BUSINESS

World awaits landmark US Supreme Court decision on Trump's tariffs

President Donald Trump’s tariff strategy faces a pivotal Supreme Court test on Wednesday, as states and small firms argue his sweeping import taxes under the IEEPA are illegal and should be voided. Three lower courts have ruled against the administration, and businesses say sudden, shifting levies have upended operations—Learning Resources projects $14m in tariffs this year, while Cooperative Coffees has paid about $1.3m since April. A ruling could force refunds on tens of billions already collected. Trump says defeat would weaken the US, while Congress has mounted symbolic bipartisan rebukes.

Reviewed by JQJO team

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