FedEx joins other US companies in seeking a refund
Digest more
Trump, tariff
Digest more
Tariffs unaffected by President Trump’s Supreme Court loss are adding costs for many U.S. manufacturers that use steel, limiting exports and jeopardizing jobs.
12hon MSN
Automakers could start raising prices this year to offset tariffs, dealership executive says
Tariff costs are becoming unsustainable for automakers, and they are going to have to raise prices or cut features, said the president of Sonic Automotive.
The President is using Section 122 of the Trade Act of 1974 to impose tariffs on most foreign imports. But unlike his previous tariffs, these will expire in 150 days unless Congress extends them.
Trump would need Congress to fully replace his previous tariffs, but he could still legally impose different tariffs under other laws.
President Trump says he is raising global tariffs to 15%. And ahead of the president's address tomorrow, most Americans say the state of the union is not strong, according to an NPR poll.
The government is on the hook to refund $134 billion – and counting – worth of tariff revenue collected from President Donald Trump’s most sweeping tariffs, which were rendered illegal by the Supreme Court last week.
President Trump could soon roll back some tariffs on imported steel and aluminum products, according to The Financial Times. Those tariffs, which were raised from 25% to 50% last June, were imposed under Section 232 of the Trade Expansion Act of 1962.
The Supreme Court has said, ‘No, the Constitution is clear. The power belongs to Congress,’” the senator said Sunday.