Supreme Court Strikes Down Trump’s Global Tariffs
Here we go again…
WASHINGTON- President Trump’s global tariffs are illegal, the Supreme Court ruled Friday, in a stinging repudiation of a signature White House initiative.”
“The tariffs before the Supreme Court constituted a large majority of Trump’s duties. Over the next decade, the tariffs the president imposed through his claims of emergency powers were expected to raise about $1.5 trillion, according to the Tax Foundation, representing 70% of Trump’s second-term tariffs. ”
“Trump imposed tariffs on Canada, China and Mexico in February of 2025 for not doing enough to prevent fentanyl and other illegal drugs from crossing the border into the U.S. Then in April, on a day he dubbed “Liberation Day,” Trump announced a general 10% tariff on imports from virtually all countries and steeper levies on those the administration deems to be bad actors in trade.
Trump declared overdose deaths from fentanyl and persistent annual trade deficits to be national emergencies that justified the new trade policy. Small businesses and Democratic-led states quickly challenged the tariffs, arguing in lawsuits that they amount to a tax on the American people which Trump has no authority to impose without congressional approval.”
Excerpt From
“Supreme Court Strikes Down Trump’s Global Tariffs”
The Wall Street Journal
https://apple.news/AkIx53QeiSCaVJnLUOUG1qA
This material may be protected by copyright.
[link] [comments]
Popular Products
-
Electric Toothbrush & Water Flosser S...$43.56$21.78 -
Foldable Car Trunk Multi-Compartment ...$329.56$164.78 -
Mommy Diaper Backpack with Stroller O...$111.56$55.78 -
Ai Dash Cam with Front & Rear HD, GPS...$295.56$147.78 -
Smart Auto-Recharge Robot Vacuum Cleaner$613.56$306.78