Bloomberg News Now September 13, 2025: Tariffs Face Legal Threat Risking Deficit Plan, China’s US Probes, More
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Sep 14, 2025 Dive into the complexities of tariff hikes and their potential legal challenges impacting the U.S. economy. Explore how these measures could affect the Treasury, customs duties, and the national budget deficit. The discussion also uncovers China's probing actions against U.S. semiconductor firms and the implications of sanctions on Russian oil. These topics shed light on shifting U.S. foreign policy priorities and their broader international trade ramifications.
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Tariff Revenue Could Be Reversed
- Treasury received $165 billion in customs duties in the first 11 months of the fiscal year, $95 billion more than last year.
- A court ruling could force refunds and sharply increase the budget deficit if tariffs are found illegal.
China Targets U.S. Chip Sector
- China opened anti-dumping and anti-discrimination probes targeting U.S. semiconductor products ahead of talks.
- The investigations follow U.S. additions of 23 Chinese firms to its entity list and escalate semiconductor trade tensions.
U.S. Considers Stronger Russia Oil Penalties
- President Trump signaled readiness to impose major sanctions on Russian oil if NATO nations act together.
- The U.S. also considered urging G7 allies to impose tariffs up to 100% on purchases of Russian oil by China and India.