ORLANDO, Fla. — Following Friday’s Supreme Court ruling against President Donald Trump’s sweeping tariffs, small business owners in Central Florida are feeling some relief but still uncertain about what the future holds.
What You Need To Know
The Supreme Court ruled 6-3 against Trump’s tariffs on Friday
Businesses are hopeful but cautious as changes may take months to reflect
This decision could limit presidential use of economic powers in the future
The Trump Administration may seek other ways to impose similar tariffs
In a 6-3 vote Friday, the justices upheld lower court decisions to strike down the president’s use of the International Emergency Economic Powers Act to impose tariffs on most U.S. trading partners last year, saying he did not have the authority.
“It would be nice to have prices come down,” said Stuart Kimball, the president of Southeast Steel Appliance Warehouse in Orlando. “We sell a full line of appliances. (The tariffs) made pricing very difficult, there were continual changes in pricing that we would get from our vendors from that it was uneasy, you don’t know what is going to be.”
For consumers and businesses like Kimball’s, it will likely be a while before any change is noticeable.
“The products that companies are going to be ordering today wouldn’t show up in any products we use for weeks or possibly even months,” said Dr. Mark Johnston, a business professor at Rollins College. “Down the road, it could make a difference in the prices we are going to be paying at the store.”
The ruling also sets a standard for all presidents moving forward.
“The president claimed he was doing this using this law passed by Congress, U.S. Supreme Court said no, there is no interpretation of this law that would allow you to do that,” said Dr. Aubrey Jewett, a political science professor at UCF.
Jewett said there are a few things that stand out about this case, as it’s a rare time Supreme Court justices ruled against President Trump, and moving forward, it narrows the rules that a president can use for economic policy.
“Legally speaking this is a defeat for President Trump and it is a victory for the people that brought the lawsuit. It is a clear victory, but what is the old expression, you can win the battle but still lose the war,” Dr. Jewett said.
The Trump Administration has said they might try other avenues to still impose similar tariffs in the future.
It’s been almost a year since the broad tariffs went into place and so far about $133 billion has been collected. It is unclear at this time if and when that money could be paid back but it could lead to a long legal battle.