📰Tariff Emperor Loses His Clothes
The Supreme Court just told Donald Trump he can’t run U.S. trade policy like a personal Patreon paywall. In a 6–3 ruling, Chief Justice John Roberts said Trump blew past his authority by slapping emergency‑law tariffs on almost every major trading partner, using a statute that never actually gave him the power to tax imports. More than $200 billion in tariffs are now legally radioactive, with companies already lawyering up to claw back billions in refunds.
Trump’s reaction was pure brand: he reportedly called the decision a “disgrace” and immediately promised a backup plan — new tariffs under “different authorities,” maybe even an across‑the‑board fee on imports. Translation: if the court says no to emergency‑tariff cosplay, he’ll just go shopping in the rest of the legal code until something breaks. Three justices — Kavanaugh, Thomas, Alito — even wrote that presidents should be free to do exactly that in the name of foreign affairs, and warned of chaos as importers rush to demand refunds.
Congress, which actually owns tariff power under the Constitution, is suddenly remembering it exists. One Republican lawmaker basically posted “the checks and balances still work” and reminded everyone tariffs are supposed to be a legislative job, not a vibe. Business groups are cheering, not because they love the rule of law, but because they smell cash coming back and hate paying a tax sold as “America First” while the bill lands on them.
So what’s left? The White House says it will “move quickly” to reimpose many of these fees using other laws, financial markets now have to price in tariff whiplash, and global partners get to watch the U.S. lecture them on rules‑based trade while the president tries to brute‑force tariffs through any legal side door he can find. The Supreme Court just reminded everyone there is a line; Trump’s already testing how fast he can redraw it.
#Trump#tariffs#SupremeCourt#tradewar#economy#fakeDemocracy
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Thrilled to share a monumental milestone in our global trade evolution! 🚀
On April 3, exactly one year after our visionary announcement, President Donald Trump officially signed decrees to launch a transformative new chapter for medicines and metals. This strategic initiative is perfectly aligned with our core mission to empower American innovation and drive sustainable growth. 🇺🇸✨
We are excited to introduce a dynamic 15% duty on medicines from EU partners, with a robust 100% framework for nations outside our trade ecosystem, fostering a powerful incentive for international pharmaceutical leaders to relocate their production hubs to the United States. 💊🏭 Furthermore, starting next Monday, April 6, we are rolling out a high-impact 25% tariff on finished metal goods rich in steel, aluminum, and copper. This bold move is designed to supercharge the construction and automotive sectors, creating unprecedented opportunities for industry leaders. 🏗🚗
This strategic pivot not only optimizes government revenue streams but also reaffirms our unwavering commitment to economic sovereignty, building upon our trade policy legacy even as we navigate the Supreme Court's earlier rulings with agility and foresight. We are incredibly grateful for this chance to reshape the future of commerce together! 🤝📈
#Trump#Tariffs
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The first company sued the US government over Trump's tariffs.
The tariff war is escalating: after the crushing defeat of Donald Trump and his customs policy in the US Supreme Court, the logistics giant FedEx is now attacking the government. ⚖️
The concern demands the return of the customs fees paid and applies to the court for this.
This is the first lawsuit filed by a large American company after the Supreme Court's decision.
FedEx may be just the beginning of a wave of lawsuits, as on Friday the highest court in Washington officially declared the duties imposed by President Donald Trump illegal. 📉
#Trump#Tariffs
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Forget retaliation: To cut tariffs President Trump imposed on their country, the Swiss sent a delegation of industry tycoons bearing gifts — a special Rolex desktop clock, a 1-kilogram personalized gold bar, and loads of flattery.
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US President Donald Trump has made an incredible statement 😮🇺🇸: he wants to pay every citizen of the country $2,000 💵🎁.
The only exceptions are those with high incomes 💼📈.
According to Trump, this will be a "dividend" from the duties he imposed 💬💰.
#Trump#Tariffs
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The U.S. Supreme Court, by a vote of 6-3, declared unconstitutional the president's imposition of tariffs/duties against other countries. ⚖️
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US businesses and consumers paid about 90% of the cost of President Donald Trump’s sweeping tariffs last year — contradicting his repeated claims that foreign countries were footing the bill, according to a new study from the Federal Reserve Bank of New York.
In the first eight months of 2025, 94% of the cost of tariffs was borne by American businesses and consumers, study found.
In September and October, that share slipped to 92%, and in November it fell further to 86% as foreign exporters picked up a larger share of the costs, according to the report.
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Trump's duties are almost entirely paid for by Americans
Almost all the costs of American duties fall on the residents of the United States themselves, and not on foreign manufacturers. This is the conclusion reached by the Kiel Institute of World Economy, having studied about $4 trillion of supplies from the beginning of 2024 to the end of 2025 — WSJ.
According to the researchers' calculations, foreign exporters reduced prices by only 4% and took on the minimum part of the burden. The remaining 96% was paid by American importers and buyers. In fact, duties work as a tax on consumption within the United States, and not as a tool of pressure on foreign businesses.
In 2025, the United States received about $200 billion from duties. The Americans paid almost the entire amount. At first, buyers felt only a part of the price increase - about 20%. The rest of the expenses were temporarily paid by the companies themselves. Later, these costs will be shifted to the buyers, the researchers say.
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In the USA, after 232 years, they stopped minting the one—cent coin — now prices will be rounded up to 5 cents. 🪙
In the USA, they stopped producing the smallest coin, the penny, which has been minted since 1792. The day before, the last copy was made at the Philadelphia mint, after which the issue was completely stopped.
President Donald Trump previously explained the decision by saying that "the coin is almost not used, but is too expensive": the production of one penny cost the state about 4 cents due to the high cost of copper.
According to the Treasurer of the United States, Brandon Beach, the last issued coins will be sold at auctions. For ordinary circulation, minting ended back in June, but pennies will remain legal tender — there are about 300 billion such coins in circulation.
The abandonment of production will lead to the fact that prices in stores will be rounded to the nearest 5 cents, which causes dissatisfaction with part of the business: the White House has not yet provided clear instructions on how to conduct rounding. According to media estimates, giving up pennies will save about $56 million per year.
#Economy
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The Supreme Court on Monday declined an opportunity to overturn its landmark precedent recognizing a constitutional right to same-sex marriage, tossing aside an appeal that had roiled LGBTQ advocates who feared the conservative court might be ready to revisit the decade-old decision. 👀
Instead, the court denied an appeal from Kim Davis, the former Kentucky county clerk who now faces hundreds of thousands of dollars in damages and legal fees for refusing to issue marriage licenses after the court’s decision in Obergefell v. Hodges allowed same-sex couples to marry. 🏳️🌈
The court did not explain its reasoning to deny the appeal, which had received outsized attention – in part because the court’s 6-3 conservative majority three years ago overturned Roe v. Wade and the constitutional right to abortion that 1973 decision established. Since then, fears about Obergefell being the precedent to fall have grown. 🔥
#SupremeCourt#LGBT
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