Court ruling won't halt Trump tariff push
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The Supreme Court's decision has led questions over whether people can get a refund over the unlawful tariffs.
The administration is also considering Section 122 of the Trade Act, which permits the president to impose a temporary, across-the-board tariff of up to 15 percent to address trade imbalances. Trump has discussed implementing a global tariff of about 10 percent through this authority, NPR reported.
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.
President Donald Trump announced on Air Force One Sunday that he would impose a 25% tariff on steel and aluminum imports, the latest move as part of the ongoing trade war between the U.S. and its allies. Tariffs refer to taxes that are placed on imported ...
WASHINGTON — President Donald Trump has once again turned to tariffs to try to get his way with a U.S. trading partner. This time, the target is Mexico: Trump plans to impose 5% tariffs on Mexican imports starting June 10 and to ratchet them up to 25% by ...
4hon MSN
Will prices go down? Colorado Springs economist works to shed light on Supreme Court tariff decision
The Supreme Court ruled some of President Donald Trump’s tariffs are unconstitutional, but it didn’t take long for the president to respond with an announcement of an additional 10% global tariff.