Not much has changed yet.
One big group of winners will be all the lawyers hired by companies to sue for money back
But you already as a consumer paid some higher prices. So the money ought to go back to you, but also some importers ate the cost of some tariffs. the SC ruling opened up a can of worms on who will get what refunds if any. IF those importers passed on the cost of tariff to consumers, then why should they get anything back! That would be unfair trade practice right there. Getting a lot of money they don't deserve, be a huge gain for them while you are paying the higher cost and also the loss of tax revenue as the government has to refund money to corporations. So a double whack, on you and your future taxes which likely will go up even more.
Most likely a combination of some importers eating tariff costs to keep sales up while also passing on tariff costs as in higher prices you paid.
What a mess to sort that out
The orders continued exemptions already in place for aerospace products; passenger cars and some light trucks; goods from Mexico and Canada that are compliant with the U.S.-Mexico-Canada trade agreement; pharmaceuticals and certain critical minerals and agricultural products.
Trump's Treasury Secretary, Scott Bessent, said the new 10% duties and potentially enhanced tariffs under the Section 301 unfair practices statute and the Section 232 national security statute would result in virtually unchanged tariff revenue in 2026.
"We will get back to the same tariff level for the countries. It will just be in a less direct and slightly more convoluted manner," Bessent told Fox News, adding that the Supreme Court decision had reduced Trump's negotiating leverage with trading partners.
The never-used Section 122 authority allows the president to impose duties of up to 15% for up to 150 days on any and all countries to address "large and serious" balance of payments issues. It does not require investigations or impose other procedural limits. After 150 days, Congress would need to approve their extension.
One big group of winners will be all the lawyers hired by companies to sue for money back
But you already as a consumer paid some higher prices. So the money ought to go back to you, but also some importers ate the cost of some tariffs. the SC ruling opened up a can of worms on who will get what refunds if any. IF those importers passed on the cost of tariff to consumers, then why should they get anything back! That would be unfair trade practice right there. Getting a lot of money they don't deserve, be a huge gain for them while you are paying the higher cost and also the loss of tax revenue as the government has to refund money to corporations. So a double whack, on you and your future taxes which likely will go up even more.
Most likely a combination of some importers eating tariff costs to keep sales up while also passing on tariff costs as in higher prices you paid.
What a mess to sort that out
The orders continued exemptions already in place for aerospace products; passenger cars and some light trucks; goods from Mexico and Canada that are compliant with the U.S.-Mexico-Canada trade agreement; pharmaceuticals and certain critical minerals and agricultural products.
Trump's Treasury Secretary, Scott Bessent, said the new 10% duties and potentially enhanced tariffs under the Section 301 unfair practices statute and the Section 232 national security statute would result in virtually unchanged tariff revenue in 2026.
"We will get back to the same tariff level for the countries. It will just be in a less direct and slightly more convoluted manner," Bessent told Fox News, adding that the Supreme Court decision had reduced Trump's negotiating leverage with trading partners.
The never-used Section 122 authority allows the president to impose duties of up to 15% for up to 150 days on any and all countries to address "large and serious" balance of payments issues. It does not require investigations or impose other procedural limits. After 150 days, Congress would need to approve their extension.
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