University of Tennessee Assistant Professor of Economics Michael Kofoed weighed on the Supreme Court ruling on President Trump's use of emergency powers to implement sweeping tariffs and its

Recent federal data show that tariff revenue surged in 2025. Customs duties — revenue that the government collects from tariffs on imported goods — have increased significantly according to Larry

When the Supreme Court struck down the majority of President Donald Trump's tariffs Friday, he lost little time revealing his backup plan. He quickly imposed more tariffs under different legal mechanisms than the one the high court struck down.

While the Supreme Court struck down the Trump administration's emergency tariffs, experts said it could take years for businesses to get refunds.

Businesses seeking refunds to recoup their tariffs expenses are likely to have to wait awhile to receive them. Even then, whether they return any money to consumers is an open question, but it appears unlikely in many cases. Some consumer champions already seemed to be anticipating that outcome and were warning major corporations against it.