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
Reported bomb threat halts flights at Washington Reagan National Airport
22 candidates vying for Illinois’ Democrat, Republican U.S. Senate primaries
Trump says SNAP benefits on hold until government reopens
Number of measles cases grows along Arizona-Utah border
WATCH: Illinois tax amnesty program closes Nov. 17, brings in $82.5 million
Median age for a first-time home buyer hits 40, a record high
Illinois biz leader: Diversity computer snafu so bad it ‘has to be intentional’
WATCH: GOP U.S. Sen. candidate Tracy on shutdown, tariffs; state expands sanctuary
Former Vice President Dick Cheney dies
Illinois quick hits: Ceremonies planned for new lawyers; energy efficiency grants announced
26 states participate in federal SAVE program to ensure only US citizens are voting
Key races across U.S., redistricting at stake as voters head to polls Tuesday
Nigeria leaders deny Christian genocide, UN attributes violence to ‘climate change’