|
To receive daily emails from Breaking Christian News to your inbox CLICK HERE
American Consumers Footing the Bill: Supreme Court Hears Arguments on Trump's Tariff Power"Does the president have any power to set tariffs, which are taxes? And the Constitution is very clear that it is Congress that has the power to tax not the president. And so, there's a lot of different directions the court could do here," Jacob told CBN News.
A majority of the justices, including several conservatives, expressed doubts over President Trump's recent use of emergency powers to impose tariffs. "Could the president impose a 50% tariff on gas-powered cars and auto parts, just to deal with the unusual, extraordinary threat from abroad in climate change?" Justice Neil Gorsuch asked Solicitor General D. John Sauer. "It's very likely that can be done. This administration would say that's a hoax. It's not - it's not a real crisis," said Sauer. During an appearance on CBN's Faith Nation, Brad Jacob, Associate Dean of Regent University's School of Law, explained the legal questions surrounding the issue. "Does the president have any power to set tariffs, which are taxes? And the Constitution is very clear that it is Congress that has the power to tax not the president. And so, there's a lot of different directions the court could do here," Jacob told CBN News. The outcome of the case has huge political implications for the president's trade policy and economic consequences for consumers and businesses. In April, the Trump administration declared an emergency over trade imbalances and the inflow of fentanyl and issued tariffs on several countries, including China, Mexico, and Canada. Several states and a group of small business owners sued the administration over the tariffs. "For nearly 40 years, my family has built this business from the ground up," said Victor Schwartz, a plaintiff and founder of a wine and liquor importing business in New York. "Today, reckless tariffs threaten everything we've achieved. Let's be clear, these tariffs aren't paid by foreign governments or companies. It's American businesses like mine and American consumers that are footing the bill." On CBS's 60 Minutes, President Trump defended his actions, claiming tariffs will eventually rejuvenate the US economy. "Because of tariffs, we have the highest stock market we've ever had. Because of tariffs, 401K's are at the highest level. I think it's the most important subject discussed by the Supreme Court in 100 years," said the President. "Lower courts already said the tariffs were illegal but kept them in place," commented Kelly Wright, CBN News White House Correspondent. "If the challengers win, the government could owe businesses billions in refunds. That is something one of the justices said could be a mess." Meanwhile, financial markets will be watching the outcome of the case, given how a potential ruling could impact the economy. The court is expected to hand down a decision by the end of June. Subscribe for free to Breaking Christian News here
To receive daily emails from Breaking Christian News to your inbox CLICK HERE
Other Recent Articles from Breaking Christian News Evangelical Leaders Return to Oval Office to Pray over Trump Terrorists Transformed into Evangelists: YWAM Reports Powerful Stories of Redemption in Nigeria Trump Threatens Not to Sign New Legislation until Senate Passes SAVE America Act Media Ignored Gabbard's 2025 Islamization Warning, but Hill GOPers Are Taking Action NYC: Counter-Protester Lights Explosive amid Anti-Mamdani Protest, Utters 'Allahu Akbar' Iran's Regime Confirms New Supreme Leader Mojtaba Khamenei Already 'Is Wounded' Devout Jew Decides to Disprove Scripture by Reading the Bible; Is 'Blown Away' by What He Finds South Dakota Passes Prenatal Development Education Bill How Is a Free Cuba in the National Interest of the United States? [Video] Trump Has Highest Own-Party Approval of Any 21st Century President, CNN Survey Shows Trump Says Only Iran Deal He Will Accept Is 'Unconditional Surrender' 'Don't Mess With Texas': 'Overwhelming' Push Back on Sharia Law in the Lone Star State Search the Articles Archives |
All articles on this site and emails from BCN are copyrighted property of Breaking Christian News. Permission is given to link to, or share a BCN story if proper attribution is given to both the original writer and summarizer of the story. Breaking Christian News 2005-2019. All Rights Reserved.
Breaking Christian News is a division of Elijah List Publications, Inc. All Rights Reserved
Disclaimer: Articles and links, as well as the source articles linked to; do not necessarily reflect the opinion of Breaking Christian News.
| Home | Store | Subscribe | Facebook | Article Archive |