Trump, tariffs and Small business owners
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Trump, tariffs and Supreme Court
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Conversation around tariffs has surged after the U.S. Supreme Court recently struck down the broad global tariffs that President Trump had imposed under emergency powers, ruling they were unconstitutional because only Congress can levy taxes like tariffs.
The Trump administration has suggested the refund issue could be tied up for years in court.
Democrats have demanded refunds after the Supreme Court ruled against President Donald Trump's sweeping tariffs.
WASHINGTON — President Donald Trump has once again turned to tariffs to try to get his way with a U.S. trading partner. This time, the target is Mexico: Trump plans to impose 5% tariffs on Mexican imports starting June 10 and to ratchet them up to 25% by ...
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How do tariffs work?
Tariffs are taxes a government puts on goods and services that come from other countries. You can think of a tariff as an extra fee added at the border, which makes imported products more expensive. Governments use tariffs for several reasons. They raise ...
The administration appears undeterred after the Supreme Court ruled against a key tool for tariffs.
President Trump said that tariffs will replace much income tax revenue–despite a Supreme Court decision last week invalidating many of his levies. The president said that tariffs will “substantially replace” income taxes,
With his move to impose new global tariffs, President Trump isn’t just trying to repair a trade policy dismantled by a Supreme Court rebuke. He’s also declaring the world’s largest economy is facing a profound balance-of-payments crisis.