A three-judge panel of the U.S. Court of International Trade holds the first hearing on the challenges Tuesday morning in New York. Five small businesses are asking the court to block the sweeping import taxes that Trump announced April 2 – “Liberation Day,’’ he called it.

By Dietrich Knauth, Blake Brittain NEW YORK (Reuters) -Five American small businesses asked a U.S. court on Tuesday to halt President Donald Trump's "Liberation Day" tariffs, arguing that he overstepped his powers by declaring a national emergency to impose across-the-board taxes on imports from nations that sell more to the United States than they buy.

Hollywood films increasingly rely on people and places overseas. Trump’s plan to slap tariffs on imported movies, which are often the product of international partnerships, will be both hard to implement and ineffective,

Dave Rand, a retired visual effects artist, had just nodded off on May 4 when his phone dinged. At first he couldn't believe it. He read that President Trump wanted a 100% tariff on movies produced overseas.

The frenzy caused by the president’s social media posts gave studios a crash course in his carousel of news-cycle craziness The post With Film Tariff Threat, Trump Takes Hollywood for a Ride on the ‘Tweet Now,