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Even after the Supreme Court invalidated many of the president’s levies, foreign leaders and executives assume that U.S. tariffs are here to stay, in one form or another.
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The exemption was shut down last year by President Trump based, in part, on the same legal grounds as the tariffs that were invalidated by the Supreme Court.
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Some companies could decide to temper price increases, but the effect would take time to materialize.
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In his concurrence to the ruling invalidating President Trump’s tariffs, Justice Neil M. Gorsuch made a forceful case for the sanctity of the legislative process — and an implicit critique of its current dysfunction.
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President Trump’s top cabinet officials are pumping iron in public.