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
Everyday Economics: A stalled labor market and why the next data points matter
Assaults against ICE up 1300%, vehicular attacks up 3200%, death threats up 8000%
Bipartisan bill to cap annual deficits at 3% could curb debt growth
One year in, a ‘ho-hum’ jobs report
Five battleground governor’s races for 2026
Chicago Flips Red calls for audit after public schools report
Capital Imp Committee: Begins Drafting Policy to Regulate Artificial Intelligence in County Government
Public Health Committee Chair Demands Animal Control Agreements for Crete, Monee
Public Works Committee Considers Taking Over Kankakee County Line Road to Expedite Bridge Repairs
Trump signs order protecting Venezuelan oil revenue from legal claims
Retirements and resignations to impact midterms as balance of power at stake
U.S. Supreme Court to hear anti-oil cases with energy costs on the line
Constitutional concerns raised over Illinois’ first civil hate crime case
Peotone Man Charged With Disorderly Conduct, Criminal Damage at New Lenox Target