WASHINGTON D.C. – A court has brought previously blocked Trump tariffs back into force, at least temporarily until June 9. This decision reverses an earlier ruling that stated the Emergency Economic Powers Act doesn’t give the president authority to control trade – a power the court said belongs to Congress. These tariffs, initially halted soon after their “Liberation Day” announcement and alongside others from the start of his term, are now active again.
The legal battle is far from over. Both sides must submit their arguments to the court by the June 9 deadline. Only then will a final, permanent decision on the Trump tariffs be made.
Apple Braces for a Potential Billion-Dollar Hit from Trump Tariffs
Tech giant Apple is one of the major companies bracing for the financial fallout from the reinstated Trump tariffs. Over the years, Apple has poured massive investment into building its global supply chain. Now, reports suggest the company could face a staggering $900 million loss in the second quarter of 2025 alone because of these tariffs.
This renewed trade tension casts a long shadow of uncertainty over Apple’s financial future. Consumers could also feel the pinch, with a potential and significant jump in iPhone 17 prices later this year if the Trump tariffs remain.
By Abiodun Labi
Culled:GSMArena
