Tariff’s ARE Import TAXES….
The American Consumer and Business ultimatly pays them in higher Consumer Prices….
While Donald Trump HAS raised these TAXES without the approval vcote’s from Congress?
The Nine Judges sitting on the US Supreme Court will by November, decide the Nation’s Import Tax Policy….
Their ruling will effect the almost the commerce and economies of almost the ENTIRE World…..
Trump IS trying to Black Mail the Court into letting him run his own show as President over Congress and the other Federal Courts which have solidly tried to clip his power grabbing…
But?
In the end?
Nine people could stop the economic slide a greedy , criminal, President has leveled on America and the World…
They could also be restoring their ‘independance’…
President Trump has warned that the cancellation of his wide-ranging tariffs, a decision now before the Supreme Court, would “literally destroy” the United States and turn it into a “third-world nation.”
To some economists and analysts, a court ruling throwing out many of Mr. Trump’s tariffs could instead resemble something like a corporate tax cut, traditionally a desirable policy outcome among Republicans. That is because many American companies have had to shoulder at least some of the costs caused by the taxes on imported goods, thinning profit margins and reducing spending on other business expenses.
A legal ruling ending many of Mr. Trump’s current tariffs would not only free firms from that tax burden but also potentially remit tens of billions of dollars in tariff revenue back to them.
“That would be a boost to the economy,” said Alex Durante, a senior economist at the Tax Foundation, a think tank that generally favors lower taxes. “You would be doing a tax cut. You would be undoing a tax increase, and you would provide relief to lots of businesses and consumers.”
Who actually bears the burden of paying Mr. Trump’s tariffs — and, therefore, who would benefit from their potential end — has been a central economic debate this year. Mr. Trump and members of his administration insist that the tariffs force companies overseas to cut the prices they charge American firms, meaning the tax effectively applies to foreign firms, not American ones.
But economists broadly agree that American businesses and consumers primarily pay for tariffs. The real question, to them, is the extent to which American businesses absorb the higher costs created by tariffs or pass them along to consumers in the form of higher prices….
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A Supreme Court ruling that affirms earlier decisions against many of Mr. Trump’s tariffs could help reverse some of those effects, but potentially only temporarily. Mr. Trump has other tariff authorities that he could try to invoke to replicate many of the trade barriers now in place…
Bessent Plans to Attend Tariff Arguments at the Supreme Court
Treasury Secretary Scott Bessent dismissed the idea that his presence could be seen as an attempt to intimidate the court on a case that President Trump considers vital to his economic policy.
Trump’s foe in tariffs case? A group funded by anonymous conservatives.
President Donald Trump is used to battles at the Supreme Court against liberal advocacy groups, but Wednesday’s high-stakes argument over his tariff policy features a very different foe — a legal center funded without public disclosure by some of the country’s wealthiest conservatives.
The cases on which the Supreme Court is scheduled to hear oral arguments were brought by small businesses, which argue that Trump’s tariffs have harmed them by raising their costs. Standing behind them, however — and paying for some of the high-priced legal talent — is the Liberty Justice Center, a nonprofit group with a libertarian-leaning agenda that has previously challenged public-sector unions and sued to prevent the ban on TikTok from taking effect.
Liberty Justice Center does not disclose the names of its donors, but a Washington Post analysis of tax filings found that since 2020, it has received money from Donors Trust, the Walton Family Foundation and the Bradley Foundation, all of which have been prominent conservative donors. Donors Trust is a fund that receives money from wealthy donors whose identities are not disclosed and steers it toward conservative causes. The group has frequently backed organizations associated with Federalist Society co-Chairman Leonard Leo, who counseled Trump on judicial picks during his first presidential term, but whom Trump denounced in May, in part because of the tariff case…..