In one respect this decision is not altogether surprising.The way the Supreme Court hearings were going, this seemed the most likely decision from the US judiciary. Even so, it's an enormous blow to the Trump regime.The best place to begin understanding this is to go all the way back in history to the US constitution.At the heart of it was the notion that the president should not have the unilateral power to set taxes which, back then at least, mostly consisted of tariffs. Tariffs, in other words, needed to ...

President Donald Trump raged at the Supreme Court majority that struck down the centerpiece of his economic agenda, sweeping tariffs imposed on countries worldwide. Appearing in the White House briefing room, where the lighting was dimmed, Trump called the ruling “deeply disappointing” and said that he was “absolutely ashamed” of the majority of the court for “Not having the courage to do what’s right for our country.” The president also vowed to push forward on his tariffs, citing authority from other tr ...

I interrogates very carefully there about the idea of folks that this is not a big deal. I'm going to go against that. I think it is a huge deal on a legal basis.I'll defer to June Grasso was prodigious chops all the people at Bloomberg opinion. But what I look at frankly more, Joe, is your area, which is the politics of it. And I think there's been a huge historical struggle here with we've done this before and I'm going to go back to 1890 when the Irish protectionist William McKinley in Congress lost his ...

Key Takeaways Bye-bye, tariffs—and buy, buy stocks that were pressured by them. Shares of a range of consumer-oriented companies rose Friday following the Supreme Court's ruling that struck down many of the Trump administration's tariffs. While the path forward for the administration, the import taxes and related policy remains uncertain, in the immediate term investors are bidding some shares higher. Investors got some measure of tariff relief on Friday after the court ruling, with some shares—consumer- fo ...

Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...

In a blow to one of President Donald Trump's signature policies, the Supreme Court struck down a significant portion of the administration's tariffs, imposed on nearly all major U.S. trading partners. On April 2 of last year, which Trump dubbed "Liberation Day," the 47th President imposed high tariffs, stunning investors and triggering a near-instant bear market. A lot has happened since that time. Trump has delayed or reversed some of the tariffs and reached trade deals with many countries. The market ha ...

Company Overview - Learning Resources Inc is a family-owned toy business based in Illinois, founded in 1984, with roots tracing back to a business started by the founder's grandfather over a century ago [8]. Legal Context - The U.S. Supreme Court recently struck down President Trump's tariffs imposed under the International Emergency Economic Powers Act, which had significant implications for importers [2]. - Learning Resources was among the first small businesses to file a lawsuit against these tariffs, initiated in April [3]. Financial Implications - The Supreme Court ruling may entitle Learning Resources and other importers to a share of billions of dollars in refunds, although the specifics of the refund process remain unresolved [3][7]. - Small businesses like Learning Resources represent approximately 97% of U.S. importers, collectively importing goods worth around $868 billion annually, highlighting the economic impact of the tariffs on these businesses [5]. Business Perspective - The CEO of Learning Resources expressed hope that the ruling would prompt a reevaluation of priorities and actions within the business community [4]. - The company views the legal battle not as a political issue but as a matter of financial fairness, emphasizing that the tariffs represent an undue tax burden [6][7].

The fast-food sandwich sector has battled economic issues over the last year, leading franchisees to close locations and, in some cases, file for bankruptcy protection. Rising costs of labor and products driven by inflation and increased tariffs are among the economic issues sandwich chains have faced. Tariffs in 2025 increased the costs of essential sandwich shop products, such as imported cheeses, olive oil, seafood, and aluminum canned beverages, according to data provider IBISWorld. Wholesale food ...

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The Supreme Court's decision puts into issue billions collected in tariffs over the past year. ...