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GOBankingRates
GOBankingRates
Heather Altamirano

Trump’s Tariffs: How the Upcoming Supreme Court Decision Will Impact the Price of Gas

Donald Trump Andrew Lokenauth Scott Bessent Canada Gas Prices GOBankingRates
Guillem de Balanzo / Getty Images/iStockphoto

President Donald Trump’s sweeping tariff policy is facing major pushback and the Supreme Court is expected to decide soon, which will impact your wallet at the gas pump.

Rather than getting Congressional approval for tariffs, Trump used the 1977 International Emergency Economic Powers Act (IEEPA) to impose tariffs on Canada, China and Mexico, saying a high amount of drug traffickers and immigrants from those countries constituted an emergency, per the White House.

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