Trump Has Other Tariff Options
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By David Lawder WASHINGTON, Feb 20 (Reuters) - More than $175 billion in U.S. tariff collections are at risk of having to be refunded if the U.S. Supreme Court rules against President Donald Trump's broad emergency tariffs,
Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic currents would have on individuals' finances and the market.
Trump first slapped a 10% blanket tariff on all imports into the U.S., including from uninhabited islands, such as the Heard and McDonald islands, and on places with which the U.S. runs a surplus, such as the U.K.
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SCOTUS ruling could impact $175B in US tariff revenue: Report
In a 6-3 decision, the Supreme Court struck down President Donald Trump’s sweeping global tariffs.
The new tariffs could severely impact key exporters like China, the EU, Vietnam, and Taiwan, potentially leading to a significant decline in exports to the US. Markets are sharply down, with S&P 500 futures dropping over 3%, and further declines seem ...
In his Rose Garden announcement of sweeping new “reciprocal tariffs,” President Donald Trump held aloft a misleading chart that claimed to give a breakdown of the tariffs other countries charge the U.S. and the corresponding tariff that the U.S. will ...