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Vermont Officials Optimistic After US Supreme Court Ruling Against Trump Tariffs, but Trade Uncertainty Persists
The Supreme Court found many Trump-era tariffs illegal, calling them a major tax on Americans, while the White House imposed a new 15% global tariff this weekend.
- On Friday, the U.S. Supreme Court ruled that many Trump-era tariffs were levied illegally, resolving questions from cases including those involving Vermont parties.
- Imposing high, fast-changing tariffs during President Donald Trump's second term prompted lawsuits from Vermont businesses and a multistate challenge joined by Charity Clark, Vermont Attorney General.
- Calef Letorney said Rovers North sales cratered by 30% and he cut 20% of staff, while Candy King said Hearthlink International paid over $300,000 in duties since last spring.
- Despite the Supreme Court ruling, the White House announced a 15% global tariff on Saturday, with some tariffs like the steel levy remaining, and officials warn uncertainty persists.
- With IEEPA powers set aside, officials say countries such as Japan, South Korea, and Taiwan will seek clarity as reliance on trade statutes may weaken U.S. leverage.
14 Articles
14 Articles
Real Clear Politics
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A headline from Bloomberg on Thursday was indicative of legacy media’s response to new trade data released by the Commerce Department. It declared, “U.S Notches One of Its Biggest Annual Trade Gaps Since 1960.” So, were the mainstream economists and political pundits right? Should we begin to doubt that President Trump’s tariffs are having any effect at all? Can tariffs actually rebalance trade? That, of course, is precisely the reaction the hea…
Vermont officials optimistic after US Supreme Court ruling against Trump tariffs, but trade uncertainty persists
“Most of what we're buying just isn't available locally, and it's just a tax on the American consumer,” one local business owner said of recent tariffs.
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