President Trump has transformed U.S. trade policy. Here's how much of his tariff agenda is under threat at the Supreme Court.

Just under half of all goods that enter the United States are now subject to tariffs, a New York Times analysis of Census Bureau trade data shows, a stark sign of how President Trump has reshaped American trade since returning to office in January.

archive article: https://archive.ph/37EpC

  • ignirtoq@feddit.onlineEnglish
    11·
    4 hours ago

    If the court rules against the president, it will nullify a major tool in Mr. Trump’s trade agenda. He has used the law under question, the International Emergency Economic Powers Act, or IEEPA, to impose tariffs on an estimated 29 percent of all U.S. imports, the Times analysis found. So far this year, these emergency tariffs have hit more than $300 billion in imported goods.

    Not that I expect it to happen, but if they rule against him, what happens to the money the government has collected from illegal tariffs so far? Do they just keep it? Do they have to go through the books and return it to the importers? The costs were often absorbed by vendors at the start, but there’s no question a large fraction have already been passed on to consumers.

    • jacksilver@lemmy.world
      1·
      36 minutes ago

      I imagine that it would be a decision that just affects things going forward to avoid all of that.

    • Entertainmeonly@lemmy.blahaj.zone
      11·
      1 hour ago

      I don’t think it will matter. Not like he has listened to a thing a judge has told him in the last decade.

      What i mean is he’s yaking that money no matter what.