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The court’s decision centers on the tariffs trump slapped in april on almost all u.s Explore the impacts of tariffs imposed by canada, the united states, china, europe and more on global markets and industries. Trading partners and levies he imposed before that on china, mexico and canada.
Tariff revenues surged to $30 billion in august as total 2025 collections reach $183.1 billion, despite court ruling against trump's emergency tariff powers. Get the latest global tariff news and international trade war developments Government could have to refund domestic businesses billions in tariffs, should the supreme court uphold a recent federal appeals court ruling.
Latest trade policy updates, tariff changes, and international trade news
The president again extended a deadline to negotiate alternatives to steep 'liberation day' tariffs, this time framed as new levies on japan, south korea and elsewhere starting at 25% in august. A wide swath of president trump's tariffs were shot down by a federal appeals court on friday, which found the administration's use of emergency economic powers to impose reciprocal tariffs on.
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