Chamber of Commerce: Tariffs ruling ‘welcome news’ for businesses, consumers
The Supreme Court invalidated tariffs under the International Emergency Economic Powers Act, but average tariffs remain near historic highs at 9.1%, Yale Budget Lab found.
- On Friday, the U.S. Supreme Court struck down duties imposed under the International Emergency Economic Powers Act, a ruling that affected business owners.
- After firms sued, Learning Resources and other companies challenged the policy after tariffs raised costs and prompted litigation, with some holding prices steady for months.
- Market indicators showed a muted rally, with the S&P 500 rising 0.7% and the Nasdaq about 0.9% on Friday, as investors weighed next steps, French added.
- Trade groups said firms warned that a complex refund process for tariffs already paid will temper celebrations, while the US Chamber of Commerce urged the lower court to ensure a seamless refund process for US importers.
- The Trump administration signaled it can pursue other tariff authorities, including a 10% global tariff under a separate statute, and 'We have other ways- numerous other ways', a Trump official said, expecting the issue to remain in court for years.
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50 Articles
SF businesses wonder what Supreme Court ruling means for them after Trump's tariffs struck down
After a landmark ruling, President Donald Trump's so-called reciprocal tariffs have officially been ruled illegal. Here's how San Francisco businesses are reacting.
Sen. John Kennedy says 'grizzly' Trump secured trade wins despite SCOTUS tariff blow – Democratic Accent
Sen. John Kennedy, R-La., offered an optimistic perspective on the Supreme Court’s tariff ruling, arguing the “grizzly” in the Oval Office should view it as a win. In a 6-3 ruling Friday, the high court struck down President Donald Trump’s global tariff authority under the International Emergency Economic Powers Act (IEEPA). Despite the legal setback, Kennedy argued Trump’s use of tariffs has secured strong trade deals and could boost the econo…
The Bundesverband E-Commerce und Versandhandel Deutschland has welcomed the abolition of most of the US tariffs as the victory of the rule of law.
New CBO report shows national debt spiraling into uncharted territory by 2035—and Trump's tariffs defeat will make the picture even worse
Plenty of observers already had doubts that, as Donald Trump put it on President’s Day, the U.S. has entered a “new golden age of prosperity.” Now, with the Supreme Court ruling negating a wide swath of the Trump tariffs, an already gloomy outlook has suddenly become much darker. The new 10-year budget forecasts from the Congressional Budget Office, issued in mid-February, presents an outlook that’s considerably worse than the already dire scena…
What does the Supreme Court's decision mean for Switzerland? Demand from the head of the Chamber of Commerce Rahul Sahgal, an entrepreneur and the ex-diplomat Thomas Borer.
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