If it seems like everything is expensive these days, it might not be just because of inflation.
When tariffs were raised, those costs were either passed onto consumers or companies
And now that some of the tariffs from the past year have been deemed unconstituitional, companies want their money back. Except, allegedly, Amazon. Tariff lawsuits abound President Donald Trump declared several rounds of emergency tariffs when he came into office as a way to put pressure on foreign countries to make trade deals.
Many of the president’s sweeping emergency tariffs were declared unlawful by the Supreme Court in March, the AP reported. The court ruled that the Constitution states that taxation belongs to Congress, not the President’s office. “The Framers did not vest any part of the taxing power in the Executive Branch,” Chief Justice John Roberts wrote. Thousands of companies sued the U.S. government for its sweeping tariffs after the ruling, as many were left to collect tariffs.