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
Illinois Quick Hits: Independents launch campaigns for governor, Congress
South Carolina off the redistricting bandwagon
New Lenox Marks Gun Violence Awareness Day, Spotlights New State Storage Law
Meta to ask appeals court to end biometrics suit over Messenger filters
Paxton pushes Cornyn out of longtime U.S. Senate seat
Costco says no refunds owed to customers for tariff price hikes
Dems decide against joining fraud roundtable at White House
VA launches MDMA trial years in the making for veterans
AI safety regulations advance in Springfield, despite industry concern
EXCLUSIVE: U.S. Border Patrol chief retires after historic drop in illegal border crossings
White House urges state AGs to target, punish Medicaid fraudsters
NASA unveils $1B moon base push amid cost questions