Tariff authority decision still awaited from Supreme Court
Tariff authority by second-term Republican President Donald Trump was not decided by the U.S. Supreme Court on Friday, meaning the federal government can continue to collect the revenue for now.
Businesses around the world had braced for a possible decision, but the high court released an unrelated opinion. The opinion could come nearly any time before the end of June.
Trump has made tariffs a central part of both his domestic and foreign agendas during his second term. Last April, Trump imposed import taxes of at least 10% on every U.S. trading partner. Since then, the president has suspended, changed, increased, decreased and reimposed tariffs under the 1977 International Emergency Economic Powers Act.
A group of states and small businesses challenged Trump’s tariffs under the 1977 law, winning in two lower courts before the administration appealed to the Supreme Court.
The high court agreed to hear the case on an expedited basis, given the economic stakes at issue. The Trump administration could be forced to refund more than $133.5 billion in tariffs to importers if the Supreme Court sides with the states and small businesses in the case.
Trump has called the case one of the most important of all time and said that an unfavorable ruling could result in economic ruin for America.
Businesses have reported that tariffs have pushed up prices for consumers.
Latest News Stories
New Illinois youth center begins housing youth in Lincoln
State officials urge Trump, Congress to address national debt
Will County Board Passes 0% Tax Levy, Creating “Unbalanced” Budget Crisis
Committee Advances Special Use Permit for Used Car Dealership in New Lenox Township
Lincoln-Way 210 to Purchase 31 Buses, Citing Major Savings Over Leasing
New Lenox SD 122 Homeowners Face Estimated 3.4% Tax Hike Under Tentative Levy
New Lenox Fire District Delays Station 2 Bid Award, Sets Special Meeting
New Lenox Park District Eyes Indoor Sports Facility, Advances Multiple Park Upgrades
War Department, VA have highest number of unresolved recommendations from congressional watchdog
Nearly 550 truck drivers cited for not understanding English in Illinois YTD
Envelopes with white powder sent to two Texas ICE offices, no public threat
Georgia GOP thanks Greene; Trump says she ‘went bad’