Trump slams Supreme Court tariff ruling
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Households may lose over $1,000 yearly under Trump’s latest tariffs, even after the Supreme Court blocked his earlier emergency plan.
“Our brief to the Supreme Court helped to illustrate the impact on small businesses,” said Abel, founder and CEO of Ketchum-based Wild Rye. “Our story was on behalf of hundreds of thousands of businesses in the U.S. and their consumers that are being affected.”
Donald Trump’s had his fun with tariffs and now it’s payback time. As in: it’s literally time to pay it back. The Supreme Court decision against Trump’s bogusly named emergency duties — as issued under the International Emergency Economic Powers Act — has put his trade policy in disarray.
After Trump’s Supreme Court tariff defeat, administration officials are devising legal strategies that would let the president keep some — or maybe even most — of the revenue, five people familiar with the conversations told POLITICO.
Democrats are going on the offensive against President Trump, as his new 10% tariffs take effect today, and are applied to all countries across the board.