‘It’s been terrible’: Business owner details impact of Trump’s sweeping tariffs

Legal & Policy - The Supreme Court is fast-tracking the Trump administration's appeal regarding tariffs issued without Congressional authority [1] - The lawsuit argues that AIPA (presumably the authority under which the tariffs were issued) doesn't mention tariffs, and no president has previously used it to impose tariffs [2] - The lawsuit's second strongest argument is that the Trump administration's interpretation of AIPA exceeds constitutional authority due to virtually no limits on the president's tariff power [3] - A Supreme Court decision could potentially remove uncertainty by reverting to pre-tariff arrangements [11] Economic Impact on Wine Industry - Imposed tariffs have significantly impacted the wine importer's business, with profits down approximately 60% in the second quarter [4] - The tariffs are described as a "tax" paid to the federal government, creating a cash flow challenge for small businesses [4][5] - The wine and spirits business generates over $4 of GDP for every $1 of imports, impacting warehouse workers, truckers, stores, and restaurants [9] - The wine industry is experiencing a slump due to demographic reasons, with younger people drinking less, compounding the negative effects of tariffs [12] - Importers face risks due to upfront tariff payments on imported products, leading to business contraction [13][14] - The importer has already reduced the number of products offered by approximately 35% to 4% [14]