Close Menu
  • Home
  • United States
  • World
  • Politics
  • Business
  • Lifestyle
  • Entertainment
  • Health
  • Science
  • Tech
  • Sports
  • More
    • Web Stories
    • Editor’s Picks
    • Press Release

Subscribe to Updates

Get the latest USA news and updates directly to your inbox.

What's On
Claudia Oshry Claims New ‘RHONY’ Cast Member Hailey Glassman Has Been an ‘Internet Troll’ for Years

Claudia Oshry Claims New ‘RHONY’ Cast Member Hailey Glassman Has Been an ‘Internet Troll’ for Years

March 4, 2026
Lakers able to pull off win against Pelicans despite turnover troubles

Lakers able to pull off win against Pelicans despite turnover troubles

March 4, 2026
Incumbent Rep. Dan Crenshaw loses Texas GOP primary race

Incumbent Rep. Dan Crenshaw loses Texas GOP primary race

March 4, 2026
Facebook X (Twitter) Instagram
Trending
  • Claudia Oshry Claims New ‘RHONY’ Cast Member Hailey Glassman Has Been an ‘Internet Troll’ for Years
  • Lakers able to pull off win against Pelicans despite turnover troubles
  • Incumbent Rep. Dan Crenshaw loses Texas GOP primary race
  • Cleveland, Ohio police find 2 girls dead in suitcases buried in shallow graves
  • Madeline Ross Dead: Popular Streamer Adin Ross’ Sister Was 36, Medical Examiner Confirms
  • Jonathan Drouin, Ryan Pulock questionable for Islanders’ matchup with Ducks
  • Heated GOP Texas Senate primary heads to runoff between Cornyn and Paxton
  • United States and Ecuador launch joint operations against narco-terrorists
  • Privacy
  • Terms
  • Advertise
  • Contact Us
Join Us
USA TimesUSA Times
Newsletter Login
  • Home
  • United States
  • World
  • Politics
  • Business
  • Lifestyle
  • Entertainment
  • Health
  • Science
  • Tech
  • Sports
  • More
    • Web Stories
    • Editor’s Picks
    • Press Release
USA TimesUSA Times
Home » With no ruling today on Trump tariffs, Supreme Court won’t issue key decision until at least next month
With no ruling today on Trump tariffs, Supreme Court won’t issue key decision until at least next month
Business

With no ruling today on Trump tariffs, Supreme Court won’t issue key decision until at least next month

News RoomBy News RoomJanuary 21, 20262 ViewsNo Comments

The Supreme Court’s lack of a ruling on the legality of President Trump’s sweeping tariff regime on Tuesday means the case won’t get resolved until at least next month.

The closely watched case on whether it’s constitutional for Trump to issue painful tariffs under the 1977 International Emergency Economic Powers Act remained at a standstill on Tuesday.

With the justices now heading into a four-week recess, the earliest possible date for a ruling is Feb. 20.

The case was fast-tracked after oral arguments on Nov. 5.

Lower courts previously ruled that Trump exceeded his authority by using emergency powers to impose broad tariffs.

Legal analysts say the Supreme Court’s repeated postponements on issuing a decision may reflect internal debate — not just over whether the tariffs are lawful, but over what remedy would apply if the court rules against Trump.

Some court watchers have suggested the justices could seek a middle ground that curbs future tariffs while limiting or avoiding retroactive refunds, which could exceed $130 billion and deal a major blow to the US Treasury.

Treasury Secretary Scott Bessent has publicly played down the risk of a defeat, predicting the court is unlikely to strike down what he has called the president’s “signature economic policy.”

“I believe that it is very unlikely that the Supreme Court will overrule a president’s signature economic policy,” Bessent said Sunday on NBC’s “Meet the Press,” arguing the justices would be reluctant to create economic chaos.

Members of the Trump administration have said the president would immediately replace the duties if the court strikes them down.

The prolonged silence from the court comes as Trump continues to expand his use of tariffs as leverage, including fresh threats against European allies tied to his push to acquire Greenland.

In a social media post Saturday, the president announced new tariffs on Denmark, France, Germany, the United Kingdom and four other European countries as part of his push to annex Greenland.

The 10% levies, which will start Feb. 1 and jump to 25% on June 1, sent shockwaves through global stock markets.

The Trump administration has argued the tariffs are a tool to raise significant tax revenue for the US government and give the nation the upper hand in foreign negotiations.

