Supreme Court ruling against Trump on IEEPA wouldn't mean the end of all tariffs, experts say

Supreme Court ruling against Trump on IEEPA wouldn’t mean the end of all tariffs, experts say

High tariffs on America’s trading partners are likely to remain in place even if the Supreme Court rules that President Trump improperly invoked federal emergency powers to impose the levies, according to trade experts. In a hearing on Wednesday, several of the high court justices appeared skeptical of Mr. Trump’s use of the 1977 International…

Read More
Trump has other tariff options if the Supreme Court strikes down his worldwide import taxes

Trump has other tariff options if the Supreme Court strikes down his worldwide import taxes

WASHINGTON (AP) — President Donald Trump has warned that the United States will be rendered “defenseless’’ and possibly “reduced to almost Third World status’’ if Supreme Court strikes down the tariffs he imposed this year on nearly every country on earth. The justices sounded skeptical during oral arguments Wednesday of his sweeping claims of authority…

Read More
CEO challenging Trump at Supreme Court could trigger wave of tariff refunds: "I definitely want my money back"

CEO challenging Trump at Supreme Court could trigger wave of tariff refunds: “I definitely want my money back”

Rick Woldenberg says it’s not in his nature, nor consistent with the mission of his Chicago-area toy business, to sit quietly in the face of an existential threat. So last April, a few weeks after the Trump administration unveiled sweeping tariffs on so-called “Liberation Day,” he took action.  Woldenberg sued President Trump and his top…

Read More
Canadian ad prompts backlash against Reagan Foundation

Trump says a Canadian ad misstated Ronald Reagan’s views on tariffs. Here are the facts and context

WASHINGTON (AP) — President Donald Trump pulled out of trade talks with Canada Thursday night, furious over what he called a “fake’’ television ad from Ontario’s provincial government that quoted former U.S. President Ronald Reagan from 38 years ago criticizing tariffs — Trump’s favorite economic tool. The ad features audio excerpts from an April 25,…

Read More