Trump on Supreme Court's Tariff Decision
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WASHINGTON — Treasury Secretary Scott Bessent deferred to the lower courts to determine how refunds for President Trump’s International Emergency Economic Powers Act (IEEPA) tariffs will work in the wake of the Supreme Court’s ruling.
Trump's new blanket tariff, valid for 150 days, will take effect on February 24.
Opinion
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The Supreme Court Didn't Fully End the Trade War, but It Reinforced Limits on the Presidency
Cato Institute economist Alan Reynolds agreed that the law is irrelevant because "the U.S. Current Account [Trade] Deficit is Fully Funded by the Capital Account Surplus [net inflow of foreign capital]. There is no 'Balance of Payments Deficit' justification for President Trump's newest effort to tax American firms and families for buying imports."
The Supreme Court ruling on Trump’s tariffs has altered the legal framework but not the protectionist policy direction, keeping the U.S. dollar in consolidation, supporting gold above $4,400, and sustaining a constructive equity outlook amid slowing GDP growth,
Tariffs are back at the center of American economic debate, not as a technical tweak but as a blunt tool that could reshape prices, jobs, and even constitutional law. The idea that a 42.5% wall on imports could magically restore a mid‑century factory ...
This op-ed satirically proposes tariffs on Santa Claus to highlight the economic drawbacks of protectionism. Tariffs, which are taxes on foreign goods, lead to higher prices and less competition for consumers. While trade restrictions can benefit specific ...
President Donald Trump holds a reciprocal tariffs poster during a tariff announcement in the Rose Garden of the White House in Washington, DC, US, on Wednesday, April 2, 2025. Photographer: Kent Nishimura/Bloomberg via Getty Images The age of trade ...
Singapore and Asia stock markets show resilience despite uncertainty surrounding President Trump's new 15% global tariffs. Read more at straitstimes.com. Read more at straitstimes.com.
Phantom importers, sky high tariffs and suspiciously cheap shipping offers are fueling a surge in trade fraud, leaving law-abiding American businesses to foot the bill.