00:00It's Benzinga bringing Wall Street to Main Street
00:02The Supreme Court struck down a key part of Trump's tariff agenda, reducing the likelihood
00:06of proposed tariff dividend checks for Americans, according to CNBC.
00:11Financial analyst at Bankrate and certified financial planner Stephen Cates said tariff
00:15dividend checks were unlikely from the start because the White House lacks the authority
00:19to issue stimulus payments without Congress.
00:22He said congressional approval would be difficult after the Supreme Court ruling and ongoing
00:27partisan divisions, making the odds of the policy moving forward effectively zero.
00:31The Supreme Court ruled six to three that the president improperly used IEPA for much of
00:36his trade agenda, and Trump responded by announcing a new 10 percent global tariff before raising
00:41it to 15 percent.
00:43The Trump administration may have to refund tariffs already paid to the entities that paid them.
00:48For all things money, visit Benzinga.com.
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