Trump's tariffs face scrutiny at the Supreme Court
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Competition, whether from overseas rivals or second-hand goods, has kept the price of furniture relatively low. New tariffs may boost U.S. makers — and raise prices.
The Supreme Court is set to consider the legality of tariffs the president has invoked emergency powers to place on many trading partners.
The chances of businesses getting tariff refunds grew significantly on Wednesday after the Trump administration’s case to keep most of his levies in place was met with deep skepticism from multiple conservative and liberal justices.
Trump, who has used tariffs as a diplomatic and economic cudgel since coming into office, long has insisted that foreign nations are the ones putting money into U.S. coffers because of the levies. Economists say tariffs are paid by the consumers of the goods themselves.
Revenue is why President Trump loves tariffs. For years he has dreamed of charging other countries for the privilege of selling to the U.S. He has [boasted of the cash](