Trump Calls Supreme Court's Tariff Ruling 'Unfortunate'
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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.
The government is on the hook to refund $134 billion – and counting – worth of tariff revenue collected from President Donald Trump’s most sweeping tariffs, which were rendered illegal by the Supreme Court last week.
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 ...
You can’t scroll through your phone without seeing the word tariffs. It appears in every other headline. Everyone from TV pundits to social media stars are duking it out over whether they’re good for the country and for consumers’ wallets. At this ...