The Supreme Court struck down the IEEPA tariffs in February, so why are Americans still paying tariffs? The administration replaced them, first with temporary Section 122 tariffs and now with 10 to 12.5 percent Section 301 tariffs on nearly every US trading partner.
Kyle sits down with cohost Erica York to catch up on tariffTariffs are taxes imposed by one country on goods imported from another country. Tariffs are trade barriers that raise prices, reduce available quantities of goods and services for US businesses and consumers, and create an economic burden on foreign exporters. policy. Together, they look at how tariffs may cancel out the investment boost from full expensingFull expensing allows businesses to immediately deduct the full cost of certain investments in new or improved technology, equipment, or buildings. It alleviates a bias in the tax code and incentivizes companies to invest more, which, in the long run, raises worker productivity, boosts wages, and creates more jobs. and discuss the ongoing court cases that could still strike down the new tariffs.
Links
- Exporters Bore Higher Share of the 2025 Tariffs than Previously Estimated, New Research Finds See more
- Tariff Refunds Have Wiped Out Tariff Revenue Since May See more
- No, Tariffs Can’t Fund $5,000 Dividends to All Adult US Citizens See more
- Supreme Court Strikes Down President Trump’s Tariffs See more
- Trump Tariffs: Tracking the Economic Impact of the Trump Trade War See more
- Who Has the Authority to Levy Tariffs? See more
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