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Many Republicans greeted the Friday morning decision with measured statements, some even praising it, and GOP leaders said they would work with Trump on tariffs going forward.
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President Donald Trump announced that a 10% worldwide tariff is now being raised to a "fully allowed" 15% in the wake of the Supreme Court's ruling.
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Trump said in a social media post on that he was making the decision "Based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday," by the U.S. Supreme Court.
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The exemption was shut down last year by President Trump based, in part, on the same legal grounds as the tariffs that were invalidated by the Supreme Court.
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JPMorgan Chase acknowledged for the first time that it closed the bank accounts of President Donald Trump and several of his businesses in the political and legal aftermath of the Jan. 6, 2021 attacks on the U.S. Capitol.
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The Supreme Court's decision Friday to strike down the majority of tariffs imposed by President Trump could provide some relief to L.A.'s trade-reliant economy — but only if they are not reimposed again through other means.
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If anything, Friday opened a new chapter in Trump's ongoing tariffs drama and raised urgent questions about his ability to make good on his promises of an economic revival.
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