 | Hey , I’m about to catch you up to speed on tariffs in the simplest terms possible.
1) Trump used emergency powers to slap tariffs on imports, which turned out to cost Americans even more money for international products than most people expected.
2) Then, a NY lower court successfully argued that was illegal (for now), freezing the tariffs until October.
3) Now the case is heading to the Supreme Court, and Trump is begging the court to step in and hand him the green light.
If the Court says no, the U.S. may have to refund billions and rip up trade deals already signed. It’d mean Trump doesn’t have that kind of pull, and neither do future presidents.
If they say yes? It means presidents will have way more power to set trade rules without Congress. It’d be a major Trump win, and the tariffs would stay in place (along with all the trade deals that come with them).
Okay, cool. You’re up to speed.
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