Trump, tariffs and Small business owners
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Trump, tariffs and Supreme Court
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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.
The Trump administration has suggested the refund issue could be tied up for years in court.
Democrats have demanded refunds after the Supreme Court ruled against President Donald Trump's sweeping tariffs.
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How do tariffs work?
Tariffs are taxes a government puts on goods and services that come from other countries. You can think of a tariff as an extra fee added at the border, which makes imported products more expensive. Governments use tariffs for several reasons. They raise ...
Hours after the Supreme Court scrapped his IEEPA tariffs, Trump imposed a 10% global tariff on almost all imports to the US under the rarely-used Section 122. Now, he has hiked the rate to 15%. Here i
The administration appears undeterred after the Supreme Court ruled against a key tool for tariffs.
With his move to impose new global tariffs, President Trump isn’t just trying to repair a trade policy dismantled by a Supreme Court rebuke. He’s also declaring the world’s largest economy is facing a profound balance-of-payments crisis.
The president vowed to work around the ruling to keep his tariffs in place. Many businesses braced for years of court battles.