The Supreme Court granted an unusually quick hearing on President Donald Trump’s sweeping tariffs on Tuesday, putting a policy at the center of his economic agenda squarely before the nation’s highest court.
U.S. tariffs hit car companies hard in July.
Some of the industries most exposed to tariffs are losing jobs.
The Trump administration took the fight over tariffs to the Supreme Court on Wednesday, asking the justices to rule quickly that the president has the power to impose sweeping import taxes under federal law.
President Donald Trump is seeking a swift and definitive decision on tariffs from the Supreme Court that he helped shape, saying the country would be on “the brink of economic catastrophe” without the import taxes he has imposed on U.S. rivals and allies alike.
World shares were mixed on Monday as investors watched for further developments after a U.S. court ruled against President Donald Trump’s sweeping higher tariffs.
The era of cheap imports may be over now that President Trump has ended the Minimis Tax Exemption as of Friday, August 29.
$22 billion, that’s how much the United States collected in tariff payments from importers on Friday, August 22.
Steep U.S. tariffs on a range of Indian products took effect Wednesday, threatening a serious blow to India’s overseas trade in its largest export market.
Losing “De Minimis” could cause maximum problems for companies and online sellers like Amazon Haul, Etsy and Shopify.
