Trump Imposes New Tariffs After Supreme Court Rejection
Donald Trump issued a 10% import tariff starting February 24 after the Supreme Court ruled his previous trade penalties unconstitutional.The judicial decision found that the executive branch exceeded its authority by bypassing Congress to implement broad national emergency duties.Illinois Governor JB Pritzker and Nevada Treasurer Zach Conine are now leading a national effort to reclaim up to $175B in collected revenues.Republican politicians are worried that the new tariffs will create economic uncertainty and damage party prospects in the midterm elections.