With a 6-3 majority, the Supreme Court this morning ruled that the International Emergency Economic Powers Act (IEEPA) does not provide authority for the President to impose tariffs. Chief Justice John Roberts wrote the majority opinion and the court agreed that the tariffs exceeded the law. The court, however, did not say what should happen to the more than $130 billion in tariffs that has already been collected.
Continue reading »
President Donald Trump and Indonesian President Prabowo Subianto finalized a trade agreement that’s expected to lower U.S. tariffs and see Jakarta facilitate the purchase of an estimated $33 billion in American goods.
Continue reading »
A new study estimates new ingredient bans and labeling laws in three states will have short-term costs of at least $13.4 billion, with annual costs moving forward of over $12 billion.
Continue reading »
