Supreme Court enters the lion's den on Trump tariffs
toggle caption Jabin Botsford/The Washington Post via Getty Images
The Supreme Court hears arguments Wednesday in a consequential case with potentially profound economic consequences for the country and the presidency: The issue is tariffs.
Standing in the Rose Garden last April, President Trump proclaimed what he called "liberation day," a day that "will be remembered as the day American industry was reborn."
Oral arguments in the case are set for 10 a.m. ET. Listen here:
Loading...
Carrying out his campaign pledge to impose massive tariffs on foreign imports, Trump issued an executive order that initially imposed a tariff of at least 10% on goods from most countries doing business with the United States. Goods from countries like China have been hit with much higher tariffs — up to 145%, though they have since come down. Imports from allies like Canada and Mexico have been taxed at 25%; Canada's rate was later increased to 35%. In an interview with CBS' 60 Minutes this week, Trump credited the tariffs with the deal he just negotiated with China, boasting that without tariffs, China would not have "come to the table."
The case before the court
But the up and down, fluctuating tariffs around the world spooked American businesses, prompting
Continue Reading on NPR
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.