Tariffs Got Struck Down. So Why Are We Still Paying?

The Supreme Court struck down the IEEPA tariffs in February, so why are Americans still paying them? The administration replaced them, first with temporary Section 122 tariffs and now with 10 to 12.5 percent Section 301 tariffs on nearly every US trading partner. Kyle sits down with cohost Erica York to catch up on tariff policy. Together, they look at how tariffs may cancel out the investment boost from full expensing and discuss the ongoing court cases that could still strike down the new tariffs. 0:00 Intro 0:30 Where tariffs stand after the IEEPA ruling 1:50 Industry-specific tariffs under Section 232 3:05 The trade fight with Canada and Section 338 tariffs 4:45 What could come next from China tariffs 5:10 Are importers getting IEEPA refunds? 7:50 Why consumers aren’t getting refunds 11:40 How workers pay for tariffs 12:55 Are foreign exporters paying some of the cost? 14:55 The $5,000 tariff dividend 17:10 How tariffs affect investment 20:00 Lessons from the 2018 trade war 21:30 The legal challenges to the new tariffs 24:55 Is the administration testing its limits? 26:00 What’s next for tariffs 28:15 Tax Foundation’s updated tariff tracker 29:30 Outro Support the show Follow us! https://twitter.com/TaxFoundation https://twitter.com/deductionpod Support the show