US Edition
Supreme Court Trump tariffs ruling could put U.S. on hook for $175 billion in refunds, estimate says
The Supreme Court ruled 6-3 that the 1977 law does not authorize broad tariffs, leaving $175 billion in tariffs potentially refundable amid ongoing economic uncertainty.
- The U.S. Supreme Court ruled 6-3 that most of President Trump's tariffs imposed under the International Emergency Economic Powers Act were illegal because he exceeded his authority, reaffirming Congress's power over tariffs.
- Economists estimate that the government may need to refund about $175 billion collected from these tariffs, but the Court did not specify a refund process, creating uncertainty for importers and consumers.
- Trump plans to impose new tariffs using alternative legal authority, and some tariffs not imposed under IEEPA remain in effect, meaning price relief for consumers will be limited and delayed.
- Pennsylvania lawmakers and business groups expressed mixed reactions, praising the restoration of congressional power but concerned about uncertainty caused by the ruling and upcoming tariff policy changes.
589 Articles
589 Articles
Pennsylvania Capital-Star
Gettysburg ConnectionPa. small businesses cheer U.S. Supreme Court tariffs decision, but still face uncertainty
Small businesses and farmers in the commonwealth have been hit hard by Trump administration tariffs, which were struck down by the U.S. Supreme Court late last week. (Photo by Jessica Kourkounis for the Pennsylvania Capital-Star)Thousands of small businesses across the commonwealth paid billions of dollars under President Donald Trump’s “Liberation Day” tariffs, which the U.S. Supreme Court struck down in a decision late last week. Lancaster Co…
Trump seethes over justices who opposed him on tariffs
WASHINGTON — President Donald Trump's vision of the Supreme Court, in which his three appointees are personally loyal to him, collided with the court's view of itself Friday when six justices voted to strike down Trump's signature economic policy: global…
Ag Leaders React as Supreme Court Strikes Down Trump’s Tariffs: ‘Farmers Can’t Afford More Uncertainty’
The U.S. Supreme Court on Friday invalidated President Trump’s broad global tariffs, saying that he overstepped his legal authority by invoking a statute intended for national emergencies. In a 6–3 decision in Learning Resources, Inc. v. Trump,
Coverage Details
Bias Distribution
- 45% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
