Trump, tariffs
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The process for IEEPA tariff refunds will likely go through the Court of International Trade. Already, over 1,000 lawsuits are pending.
"This is significant at a time that the president seeks to head into midterm elections with a head full of steam."
Trump pulls his endorsement of Colorado Rep. Jeff Hurd and backs primary challenger Hope Scheppelman over Hurd's tariff vote.
President Trump's new tariffs could further strain global trade relations, pushing businesses to operate more cautiously and hurting the U.S. economy.
While the Supreme Court struck down the Trump administration's emergency tariffs, experts said it could take years for businesses to get refunds.
Trump has defended his use of the 1977 International Emergency Economic Powers Act to impose broad tariffs on almost every U.S. trading partner, saying that his ability to levy taxes on imports had helped to end military conflicts, bring in new federal revenues and apply pressure for negotiating trade frameworks.
The president neither understands nor appreciates the vital role of judicial independence in upholding the rule of law.
The Wall Street Journal’s editorial board blasted “bull-headed” Donald Trump’s decision to respond to the Supreme Court nullifying his precious tariffs with more tariffs. Trump, amid his fuming at the court,
Tariff uncertainty is back after U.S. President Donald Trump announced a new 15% duty following a Supreme Court ruling that struck down his broader levies last week.