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
Poll: Voters trust local governments more than feds to address crime, other issues
Illinois quick hits: Secretary of State accuses ICE of plate swapping; Treasurer celebrates LGBTQ+
Lincoln-Way to Purchase New Buses, Add Smaller Vehicles to Address Driver Shortage
WATCH: Pritzker ‘absolutely, foursquare opposed’ to Chicago mayor’s head tax
Illinois quick hits: Elections board splits on Harmon fine; busiest summer at O’Hare
Trump administration asks Supreme Court to toss stay in National Guard case
GOP candidates: Illinois families struggle while Pritzker wins in Las Vegas
WATCH: Pritzker wants immigration enforcement, just not Trump’s way
‘Legal minefield:’ Biometrics reforms needed to keep IL tech biz growing
Chicago transit violent crime at 7 year high, funding concerns persist
WATCH: National Guard case before SCOTUS; Trump insists China soybean deal coming
Lincoln-Way Board Honors Students with Perfect ACT Scores, Music Educator of the Year