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Tariffs in Flux as Deadline Looms | Lubbock News
Description
The U.S. Treasury’s tariff revenue took a major hit after the Supreme Court struck down key tariffs set to expire July 24 — and Congress isn’t likely to extend them. With elections looming and inflation concerns, the administration is pivoting to a more permanent legal route under trade law, already targeting Brazilian imports. While the old tariffs were short-term and arbitrary, the new ones require stricter procedures, offering more stability — though legal battles loom as investigations into unfair trade practices ramp up globally.
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