion per day.