Supreme Court ruling against Trump tariffs will offer relief, business owners say
CBSN
Business owners said that a Supreme Court ruling on Friday striking down sweeping U.S. tariffs could spell relief by lowering their costs and potentially leading to refunds. Edited by Alain Sherter
Business owners said that a Supreme Court ruling on Friday striking down sweeping U.S. tariffs could spell relief by lowering their costs and potentially leading to refunds.
The high court ruled that President Trump does not have the authority to impose levies on imports under the International Emergency Economic Powers Act, or IEEPA. Mr. Trump last year invoked the 1977 law to impose tariffs on dozens of U.S. trade partners, claiming that trade deficits and the flow of fentanyl and other illegal drugs into the U.S. constitute national emergencies.
Beth Benike, co-founder of Busy Baby, which makes mealtime accessories for babies, said previous uncertainty about the status of the IEEPA tariffs had forced her to halt all imports from China, where the Minnesota-based company's products are made. She also has inventory in China that her manufacturer is holding for her overseas.
"I should have had it shipped last month, but I was waiting for the Supreme Court decision, because it was the difference between paying an extra $48,000 [in tariffs] or not," she told CBS News before the Supreme Court issued its long-awaited decision on Friday.
A recent analysis from the Federal Reserve Bank of New York found that U.S. businesses and consumers bore the brunt of Mr. Trump's tariffs in 2025, paying for nearly 90% of the levies. The Trump administration disputes the analysis.
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