Tariff authority decision still awaited from Supreme Court

Tariff authority decision still awaited from Supreme Court

Spread the love

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.

Leave a Comment





Latest News Stories

Trump orders Department of War to begin testing nuclear weapons

Trump orders Department of War to begin testing nuclear weapons

By Brett RowlandThe Center Square President Donald Trump on Wednesday ordered the U.S. Department of War to immediately start testing U.S. nuclear weapons just ahead of a meeting with President...
WATCH: Tax proposals draw questions from Pritzker and GOP state rep

WATCH: Tax proposals draw questions from Pritzker and GOP state rep

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois lawmakers are considering progressive revenue measures in the final hours of the fall veto session, but...
Illinois quick hits: Former sheriff's deputy guilty in Massey murder; appeals court intervenes in Bavino case

Illinois quick hits: Former sheriff’s deputy guilty in Massey murder; appeals court intervenes in Bavino case

By Jim Talamonti | The Center SquareThe Center Square Former sheriff's deputy guilty in Massey murder A jury has found a former Sangamon County sheriff’s deputy guilty of second-degree murder...

WATCH: Warnings of higher IL property taxes heard as pension bill advances

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Supporters of an Illinois Statehouse pension measure say it is a “fix” for Tier 2 public employee...
Top-selling automaker confirms U.S. investment, but no details yet

Top-selling automaker confirms U.S. investment, but no details yet

By Brett RowlandThe Center Square The world's top-selling automaker said it plans to continue investing in U.S. operations but wouldn't confirm on Wednesday that it will be $10 billion, as...
Fentanyl poised to take center stage during Trump, Xi meeting

Fentanyl poised to take center stage during Trump, Xi meeting

By Sarah Roderick-FitchThe Center Square Fentanyl is set to be at the center of President Donald Trump’s scheduled meeting with Chinese President Xi Jinping Thursday morning. Trump told reporters last...
'Outrageous': Lawmakers bash Biden admin for targeting, surveilling 156 Republicans

‘Outrageous’: Lawmakers bash Biden admin for targeting, surveilling 156 Republicans

By Thérèse BoudreauxThe Center Square The Biden administration’s probe into President Donald Trump’s 2020 election loss progressed far beyond investigating potential fraud and potentially targeted 156 conservatives and conservative organizations....

WATCH: Cruz calls on House to impeach federal judge over subpoenas of Republicans

By Andrew RiceThe Center Square U.S. Sen. Ted Cruz, R-Texas, on Wednesday called on the U.S. House of Representatives to impeach a federal judge involved in an investigation into President...

WATCH: Pritzker declares agricultural trade ‘crisis’ while Trump touts new deals

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker has signed an executive order to declare an agricultural trade crisis in Illinois. The...
Economists say Trump's tariff play could boost trade deficits

Economists say Trump’s tariff play could boost trade deficits

By Brett RowlandThe Center Square Economists told the U.S. Supreme Court that President Donald Trump's plan to reduce U.S. trade deficits will backfire, exacerbating the underlying issue the president used...
Amnesty International condemns U.S. strikes on suspected drug boats

Amnesty International condemns U.S. strikes on suspected drug boats

By Brett RowlandThe Center Square Amnesty International, a human rights organization, condemned U.S. military strikes on suspected drug boats in the Caribbean and eastern Pacific that have killed 57 people...
Federal Reserve cuts key interest rate for second time this year

Federal Reserve cuts key interest rate for second time this year

By Brett RowlandThe Center Square The Federal Reserve cut interest rates by a quarter-point on Wednesday for the second time this year, not nearly as much as President Donald Trump...
Immigrants grow Michigan's population, advocates say

Immigrants grow Michigan’s population, advocates say

By Andrew RiceThe Center Square Detroit’s population grew for the second year in a row after years of steady decline, according to census data. Advocacy groups attribute much of the...
WATCH: Trump says he can't run for third term after months of conjecture

WATCH: Trump says he can’t run for third term after months of conjecture

By Brett RowlandThe Center Square President Donald Trump said on Wednesday that he's disappointed he can't seek another term as president after months of speculation that he might try to...
Senate votes to approve 'Bat Week'; no vote to end shutdown

Senate votes to approve ‘Bat Week’; no vote to end shutdown

By Thérèse BoudreauxThe Center Square U.S. senators have remained locked in a government shutdown fight for nearly a month, but unanimously agreed Wednesday to designate Oct. 24 to Oct. 31,...