The Fort Worth Press - Trump's global tariffs to face challenge before Supreme Court

USD -
AED 3.672498
AFN 63.000153
ALL 83.141978
AMD 376.485471
ANG 1.790083
AOA 917.000319
ARS 1368.006
AUD 1.45314
AWG 1.8025
AZN 1.700487
BAM 1.694558
BBD 2.010968
BDT 122.511751
BGN 1.709309
BHD 0.377004
BIF 2965.773868
BMD 1
BND 1.283101
BOB 6.914956
BRL 5.276697
BSD 0.998423
BTN 94.09624
BWP 13.729041
BYN 2.998376
BYR 19600
BZD 2.008109
CAD 1.38685
CDF 2285.499887
CHF 0.79772
CLF 0.023589
CLP 931.560016
CNY 6.91145
CNH 6.921963
COP 3689.46
CRC 462.899991
CUC 1
CUP 26.5
CVE 95.540739
CZK 21.33335
DJF 177.799726
DKK 6.495865
DOP 60.195193
DZD 133.15778
EGP 52.800598
ERN 15
ETB 154.307745
EUR 0.86936
FJD 2.257403
FKP 0.749063
GBP 0.753115
GEL 2.694963
GGP 0.749063
GHS 10.916401
GIP 0.749063
GMD 73.495771
GNF 8752.907745
GTQ 7.638886
GYD 208.893799
HKD 7.833495
HNL 26.511932
HRK 6.546603
HTG 130.753836
HUF 339.36101
IDR 16982
ILS 3.153401
IMP 0.749063
INR 94.77175
IQD 1307.999879
IRR 1313299.999846
ISK 124.660495
JEP 0.749063
JMD 156.917785
JOD 0.708972
JPY 159.849027
KES 129.907037
KGS 87.450232
KHR 3998.336553
KMF 427.000249
KPW 900.088302
KRW 1511.930155
KWD 0.30794
KYD 0.832088
KZT 480.998402
LAK 21565.798992
LBP 89410.383591
LKR 314.008846
LRD 183.234482
LSL 17.08101
LTL 2.95274
LVL 0.60489
LYD 6.375734
MAD 9.322411
MDL 17.537157
MGA 4161.215702
MKD 53.550332
MMK 2102.538494
MNT 3579.989157
MOP 8.045798
MRU 39.8269
MUR 46.770519
MVR 15.460236
MWK 1731.28406
MXN 18.05755
MYR 4.013006
MZN 63.909775
NAD 17.080862
NGN 1383.230512
NIO 36.742473
NOK 9.714203
NPR 150.534765
NZD 1.738295
OMR 0.384496
PAB 0.998471
PEN 3.455542
PGK 4.314509
PHP 60.534019
PKR 278.731944
PLN 3.72784
PYG 6536.015664
QAR 3.640948
RON 4.432101
RSD 102.102971
RUB 81.673918
RWF 1458.028296
SAR 3.752552
SBD 8.041975
SCR 13.467171
SDG 600.999975
SEK 9.449904
SGD 1.28793
SHP 0.750259
SLE 24.550303
SLL 20969.510825
SOS 570.594376
SRD 37.561976
STD 20697.981008
STN 21.225996
SVC 8.73675
SYP 110.526284
SZL 17.078983
THB 32.929501
TJS 9.556146
TMT 3.51
TND 2.938146
TOP 2.40776
TRY 44.458798
TTD 6.776842
TWD 31.972497
TZS 2576.486977
UAH 43.811372
UGX 3714.470144
UYU 40.481936
UZS 12161.933849
VES 466.018145
VND 26337.5
VUV 119.707184
WST 2.754834
XAF 568.30701
XAG 0.014772
XAU 0.000226
XCD 2.70255
XCG 1.799507
XDR 0.706792
XOF 568.311934
XPF 103.329218
YER 238.650219
ZAR 17.21025
ZMK 9001.196166
ZMW 18.745993
ZWL 321.999592
  • RELX

