World awaits landmark US Supreme Court decision on Trump's tariffs
15 minutes ago Share Save Natalie Sherman Business reporter Share Save
Reuters Trump announced new tariffs in the Rose Garden at the White House in April
What may be the biggest battle yet in Donald Trump's trade war is about to begin. The Trump administration heads to the US Supreme Court on Wednesday, facing off against small businesses and a group of states who contend most of the tariffs it has put in place are illegal and should be struck down. If the court agrees with them, Trump's trade strategy would be upended, including the sweeping global tariffs he first announced in April. The government would also likely have to refund some of the billions of dollars it has collected through the tariffs, which are taxes on imports. The final decision from the justices will come after what could be months of poring over the arguments and discussing the merits of the case. Eventually they will hold a vote.
Trump has described the fight in epic terms, warning a loss would tie his hands in trade negotiations and imperil national security.
Continue Reading on BBC News
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.