ORLANDO, Fla. \u2014 Following Friday\u2019s Supreme Court ruling against President Donald Trump\u2019s sweeping tariffs, small business owners in Central Florida are feeling some relief but still uncertain about what the future holds.<\/p>\n
What You Need To Know<\/p>\n
The Supreme Court ruled 6-3 against Trump’s tariffs on Friday
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Businesses are hopeful but cautious as changes may take months to reflect
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This decision could limit presidential use of economic powers in the future
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The Trump Administration may seek other ways to impose similar tariffs<\/p>\n
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.<\/p>\n
\u201cIt would be nice to have prices come down,\u201d said Stuart Kimball, the president of Southeast Steel Appliance Warehouse in Orlando. \u201cWe 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\u2019t know what is going to be.\u201d<\/p>\n
For consumers and businesses like Kimball’s, it will likely be a while before any change is noticeable.<\/p>\n
\u201cThe products that companies are going to be ordering today wouldn\u2019t show up in any products we use for weeks or possibly even months,\u201d said Dr. Mark Johnston, a business professor at Rollins College. \u201cDown the road, it could make a difference in the prices we are going to be paying at the store.\u201d<\/p>\n
The ruling also sets a standard for all presidents moving forward.<\/p>\n
\u201cThe 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,\u201d said Dr. Aubrey Jewett, a political science professor at UCF.<\/p>\n
Jewett said there are a few things that stand out about this case, as it\u2019s 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.<\/p>\n
\u201cLegally 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,\u201d Dr. Jewett said.<\/p>\n