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President Donald Trump says he has the 'absolute right' to impose new tariffs. This comes after the Supreme Court overturned some of his previous tariff policies, which has led U.S. businesses to request refunds for payments they made under those rules.
Other reports indicate the earlier tariffs had significant financial impacts, with one estimate saying they cost automakers $35 billion. Some analysis suggests these tariffs ended up hurting American manufacturers instead of helping them, contrary to their stated goal.
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