Tag: Steel Industry

By Christina Shaw | Fox News Treasury warns striking down tariffs could force refund of $159B already collected since August The Trump administration asked the Supreme Court Wednesday to quickly make a decision on whether President Donald Trump has the authority to impose his sweeping tariffs under federal emergency law. This appeal is a result of a federal appeals court ruling 7-4 that a vast majority of Trump’s tariffs were illegal according to the 1977 International Emergency Economic Powers Act even though it allowed the duties to remain until the case was resolved. Many states and small businesses challenged Trump’s tariffs in a lawsuit saying they were causing serious economic harm. "These unlawful tariffs are inflicting serious harm on small businesses and jeopardizin...