Tariffs bring in anywhere from 190 to 600 billion. Supreme Court may end that all Friday.
We’re hearing that the Supreme Court will be deciding on Friday with the tariffs and Trumps power to impose them. Judges on both sides sounded as if he did not have that authority.
Trump was not the first to do this.
Barack Obama
Imposed tariffs on Chinese tires and solar panels under trade‑remedy laws.
George W. Bush
Imposed tariffs on steel imports in 2002.
Bill Clinton
Used tariffs in narrow cases tied to trade disputes (e.g., Japanese luxury cars).
Ronald Reagan
Imposed tariffs and quotas on motorcycles, steel, and semiconductors.
