Trump Tariffs News: US Top Court Strikes Down Tariffs, What It Means For $175 Billion In Refunds?

Описание: Trump Tariffs Illegal: US Top Court Strikes Down Tariffs, What It Means For $175 Billion In Refunds?

U.S. Supreme Court struck down President Trump’s emergency tariff regime imposed under IEEPA. The ruling puts roughly $175 billion in collected tariff revenue at risk of refunds to importers. Tariffs struck down included broad reciprocal import duties on goods from multiple countries. The court said Trump exceeded his authority under the International Emergency Economic Powers Act. The decision could force the Treasury to reimburse billions paid by businesses on illegal tariffs. Some tariffs may survive or be reimposed under other trade statutes, officials suggest. Markets showed a modest positive reaction after the tariff ruling was announced. The ruling underscores that Congress, not the president, holds primary tariff authority. The decision may lead to complex legal battles over repayment and future trade rules.

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