    -0.3350

    31.73

    -1.06%

  • BCC

    -0.1300

    74.19

    -0.18%

  • NGG

    -0.3600

    82.05

    -0.44%

  • JRI

    0.0050

    12.075

    +0.04%

  • CMSC

    0.0350

    22.88

    +0.15%

  • RIO

    0.1400

    85.91

    +0.16%

  • RYCEF

    -0.8200

    15.24

    -5.38%

  • CMSD

    -0.2600

    22.58

    -1.15%

  • RBGPF

    -13.5000

    69

    -19.57%

  • GSK

    0.6700

    54.66

    +1.23%

  • BCE

    -0.0100

    25.45

    -0.04%

  • AZN

    9.1400

    192.54

    +4.75%

  • VOD

    0.1100

    14.74

    +0.75%

  • BTI

    0.0549

    57.5

    +0.1%

  • BP

    0.0900

    46.28

    +0.19%

Trump's global tariffs to face challenge before Supreme Court
Trump's global tariffs to face challenge before Supreme Court / Photo: © AFP/File

Trump's global tariffs to face challenge before Supreme Court

The US Supreme Court is set to hear arguments Wednesday on the legality of Donald Trump's unprecedented use of powers for sweeping global tariffs in a case striking at the heart of the president's economic agenda.

Text size:

Since returning to the White House, Trump has invoked emergency economic powers to impose "reciprocal" tariffs over trade practices Washington deemed unfair, alongside separate duties targeting his country's biggest trading partners: Mexico, Canada and China.

But these tariffs, a key prong of his "America First" trade policy aimed at protecting and boosting US industries, swiftly faced legal challenges.

A lower court ruled in May that Trump exceeded his authority in imposing the duties, although the administration's appeal allowed them to temporarily stay in place.

The US Court of Appeals for the Federal Circuit ruled 7-4 in August that the levies were illegal -- affirming the lower court's finding -- prompting Trump to take the fight to the Supreme Court.

The top court's decision will have major ramifications, but this could take months.

The conservative-majority Supreme Court could find the tariffs illegal, blocking duties imposed on goods from countries worldwide. Or judges could affirm Trump's actions, opening the door to further levies.

Also at stake are billions of dollars in customs revenue already collected and Trump's efforts to leverage tariffs for favorable trade deals -- or other political priorities.

The Supreme Court's ruling, however, would not directly affect sector-specific tariffs Trump imposed, including on steel, aluminum and automobiles.

But even as Trump's tariffs have not sparked widespread inflation, US companies -- especially small businesses -- say they are bearing the brunt of additional costs.

- Existential threat -

"These tariffs threaten the very existence of small businesses like mine, making it difficult to survive, let alone grow," said Victor Schwartz, a lead plaintiff in this week's hearing.

"I was shocked that those with much more power and money did not step up," added Schwartz, the founder of a family-run New York wine company called VOS Selections.

Pointing to Trump's fast-changing tariff policies, Schwartz told reporters ahead of the hearing that small firms were "gambling with our livelihoods, trying to predict the unpredictable" as they set retail prices and stocked up on inventory.

Another New York-based business owner, Mike Gracie, who imports hand-painted wallpaper from China, said Trump's steep tariffs meant "hundreds of thousands of dollars" in new costs.

As Washington and Beijing engaged in a tit-for-tat tariff fight in April, US duties rocketed to 145 percent, an added bill that Gracie had to absorb.

"We didn't want to risk our business by raising prices," he told AFP. "But we can't continue indefinitely to absorb them."

Kent Smetters of the University of Pennsylvania noted that 40 percent of US imports are intermediate goods, meaning they are not for retail consumers. He warned that maintaining tariffs means US businesses "become less competitive."

- Possible outcomes -

Ryan Majerus, a former US trade official, told AFP that besides supporting or blocking Trump's global tariffs, the court could also allow their imposition with certain limitations.

The ruling could differentiate between "reciprocal" tariffs seeking to narrow trade gaps and others imposed to crack down on fentanyl entering the United States, added Majerus, a partner at law firm King & Spalding.

Even if the top court found Trump's global tariffs illegal, the administration could tap other laws to impose 15-percent tariffs for 150 days.

In the meantime, they could pursue investigations for more "durable tariffs" like those under Section 301 of the Trade Act, Majerus said, which also allows Washington to respond to conduct deemed unfair.

Because of these options, Majerus expects partners that have negotiated tariff deals with Trump might prefer to keep those terms rather than reopen talks.

Beyond deals, Smetters said the case has bearing on wider authorities.

"If the court really allows this to happen, then the question is, what else can the administration do without congressional approval?" he asked.

"That might spook capital markets a bit more."

A.Maldonado--TFWP