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Tag: International Emergency Economic Powers Act (IEEPA)

Trump’s tariffs cost households $1,000 in 2025, set to rise to $1,300 in 2026: Research group finds

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President Donald Trump’s tariffs will cost the average American household $1,000 in 2025, according to new research from the non-profit Tax Foundation. The burden is expected to rise to $1,300 per household in 2026 if the existing tariffs remain in place. Trump has imposed multiple tariffs on US trading partners, including China, Canada, Mexico, and…

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Treasury Secretary Bessant says Supreme Court ‘very unlikely’ to overturn Trump’s use of emergency powers to impose tariffs

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Treasury Secretary Scott Bessent said on Sunday (January 18) that it is “very unlikely” the Supreme Court will overturn President Donald Trump’s use of emergency powers to impose tariffs on several countries. A potential ruling is expected as soon as this week. “I believe that it is very unlikely that the Supreme Court will overrule…

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