Facade of US Supreme court in Washington DC on sunny dayFrom an RV Industry Association (RVIA) report on the latest with the tariffs, which you can get on their website regularly here.
On Tuesday, Sept. 9, the Supreme Court agreed to quickly hear a pair of broad legal challenges to President Donald Trump’s use of emergency powers to impose tariffs on countries around the world.
By putting the cases on a highly accelerated track, with oral arguments in the first week of November, the justices indicated that they likely would resolve the issue quickly — perhaps as soon as the end of the year. The Trump administration is urging a rapid decision.
RVIA said that at issue in the cases are the tens of billions of dollars of tariffs that Trump has collected since February under the International Emergency Economic Powers Act.
The Congressional Budget Office has forecast Trump’s tariffs could reduce the budget deficit by $4 trillion over the next decade if left in place, while economists warn the tariffs could hurt U.S. economic growth and drive up inflation — making it one of the biggest economic issues the Supreme Court has ever faced.
The future of deals would be in doubt if the Supreme Court strikes down the duties, although it may not cause them to collapse since the Trump administration could draw on other authorities to authorize similar tariffs.
The case does not affect some other Trump tariffs, such as the 50% duties he has imposed on steel, aluminum and copper to protect national security and 25% duties on autos and auto parts using the same rationale.
Continue to get the latest updates from RVIA with the organization’s tariff tracker.
