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
World leaders call for peace after U.S. strikes on Iran
Lawmakers vow war powers vote on Iran strikes
U.S. Coast Guard is expanding its fleet, crew
Black Chicagoans disproportionately face force by CPD
Senate, House key leaders briefed ahead of strikes
Iran retaliates against American bases; State Department issues ‘shelter in place’
Bo and Luke Would be Proud: Track Jump Turns into Tavern Stop in Peotone
Land Use Committee: ‘Clean Fill’ Proposal Stalls After Unauthorized Tree Removal Sparks Environmental Concerns
Physicians assistants leave for Iowa due to licensing wait times in Illinois
Illinois quick hits: Chicago debt deal pushes payments down road
Republican candidates for governor, U.S. Senate discuss energy, SCOTUS