Reported about 4 hours ago
President Trump's tariff hikes, intended to reduce budget deficits, now face legal scrutiny that could jeopardize government finances. With the legality of tariffs imposed under the International Emergency Economic Powers Act in question after a federal court ruling, there are concerns about potential large refunds if the Supreme Court does not rule in favor of the administration. As tariff revenue, despite a significant increase, still falls short of covering the growing deficit, businesses, like the toy maker hand2mind Inc. affected by fluctuating duties, express frustration over the uncertainty impacting their operations.
Source: YAHOO