{*}
Add news
March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024 May 2024 June 2024 July 2024 August 2024 September 2024 October 2024 November 2024 December 2024 January 2025 February 2025 March 2025 April 2025 May 2025 June 2025 July 2025 August 2025 September 2025 October 2025 November 2025 December 2025 January 2026 February 2026
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
22
23
24
25
26
27
28
News Every Day |

'Impossible to describe:' Importer who challenged Trump tariffs hails Supreme Court win

Victor Owen Schwartz never imagined he would one day find himself challenging a president in the highest court in the land. But after President Donald Trump's sweeping tariffs threatened the survival of his wine importing business, Schwartz became a plaintiff in a case that would ultimately reach the Supreme Court and prevail.

With wines and spirits arriving from 16 countries across five continents, nearly every corner of Schwartz’s supply chain was touched by the new tariffs.

On Friday, the nation’s highest court dealt Trump a significant blow to his trade policy. Schwartz watched the decision unfold over Zoom with his lawyers, the fate of his nearly 40-year-old business hanging in the balance.

SUPREME COURT DEALS BLOW TO TRUMP’S TRADE AGENDA IN LANDMARK TARIFF CASE

"We are relieved and very excited to get back to doing what we love, bringing handmade authentic wines and spirits to American consumers," Schwartz said. "It’s impossible to describe the feeling of elation, of seeing that, yes, we were right, and the court agrees with us, and a feeling that justice prevailed," he told Fox News Digital.

Schwartz was a plaintiff in one of two cases brought before the Supreme Court. The challenges — Learning Resources Inc. v. Trump and Trump v. V.O.S. Selections Inc. — were filed by an educational toy manufacturer and Schwartz’s family-owned wine and spirits importer, both contesting the legality of Trump’s tariffs. 

The disputes followed Trump's so-called "Liberation Day" tariffs in April, a sweeping package of import duties he said would address trade imbalances and reduce reliance on foreign goods.

TRUMP'S TARIFF REVENUES HIT RECORD HIGHS AS SUPREME COURT DEALS MAJOR BLOW

"Last spring, thousands of American small businesses like mine were thrown into chaos," Schwartz said, referring to the "Liberation Day" tariffs. "The administration’s unprecedented tariffs, which my business was forced to pay upfront, threatened our very existence," he added.

Unlike previous tariffs enacted by Congress, which businesses could plan around, Schwartz said Trump's sweeping duties felt unpredictable and arbitrary. He argued the new duties forced small companies to "gamble with our livelihoods by trying to predict the unpredictable," calling them "an unconstitutional act of government overreach."

Beyond the legal fight, Schwartz said the strain on cash flow was especially acute.

"A very important thing to realize in running any business, certainly a small business, is the impact on cash flow," he said. "When you have to pay those tariffs up front before you have sold a single bottle of wine, that's a major impact … cash flow is the lifeblood of a company." 

Meanwhile, the Trump administration has argued that aggressive tariffs are necessary to confront what it calls years of unfair global trade — underscoring how central trade policy is to Trump’s broader economic strategy.

Shortly after the Supreme Court ruling, Trump announced a 10% global tariff and vowed to use other avenues to keep the duties in place.

While questions remain about what comes next for U.S. trade policy, Schwartz said he is focused on moving forward and receiving the "government's refund of these improperly collected taxes."

Ria.city






Read also

McConnell Stalls Trump’s Election Overhaul Bill as Republicans Fume

Fox News AI Newsletter: AI giant moves HQ to red state

Iran to present nuclear deal draft to US in days – FM

News, articles, comments, with a minute-by-minute update, now on Today24.pro

Today24.pro — latest news 24/7. You can add your news instantly now — here




Sports today


Новости тенниса


Спорт в России и мире


All sports news today





Sports in Russia today


Новости России


Russian.city



Губернаторы России









Путин в России и мире







Персональные новости
Russian.city





Friends of Today24

Музыкальные новости

Персональные новости