Supreme Court stops Trump tariffs
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The tariffs the Trump administration put in place reshaped the way companies buy, build and price their product. Some passed those costs to customers, others absorbed the hit.
Marc Bowker, a small business owner, said Trump continues to cause uncertainty for small businesses after Supreme Court tariff ruling.
President Trump claimed the justices opposing his position were acting because of partisanship, though three of those ruling against his tariffs were appointed by Republican presidents.
The Supreme Court told the Trump administration that the term "regulate" in the IEEPA does not give White House authority to impose tariffs on imports.
The Supreme Court’s decision to strike down the Trump administration’s current tariffs marks a legal turning point, not a policy pivot, says Wells Fargo. Plus, investment newsletter commentary on GDP,
Supreme Court rules 6-3 that President Donald Trump exceeded authority using emergency powers for tariffs, with conservative justices dissenting from majority decision.
The major stock indexes rose on Friday to close out a winning week after the Supreme Court struck down the sweeping tariffs implemented by President Trump last year in a major setback for the president's signature economic policy.