A study published Monday found Americans are bearing 96% of the cost President Trump’s tariffs – contradicting White House claims that foreign exporters are eating the added costs.

Charlie Gasparino has his finger on the pulse of where business, politics and finance meet

Sign up to receive On The Money by Charlie Gasparino in your inbox every Thursday.

Thanks for signing up!

US customs revenue soared roughly $200 billion in 2025 – but it was “a tax paid almost entirely by Americans,” according to research from the Kiel Institute, a German think-tank, which analyzed $4 trillion worth of shipments from January 2024 through November 2025.

For every $100 collected in tariff revenue, roughly $96 comes out of American pockets and just $4 is coughed up by foreign exporters, according to the study.

Instead of slashing prices to swallow the tariff costs, it appears most foreign exporters are simply reducing their market share in the US – banking on other global markets to make up the difference.

“The average tariff imposed by America has increased by almost tenfold under President Trump, and inflation has continued to cool from Biden-era highs,” White House spokesman Kush Desai told The Post.

“The Administration has consistently maintained that foreign exporters who depend on access to the American economy, the world’s biggest and best consumer market, will ultimately pay the cost of tariffs, and that’s exactly what’s playing out.”

Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

Papa John’s closing hundreds of restaurants in major shake up

Papa John’s closing hundreds of restaurants in major shake up

Goldman Sachs lawyer Kathy Ruemmler set to face Congress over Jeffrey Epstein ties

Goldman Sachs lawyer Kathy Ruemmler set to face Congress over Jeffrey Epstein ties

OpenAI’s Sam Altman fends off ‘painful’ backlash to Pentagon AI deal — including chalk-wielding activists

OpenAI’s Sam Altman fends off ‘painful’ backlash to Pentagon AI deal — including chalk-wielding activists

Ex-Goldman CEO Lloyd Blankfein  sounds alarm on private credit — warning it ‘smells’ like 2008

Ex-Goldman CEO Lloyd Blankfein sounds alarm on private credit — warning it ‘smells’ like 2008

Here’s how much Apple is raising prices on MacBooks

Here’s how much Apple is raising prices on MacBooks

Some Amazon services in Middle East go offline due to data center drone strikes, company says

Some Amazon services in Middle East go offline due to data center drone strikes, company says

Dow plunges 1,000 points as oil, gas prices surge after Iran orders Strait of Hormuz closure

Dow plunges 1,000 points as oil, gas prices surge after Iran orders Strait of Hormuz closure

Exclusive | Utah Sen. Mike Lee urges DOJ, FTC to probe soaring costs of watching NFL, other pro sports on streamers

Exclusive | Utah Sen. Mike Lee urges DOJ, FTC to probe soaring costs of watching NFL, other pro sports on streamers

Exclusive | AI giant Anthropic ‘philosopher’ Amanda Askell’s oddball blog posts surface after Trump blasts ‘leftwing nut jobs’

Exclusive | AI giant Anthropic ‘philosopher’ Amanda Askell’s oddball blog posts surface after Trump blasts ‘leftwing nut jobs’

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Lakers able to pull off win against Pelicans despite turnover troubles

Lakers able to pull off win against Pelicans despite turnover troubles

March 4, 2026
Incumbent Rep. Dan Crenshaw loses Texas GOP primary race

Incumbent Rep. Dan Crenshaw loses Texas GOP primary race

March 4, 2026
Cleveland, Ohio police find 2 girls dead in suitcases buried in shallow graves

Cleveland, Ohio police find 2 girls dead in suitcases buried in shallow graves

March 4, 2026
Madeline Ross Dead: Popular Streamer Adin Ross’ Sister Was 36, Medical Examiner Confirms

Madeline Ross Dead: Popular Streamer Adin Ross’ Sister Was 36, Medical Examiner Confirms

March 4, 2026

Subscribe to News

Get the latest USA news and updates directly to your inbox.

Latest News
Jonathan Drouin, Ryan Pulock questionable for Islanders’ matchup with Ducks

Jonathan Drouin, Ryan Pulock questionable for Islanders’ matchup with Ducks

March 4, 2026
Heated GOP Texas Senate primary heads to runoff between Cornyn and Paxton

Heated GOP Texas Senate primary heads to runoff between Cornyn and Paxton

March 4, 2026
United States and Ecuador launch joint operations against narco-terrorists

United States and Ecuador launch joint operations against narco-terrorists

March 4, 2026
Facebook X (Twitter) Pinterest WhatsApp TikTok Instagram
© 2026 USA Times. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.