Many Americans worried about high prices might expect some relief if a deeply skeptical Supreme Court reins in President Donald Trump’s tariffs. If you’re among them, don’t get your hopes up.
In a consequential Supreme Court case Wednesday, a majority of the justices expressed concern that Trump may have overstepped his authority in levying tariffs with practically zero limits. Trump has imposed enormous import taxes in a number of unprecedented ways: He placed tariffs high enough to effectively serve as a temporary embargo on all Chinese goods, retaliated against Brazil’s conviction of its former president and Trump ally Jair Bolsanaro, and pressured India to ditch Russian oil.
Those tariffs have begun to raise some prices for Americans, who ranked the cost of living as the most important issue facing the country in a new CNN poll conducted by SSRS.
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