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Afghan Suspect in Deadly Shooting of National Guard Members Faces First-Degree Murder Charge 
UN General Assembly Demands Russia Return Ukrainian Children Amid Ongoing Conflict 
Netanyahu Seeks Presidential Pardon Amid Ongoing Corruption Trial 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Singapore Court Allows $2.7 Billion 1MDB Lawsuit Against Standard Chartered to Proceed 
Peru’s Ex-President Martín Vizcarra Sentenced to 14 Years in Prison for Corruption 
U.S. Soybean Shipments to China Gain Momentum as Trade Tensions Ease 
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Yellow Corp Reaches Major Settlement With Pension Plans Amid Ongoing Bankruptcy Case 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Senators Warn Trump Against Unauthorized Venezuela Strike, Vow War Powers Push 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Bolsonaro Detained Over Alleged Escape Risk After Ankle Monitor Tampering 
U.S. President Donald Trump warned that the United States could face an economic and national security disaster if the Supreme Court overturns his use of emergency powers to impose tariffs on nearly every country. Speaking at the White House during the swearing-in of his new envoy to India, Sergio Gor, Trump said his administration would distribute $2,000 “dividends” to lower- and middle-income Americans using tariff proceeds, while directing the remaining funds toward reducing U.S. debt.
Trump has long argued that tariffs benefit American workers and generate revenue that can strengthen the economy. He reiterated this stance on Truth Social, emphasizing that these payments would directly assist households struggling with inflation. “We’re going to issue a dividend to our middle-income people and lower-income people—about $2,000—and use the remaining tariffs to lower our debt,” he stated.
Kevin Hassett, Trump’s top economic adviser, said strong tax revenues have created room for such payments, originally intended only for deficit reduction. The administration’s plan comes as Trump faces declining poll numbers, with many voters citing inflation and affordability as key concerns.
The Supreme Court is currently weighing whether Trump’s sweeping tariffs under the 1977 International Emergency Economic Powers Act (IEEPA) are legal. Several justices, including Amy Coney Barrett, questioned the law’s use for tariff authority, warning that refunding importers could be complex if the tariffs are struck down. Trump estimated potential repayments could exceed $2 trillion—far higher than the $100 billion cited by analysts.
Despite mounting legal challenges, Trump maintains that his trade policies have reduced inflation, citing falling prices for food and energy. U.S. consumer prices rose 3.0% year-over-year in September, slightly below expectations, with tariffs continuing to affect import costs for goods such as apparel, furniture, and appliances.
