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
EXCLUSIVE: Canadian groups, First Nation police support stronger border security
More than 9,500 commercial truckers taken off U.S. roads nationwide
New Lenox Used Car Dealership Approved by Land Use & Development Committee
Land Use Committee: Monee Solar Projects Granted Extensions; Battery Storage Plans Dropped
P&Z Commission: New Women’s Recovery Center Proposed for Patterson Road Receives Support
WATCH: ‘Unfortunate accident’: Miss. senator blasted for comment on Guard troop shootings
WATCH: House Homeland Security hearing filled with tense exchanges
Judge rules against Trump’s freeze on wind energy
Illinois’ new paint fee takes effect, with critics calling it another burden on taxpayers
Pritzker decision looms for energy bill ‘on ratepayers’ backs’
WATCH: Use of National Guard debated in U.S. Senate as Illinois case lingers
Illinois quick hits: Senator’s deferred prosecution deal approved; Indiana Senate votes against new maps