Tariffs: Who Really Pays the Price?

The Supreme Court is looking closely at President Trump's tariffs. Experts say this is not just about trade. It's about who has the power to decide how money is collected. Marc Busch, a professor at Georgetown University, talked about this on a podcast. He said the tariffs are really just taxes. And they hurt American businesses more than anyone else. Trump has not clearly explained why these tariffs are good for Americans. He has not shared his strategy either. Last week, it became clear that the tariffs are not just about punishing other countries. They are about controlling money. Busch was happy to hear Justice Sotomayor say that tariffs are taxes. He said this is a big deal. It shows that the Supreme Court is taking this seriously. The tariffs hurt American manufacturers the most. About half of what the U. S. imports is used to make other products. These products are then exported. So, the tariffs are hurting the very businesses the government wants to help. Trump says he has the power to issue tariffs. He uses a law from 1977. This law gives the president power in emergencies. But the Supreme Court is questioning this power. Busch also talked about an argument made by the Solicitor General. He said the tariffs are not meant to make money. They are meant to bring businesses back to the U. S. But Busch says this is not realistic.