Supreme Court-Tariffs-Businesses
FILE - Italian bottles of white wines are dispalyed at a liquor store in Niles, Ill., Thursday, March 13, 2025.
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Businesses face a new wave of uncertainty after the Supreme Court struck down tariffs imposed by President Donald Trump under an emergency powers law and Trump vowed to work around the ruling to keep his tariffs in place. The Trump administration says its tariffs help boost American manufacturers and reduce the trade gap. But many U.S. businesses have had to raise prices and adjust in other ways to offset higher costs spurred by the tariffs. It remains to be seen how much relief businesses and consumers will actually get from Friday’s ruling. Within hours of the court’s decision, Trump pledged to sign an executive order imposing a 10% tariff on all imports that would last 150 days.
