Business Rundown: The Supreme Court’s Tariff Blow & What’s Next for American Business?

Days after the Supreme Court delivered a major blow to President Trump’s trade agenda, many questions remain regarding the future of American commerce. Despite the ruling, the President has vowed to use alternative authorities to impose tariffs–announcing on Saturday an increase in new global tariffs to 15 percent. Meanwhile, uncertainty loomed over whether the government will be forced to refund billions already collected.

Victor Owen Schwartz, owner of VOS Selections, was a plaintiff in one of the landmark cases that led the High Court to strike down the administration’s emergency tariff powers. He joins FOX Business Network’s Lydia Hu to discuss the historic ruling and his fight for a refund.

Then, Lydia speaks with Farooq Kathwari, Chairman and CEO of Ethan Allen, about how the furniture giant is navigating the shifting trade landscape and what a potential refund could mean for the publicly traded company.