Reported 1 day ago
The Supreme Court has begun reviewing President Trump's blanket tariffs amidst a heated debate over whether they should be classified as taxes. Trump's Solicitor General contends that these tariffs are merely regulatory measures rather than revenue-generating taxes, a claim met with skepticism from justices who argue that tariffs function as taxes imposed on Americans. This case, pivotal to Trump's trade policies, raises critical questions about presidential powers and the true financial impact of tariffs on the American economy.
Source: YAHOO