A U.S. federal court on Wednesday blocked President Donald Trump’s “Liberation Day” tariffs from going into effect, ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy.

  • @WhatAmLemmy@lemmy.world
    link
    fedilink
    English
    318 days ago

    The best part? All the price hikes announced to date will remain, even if any tariffs paid to date are refunded to every corporation.

    • @explodicle@sh.itjust.works
      link
      fedilink
      English
      18 days ago

      This is why I like to remind everyone that inflation is a widespread increase in the cost of goods and services. There is no “greedflation” - that’s just inflation, and Republicans have been to blame for inflation all along.