Trump calls out Supreme Court ruling on tariffs
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Conversation around tariffs has surged after the U.S. Supreme Court recently struck down the broad global tariffs that President Trump had imposed under emergency powers, ruling they were unconstitutional because only Congress can levy taxes like tariffs.
What is going on with tariffs? There is still some confusion and uncertainty. The US has stopped collecting the tariffs judged to be illegal by the US supreme court as of today. This will include tariffs imposed on the European Union (EU) after so-called Liberation Day last April.
Yes, you’ll most likely have to pay a tariff. If you received the bowl or it was already processed by Customs and Border Protection before Feb. 24, you will owe the tariffs that the Supreme Court just ruled against. After that, you’ll have to pay the new tariff.
Donald Trump has introduced tariffs on goods coming into the US from most countries around the world. The US president argues that the taxes will boost domestic manufacturing and create jobs. But critics have warned of higher prices for consumers and ...
President Donald Trump has imposed tariffs on $2.2 trillion worth of imported goods, claiming they protect domestic producers. Ironically, American small businesses are among those bearing the heaviest burden of these taxes. Now, these businesses are ...
The chief justice’s opinion hinged on a legal principle called the “major questions doctrine” — the same doctrine that was used repeatedly to block the Biden administration’s regulations and orders.
The ruling overturns the administration’s use of emergency powers and opens the door to refund battles over more than $150 billion in duties paid by U.S. importers.