Trump slams Supreme Court tariff ruling
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SCOTUS, tariff and Jamieson Greer
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U.S. Trade Representative Jamieson Greer on Sunday said the Trump administration would need guidance from the courts on how to handle tariff refunds after the Supreme Court struck down duties
Supreme Court rebukes Trump tariffs as NY Fed study shows 90% cost hits U.S. consumers, raising inflation risks and testing Federal Reserve independence.
Treasury Secretary Scott Bessent told CNN this morning that the administration is waiting for further court rulings to decide how and whether to refund hundreds of billions of dollars collected under President Trump's now-invalid emergency tariffs last year.
The U.S. Supreme Court struck down President Donald Trump's sweeping global tariffs, handing him a loss on an issue crucial to his economic agenda.
Soon after the SCOTUS tariff ruling was announced, CSPAN fielded a call from an incensed viewer who identified himself as "John Barron."
The move comes after the Supreme Court handed the White House a huge setback to one of its signature economic and foreign policy tools.
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 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.