U.S. Supreme Court to Rule on Trump Tariffs as Amazon Adjusts Supplier Pricing

The U.S. Supreme Court is set to rule on January 14 regarding the legality of former President Donald Trump's global tariffs imposed under the International Emergency Economic Powers Act, with lower courts having ruled against the administration. Meanwhile, Amazon is negotiating with suppliers to reduce prices following tariff rate cuts on Chinese imports, aiming to reverse earlier concessions made to mitigate the tariffs' impact. The court's decision could affect tariff refunds totaling nearly $150 billion.