Supreme Court hears arguments on the legality of Trump's tariffs

Supreme Court Hearing on Tariffs - The Supreme Court is hearing arguments regarding the legality of blanket tariffs imposed by the Trump administration [12] - The court's decision on the tariffs is expected to be made by the end of the year or early next year [9] - The core legal question is whether the president has the power to impose tariffs without congressional approval [22] Impact on Businesses - Small businesses are particularly vulnerable to the effects of tariffs, with some facing tariff increases as high as 100% [12][15] - Some small businesses are struggling to absorb the costs of tariffs and may be forced to raise prices for consumers [18][20] - If the tariffs are upheld, there is a risk of increased closures and bankruptcies among small businesses [23] Financial Implications - The government has collected $195 billion in revenue through tariffs this year through September [12] - Approximately half of the $195 billion in tariffs collected were imposed under the contested presidential authority [17] - The Trump administration argues that the tens of billions of dollars in monthly tariff revenue are incidental to the overall agenda [3]