Trump says he’ll raise tariffs to 15% after Supreme Court ruling
President Donald Trump on Monday threatened countries around the world to abide by any tariff deals they agreed to, despite the U.S. Supreme Court ruling that struck down many of his far-reaching taxes on imports.
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Senate Democrats are unveiling a bill to have the government refund about $175 billion in Trump-era tariff money after the Supreme Court ruled that President Donald Trump's emergency tariffs were illegal. The bill from Senators Ron Wyden, Ed Markey, and Jeanne Shaheen would order Customs and Border Protection to issue refunds within 180 days and pay interest. The bill prioritizes small businesses. It also urges big companies to pass refunds along to customers. The Supreme Court announced its 6–3 on Friday, but it gives little guidance on refunds. Trump says refunds could be tied up in courts for years.
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