Rich Stein (he/him)Happy Liberation from Liberation Day —
"While the ruling delivers relief from the IEEPA tariffs, which we estimated would shrink long-run US GDP by 0.3 percent, the Section 232 tariffs remain in place. We estimate they will raise $635 billion over the next decade, and cost US households $400 on average in 2026. Uncertainty continues..."
https://taxfoundation.org/blog/supreme-court-trump-tariffs-ruling/
https://qz.com/supreme-court-strikes-down-trump-tariffs
https://www.cbc.ca/news/canada/british-columbia/bc-premier-eby-trump-tariff-ruling-9.7099563
https://www.americanbanker.com/news/supreme-court-strikes-down-trumps-liberation-day-tariffs
#LiberationDay #tariffs #SCOTUS
Supreme Court Strikes Down President Trump’s Tariffs
The Supreme Court ruling against the IEEPA tariffs provides immediate relief to US businesses and workers and is a welcome rebuke of President Trump’s overreach of executive authority to unilaterally impose significant tax hikes on the US economy.