This Taxation Is Looking a Lot Like Theft
The Trump administration is trying to avoid paying refunds after illegally collecting $175 billion from its emergency tariff scheme.
The Trump administration is trying to avoid paying refunds after illegally collecting $175 billion from its emergency tariff scheme.
I was one of the participants, along with Zach Shemtob (SCOTUSblog) and Julie SIlverbrook (NCC).
Gregg Nunziata interviewed me.
American businesses and consumers absorbed nearly 90 percent of the 2025 tariffs' economic burden, the Federal Reserve Bank of New York found.
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It said that if it lost in court, it would refund companies that paid unlawful tariffs. Now it says the process could take years.
Only time will tell how great the impact of the ruling will really be. But, at this point, it seems like a very significant decision.
Although Trump has other options for taxing imports, the justices reminded him that he needs clear congressional authorization.
And that's especially true if the tariffs are illegal.
The conservative justice’s regrettable opinion in Learning Resources v. Trump.
The president is relying on a provision that the government's lawyers said had no "obvious application" to his goal of reducing the trade deficit.
The Court stopped a massive presidential power grab, but did not resolve a crucial issue about judicial review of executive use of emergency powers.
Attorneys for the Trump administration even admitted that Section 122 can't be applied to address trade deficits. Trump is now trying to do that anyway.
President Trump will undoubtedly keep trying to impose protectionism, but his options are limited.
It covers many issues raised by the decision.
Robby Soave and Jason Russell celebrate the SCOTUS tariff news before pivoting to the politics of the Winter Olympics.
What explains the fracture in the Supreme Court's "conservative bloc"?
Thanks to our victory in the tariff case before the Supreme Court, businesses that paid billions of dollars in illegally collected tariffs can seek refunds. But the process may be difficult.
The new tariff will be implemented under a 1974 law that gives the president authority to impose tariffs for up to 150 days.
The battle against the president's so-called reciprocal tariffs is won, but the war for free trade and a stable business environment continues.
There are many laws that explicitly authorize the president to impose taxes on imports, but they include limits that Trump was keen to avoid.
"There is no exception to the major questions doctrine for emergency statutes," wrote Chief Justice John Roberts.
In a 6-3 decision, the Court ruled that the International Emergency Economic Powers Act does not authorize tariffs.
It's a good thing that trade deficits aren't actually a national emergency.
Plus: Tariffs, tariffs, and even more news about tariffs! And George W. Bush has some interesting thoughts about George Washington.
In its effort to protect global forests, the E.U. is imposing complex tracking requirements that could raise prices and create new trade hurdles.
Finally given a chance to influence trade policy, the vast majority of House Republicans decided it was more important to keep President Donald Trump happy.
But the numbers are a long way from a veto-proof majority, so Wednesday's vote may be a purely symbolic victory for free traders.
The story is an exercise in pettiness but also a perfect reason why Congress and the Supreme Court should limit the president's power grab.
Three Republicans defected to vote down an arcane procedural rule that would have made it impossible for the House to vote on Trump’s tariffs until August.
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A new poll finds that even white men without college degrees, a key voting constituency for Trump, don’t approve of the president’s handling of the economy.
The president's article in The Wall Street Journal is wildly misleading.
A Canadian boycott and retaliatory trade barriers have wiped out U.S. wine and spirits sales abroad, costing American producers jobs, revenue, and entire export markets.
Limited government means those in power can do limited damage to the rest of us.
Meanwhile, Trump is touting low gas prices, which are due in part to the lack of tariffs on oil and gasoline.
Staffers say they were told that if they couldn't agree with these ideas they should leave. Many have.
Economic globalization and financial markets encourage the "Trump always chickens out" (TACO) cycle. If you like peace, that’s a good thing.
A House rule prohibiting tariff resolutions from coming to the floor will expire at the end of the month and is unlikely to be renewed.
Threatening European allies to further tax American citizens is unlikely to persuade them to surrender Greenland to the United States.
The real squeeze comes from government-distorted markets, not economic decline.
Their trade group filed a petition asking the government to impose quotas and a 50 percent tariff on all imported quartz.
Trump's second term lurches forward, powered by monarchical authoritarianism
In an interview with Reason, CNN's Scott Jennings recounts the conversation he had with the tech entrepreneur about his distaste for exorbitant government spending.
Presidents should try to nudge the world toward more trade and less war whenever possible. Trump is doing the opposite.
From COVID-19 lockdowns to Biden's inflation and Trump's tariffs, bad things have happened when economics are sidelined in policymaking.
Past societies tried to regulate their way to stability. But it came at a great cost.
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