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Supreme Court tariffs
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Trump’s tariff Plan B
Trump plots new tariffs after Supreme Court loss
President Trump is rushing to rebuild his tariff wall after the Supreme Court struck down a pillar of his trade agenda by ruling his use of the International Emergency Economic Powers Act (IEEPA) to justify them was unlawful.
Ahead of the first State of the Union address of his second term, Trump is racing ahead with his backup plan, laying the groundwork to replace tariffs he imposed on almost every U.S trading partner.
The court’s decision was a major blow to Trump and an important legal victory for thousands of businesses that may now be eligible for tariff refunds.
Even so, Trump still has plenty of power to impose new tariffs to replace the old, and he is warning trading partners against celebrating with his critics.
“Any Country that wants to ‘play games’ with the ridiculous supreme court decision, especially those that have ‘Ripped Off’ the U.S.A. for years, and even decades, will be met with a much higher Tariff, and worse, than that which they just recently agreed to,” Trump wrote Monday in a post on Truth Social.
Welcome to The Hill’s Business & Economy newsletter, I’m Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.
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Key business and economic news with implications this week and beyond:
Interior scales back environmental regulations for public lands
The Interior Department, which is in charge of the nation’s public lands and waters, has completed a major scaling back of its environmental regulations.
Netflix boss dismisses Trump’s demand for Susan Rice to be fired
Netflix CEO Ted Sarandos brushed aside a demand by President Trump that the company fire former Democratic diplomat Susan Rice from its board.
Senate Democrat: Trump has ‘no intention of following’ Constitution on tariffs
Sen. Jeff Merkley (D-Ore.) said President Trump has “no intention of following” the Constitution when it comes to tariffs, comments that came in the wake of a Supreme Court decision Friday that rejected the authority for many of Trump’s expansive tariffs.
Join Sen. Patty Murray (D-Wash.), Rep. Ashley Hinson (R-Iowa) and top strategists on March 4 to spotlight the women driving the 119th Congress. From AI to the economy, meet the women navigating the new political map. Register here.
Business and economic news we’ve flagged from other outlets:
Dow Drops More Than 800 Points on AI, Trade Uncertainty (CNBC)
Mortgage rates just dropped below 6%, matching lowest level since 2022 (CNBC)
Opinions related to business and economic issues submitted to The Hill:
Get excited for tax season: Historic refunds are on their way
Tolerance for mismanagement threatens progressive governance
You’re all caught up. See you tomorrow!
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