Supreme Court’s tariff blow to Trump
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Conversation around tariffs has surged after the U.S. Supreme Court recently struck down the broad global tariffs that President Trump had imposed under emergency powers, ruling they were unconstitutional because only Congress can levy taxes like tariffs.
Democrats have demanded refunds after the Supreme Court ruled against President Donald Trump's sweeping tariffs.
WASHINGTON — President Donald Trump has once again turned to tariffs to try to get his way with a U.S. trading partner. This time, the target is Mexico: Trump plans to impose 5% tariffs on Mexican imports starting June 10 and to ratchet them up to 25% by ...
While the Supreme Court struck down the Trump administration's emergency tariffs, experts said it could take years for businesses to get refunds.
Economists and trade experts warn that Donald Trump's new 15% tariffs under Section 122, are another IEEPA strike out waiting to happen. They point using a balance-of-payments measures with no deficit makes this exercise illegal too.
President Donald Trump is dealing with a major legal defeat Friday after the Supreme Court struck down many of the tariffs he imposed last year on nearly every country on earth.
The battle over the tariffs began on day one of the president's second term when he signed an executive order that let him impose a wide range of tariffs on virtually every U.S. trading partner.
The decision is a major setback for President Trump, who responded by imposing a 10 percent global tariff after lashing out at the justices who ruled against him. Trade deals his administration has struck with countries around the world are now in question.
President Donald Trump paid a price for going it alone on tariffs — with the Supreme Court on Friday delivering a rare rebuke by ruling he lacked the power to declare an economic emergency and launch sweeping new taxes on imports.