Tariff authority decision still awaited from Supreme Court
Tariff authority by second-term Republican President Donald Trump was not decided by the U.S. Supreme Court on Friday, meaning the federal government can continue to collect the revenue for now.
Businesses around the world had braced for a possible decision, but the high court released an unrelated opinion. The opinion could come nearly any time before the end of June.
Trump has made tariffs a central part of both his domestic and foreign agendas during his second term. Last April, Trump imposed import taxes of at least 10% on every U.S. trading partner. Since then, the president has suspended, changed, increased, decreased and reimposed tariffs under the 1977 International Emergency Economic Powers Act.
A group of states and small businesses challenged Trump’s tariffs under the 1977 law, winning in two lower courts before the administration appealed to the Supreme Court.
The high court agreed to hear the case on an expedited basis, given the economic stakes at issue. The Trump administration could be forced to refund more than $133.5 billion in tariffs to importers if the Supreme Court sides with the states and small businesses in the case.
Trump has called the case one of the most important of all time and said that an unfavorable ruling could result in economic ruin for America.
Businesses have reported that tariffs have pushed up prices for consumers.
Event Calendar
[pdem_events format="calendar" size="xlarge" layout="stacked" exclude_category="sports,library" limit="22" debug="no"]
Latest News Stories
IL AG reviews battles vs. Trump administration: ‘365 days of chaos’
Largest U.S. band manufacturer plans to leave Ohio, send some production overseas
WATCH: Trump says he plans to send out $2,000 tariff checks without Congress
House to vote on last four govt. funding bills costing $1.2 trillion
Illinois House speaker, unions push millionaire’s tax as lawmakers return
Reports: Walz, Frey, Ellison among those issued subpoenas by U.S. Justice
Supreme Court hears arguments in ‘vampire rule’ gun case
Trump slams ‘stupid’ UK decision to give back key military base
Bill would block Arizona Guard from unauthorized U.S. wars
Webinar to Explore Impact of Federal Policies on Illinois Communities
Audit: Illinois State professors skipped required outside work disclosures
Trump urges arrests after church protest in St. Paul