Politics10/20/2025β€’Bloomberg

Supreme Court Is Told Trump Tariffs Are Illegal $3 Trillion Tax

Supreme Court Is Told Trump Tariffs Are Illegal $3 Trillion Tax

The article discusses a legal challenge to President Trump's global tariffs by small businesses. The businesses argue that the tariffs, which were imposed on various imports, amount to an illegal tax on American companies. They are urging the Supreme Court to uphold lower court rulings that have deemed the tariffs as such. The businesses claim that the tariffs, which have totaled around $3 trillion, have had a significant negative impact on their operations. They contend that the president overstepped his authority in imposing the tariffs and that they should be struck down as unconstitutional. The case represents a major legal battle over the extent of the president's power to unilaterally impose trade barriers, with the Supreme Court set to play a key role in determining the outcome. The ruling could have far-reaching implications for the future of US trade policy and the balance of power between the executive and judicial branches.

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