Trump, tariffs
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Supreme Court, 10 tariff
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New Trump tariffs will remain in force despite the ruling, leaving refund questions unresolved and consumer prices uncertain.
Even as Trump doubled down on his tariff-first trade strategy, developments following the court ruling have unexpectedly tilted the balance in favour of India.
As farmers and agriculture leaders tried to figure out the impact of the Supreme Court ruling that President Trump does not have tariff power under the International Emergency Economic Powers Act, the North Dakota Agricultural Trade
The President had signed a proclamation soon after the verdict to "impose a temporary surcharge" of 10% for “all articles" imported to the country in the next 150 days. Hours later the POTUS said he was raising this figure with immediate effect.
John Fetterman explained he sees obvious negatives to Trump's tariffs after Fox's Aishah Hasnie noted he said the economic strategy turned out "pretty well."
President Trump will likely use his State of the Union address on Tuesday to sell his economic agenda. The Supreme Court struck down a key part of his plan on Friday. But the president fought back, slapping a 15% global tariff on imported goods.