The US Supreme Court decision to strike down Donald Trump’s tariffs raises a big question of refunds, which could total up to $175 billion. The levies were paid by importers. Countries and exporters a

Companies could get a “windfall” through tariff refunds—and consumers could file their own litigation to recover from price increases.

President Donald J. Trump announced he will immediately enact a 10% global tariff under a trade law, this after the U.S. Supreme Court ruled that some previously imposed tariffs were illegal. "The way

Tariffs have had a particularly noticeable effect on Americans’ perceptions of the cost of food. The CFR-Morning Consult survey asked Americans how concerned they are about affording a range of everyday expenses. Across the board, a majority of Americans are concerned about their ability to afford day-to-day items.

Tariffs have become one of the defining economic tools of the Trump administration. Politically, they are framed as a way to make foreign producers “pay.” Economically, they function as taxes on imports. The debate has become noisy. Some argue tariffs are inflationary and costly for households.

LiveMint’s Quote of the Day revisits Milton Friedman’s warning that tariffs show visible protection of certain sectors but hide wider economic costs. The piece explains how trade barriers raise prices,

Tariffs, a weaker dollar, and 3 Fed rate cuts? Get Tony Roth’s market outlook on cooling GDP, labor strain, and AI tailwinds—read now.