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: Grants issued for apprenticeship programs
K-12 schools, higher ed institutions prevail in diversity litigation
Medical group debunks recent study on racial concordance, says patient outcomes not improved by philosophy
County Approves $22 Million in Road Projects for Lorenzo Road and Mills Road
Three Democrats seeking Illinois U.S. Senate seat debate in Chicago
Emissions permitted? ‘Irrelevant’ vs lawsuits: IL Sup Ct
As snowfall tapers, ‘deep freeze’ sets in as another potential storm on the horizon
California legislators react to ICE’s fatal shooting of citizen
Senate Judiciary to hear Minnesota fraud allegations
Trump: Minnesota fraud, riots linked
WA leaders intensify opposition to federal immigration enforcement efforts
WATCH: Trump, Walz speak; White House puts demands on Minnesota leaders