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
Indiana voters to decide compeititive congressional primary races Tuesday
U.S. debt tops 100% of GDP, ‘deeply troubling’ for economy, national security
U.S. troops in Italy, Spain hang in balance as troop reduction in Germany announced
Federal appeals court halts access to mail-order abortion drug
Village Board Approves Industrial Rezoning on Gougar Road Over Resident Protests, But Freezes Construction for Years
Labor unions back McCormick’s plan to reform federal permitting
Court-ordered tariff refunds bypass consumers who paid
Professor: Surging gas prices will have long-term effects
Professor: Surging gas prices will have long-term effects
Illinois Quick Hits: DHS says ICE captures child sex abuser released by Illinois DOC
Durbin calls probe ‘sham’; state lawmaker backs transparency
Lawmen believe trip from Carolinas to Washington a threat to Trump