Tariff costs are becoming unsustainable for automakers, and they are going to have to raise prices or cut features, said the president of Sonic Automotive.

The government is on the hook to refund $134 billion – and counting – worth of tariff revenue collected from President Donald Trump’s most sweeping tariffs, which were rendered illegal by the Supreme Court last week.

Days after a Supreme Court defeat on trade, the president vowed to keep his tariff agenda alive and insisted his economic policies are working.

In a 6-3 decision on Friday, the Supreme Court invalidated the majority of President Donald Trump's global tariffs.

Hochul’s campaign has blasted out three press releases in the last week hounding Blakeman on the issue. On Tuesday, she sent a letter to the Trump Administration demanding a $13.5 billion refund to New Yorkers, citing calculations that show the average New York household paid $1,751 in tariff-related costs.

Trade investigations targeting forced labor and excess capacity could lead to higher tariffs, with EU and other partners seeking clarity on strategy.

Beijing is turning out to be one of the biggest winners from the Supreme Court’s ruling against many of President Donald Trump’s levies.