Mon, 03 Nov 2025

Mon, 03 Nov 2025 World awaits landmark US Supreme Court decision on Trump's tariffs

The top US court will decide if many of Trump's tariffs are legal in a case with major implications for presidential power and billions of dollars.

* The court will hear arguments on Wednesday, with a decision expected by January
* If the tariffs are deemed illegal, the government may have to refund billions of dollars collected through them
* Businesses and states claim the tariffs violate the US Constitution and are an abuse of presidential power
* Opponents argue that only Congress can establish taxes under the Constitution
* The case could limit the president's ability to use tariffs as a tool in trade negotiations
* If the court rules against Trump, it may have far-reaching implications for global trade and economies
* Businesses like Learning Resources and Cooperative Coffees are already feeling the disruption caused by the tariffs, with some estimating losses of over $10m
* The White House has warned that if the court takes until June to make a decision, the sum of tariff revenue could swell to $1tn
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