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  • Why adults pursuing career growth or personal interests are the ‘new majority’ student

    FLAGSTAFF, Ariz. — Interested in starting a business, learning about artificial intelligence or exploring a new hobby? There’s a class for that.

    Millions of U.S. adults enroll in credit and non-credit college courses to earn professional certificates, learn new skills or to pursue academic degrees. Some older students are seeking career advancement, higher pay and job security, while others want to explore their personal interests or try new things.

    “They might have kids, they might be working full-time, they might be older non-traditional students,” said Eric Deschamps, the director of continuing education at Northern Arizona University in Flagstaff, Arizona. But returning to school “opens doors to education for students that might not have those doors open to them otherwise.”

    Older students, many of whom bring years of work and life experience to their studies, often are juggling courses with full-time jobs, caregiving and other family responsibilities. It is a challenging balancing act but can also sharpen priorities and provide a sense of fulfillment.

    Here’s what experts have to say about returning to school, what to consider beforehand and how to balance coursework with work and personal commitments.

    UCLA Extension, the continuing education division of the University of California, Los Angeles, offers more than 90 certificate and specialization programs, from interior design, early childhood education and accounting to photography, paralegal studies and music production. Individual courses cover a wide range of topics, including retirement planning, writing novels, the business of athletes and artists, and the ancient Japanese art of ikebana, or flower arranging.

    About 33,500 students — nearly half of them older than 35 — were enrolled during the last academic year. UCLA reported a full-time enrollment of about 32,600 degree-seeking undergraduate students during the same period.

    “I prefer calling our (adult) learners not only continuous, but the new majority student. These are learners who tend to already be employed, often supporting a family, looking for up-skilling or sometimes a career change,” Traci Fordham, UCLA’s interim associate dean for academic programs and learning innovation, said.

    Higher education experts say some adults take classes for professional development as economic concerns, technological advances and other workforce changes create a sense of job insecurity.

    “A great example of that is artificial intelligence. These new technologies are coming out pretty quickly and for folks that got a degree, even just 5 or 10 years ago, their knowledge might be a little bit outdated,” Deschamps said.

    Adults interested in becoming students again may want to assess their time and budgets, and weigh the potential benefits and consequences, including the financial impact, the potential for burnout and rewards of education that may take a while materialize, academic advisors say.

    Deschamps suggests asking where you want to be in 5 or 10 years and how the training and knowledge received through an additional class or certificate can help get you there. For example, if you want to start a microbrewery, learning to brew your own beer or launching a business will help. If a promotion or career change is the goal, training for a new job, refreshing skills or understanding a different industry may help show you are qualified.

    Schools like UCLA and Northern Arizona University are working to make continuing education courses accessible by keeping the cost low in comparison to degree-track classes and offering financial assistance. A variety of learning environments usually are offered — in-person and online classes, accelerated and self-paced instruction — to help adults integrate schoolwork with their home and work lives.

    Katie Swavely, assistant director for academic advising and student success at UCLA, started at community college before transferring to UCLA to study anthropology. She said it took her 10 years after graduating to go back for her master’s degree in counseling with a focus on academic advising. Swavely completed that degree in 2020 and credits access to the program through employer-sponsored tuition assistance from her job at the time.

    “I felt like in so many ways I didn’t really know who I was or what I wanted to do other than just pay the bills and survive,” said Swavely, who is married and has two children. “It was hard. And I thought about quitting many times. We had to budget to the extreme and find additional ways to make it work.”

    She added: “There are questions of how are we going to make it work and do we have the money. As a parent, sacrifices are there all the time. You make those judgment calls every day. But making sure that you’re investing in yourself. There’s always gonna be reasons why it’s not today, not this month, not this year, but it’s also OK to just jump in and go for it and see how it works out.”

    As an avid book lover, Swavely now wants to take a book editing course and hopes to continue her education and enroll in that through the university soon.

    Some experts say one of the main barriers to returning to school is psychological. There might be concerns that their writing skills are rusty and that they don’t know enough math or technology, bringing up feelings of uncertainty or failure.

    “I think this is tied to access. Many of our learners, not all of them, haven’t imagined themselves in any kind of higher education, post-secondary education environment,” Fordham said.

    Swavely said it was important for her to build a support network and take advantage of the counseling and advising options that were available to her as a student.

    She encourages adults who are furthering their educations to spend time “finding your community.” Having people around who helped build up her confidence at home and during classes got her through graduate school, Swavely said. She also suggests setting boundaries and giving yourself grace when you need need help.

    “The biggest piece of advice is for people to realize you’re never too old to learn,” she said.

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  • Trump raises his new global tariffs to 15% after Supreme Court’s strike down

    President Trump raised his new, global tariffs to 15%, one day after the Supreme Court struck down many of his punishing taxes. Willie James Inman reports on the impact on American businesses and whether there could be refunds issued.

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  • NYC nursing walkout ends as last striking nurses approve new contract

    NEW YORK — Nurses at a big New York hospital system approved a new contract Saturday, voting to end a major nursing strike after more than a month.

    More than 4,000 nurses in the privately run NewYork-Presbyterian system went on strike Jan. 12. They are now due to start returning to work in the coming week. The union, called the New York State Nurses Association, said 93% of its members at NewYork-Presbyterian voted to ratify the three-year contract.

    Two other big private hospital systems, Montefiore and Mount Sinai, ended their nurses’ walkout earlier this month by inking contract agreements with the same union.

    “We are so happy with the wins we achieved, and now the fight to enforce these contracts and hold our employers accountable begins,” union President Nancy Hagans said in a statement Saturday.

    NewYork-Presbyterian said that it looked forward to its nurses’ return and that the contract “reflects our respect for our nurses and the critical role they play as part of our exceptional care teams.”

    Both sides had said Friday that they had reached a tentative deal. Union members voted on it Friday and Saturday.

    Provisions included staffing improvements, raises topping 12% over three years and safeguards on the use of artificial intelligence, according to the union.

    The union has said the strike initially involved about 15,000 nurses overall at Montefiore, Mount Sinai and NewYork-Presbyterian. It affected only some facilities within the three systems and didn’t involve any city-run hospitals.

    During the strike, Montefiore, Mount Sinai and NewYork-Presbyterian brought on thousands of temporary nurses, transferred some patients and canceled some procedures. The hospitals insisted they were smoothly delivering care, including complex surgeries. But some vulnerable patients and their families said some routine tasks took longer.

    The strikers complained of unmanageable workloads and accused the hospitals of trying to chip away at health benefits. The hospitals contested those claims and said the union’s demands were exorbitant.

    Nurses at some Mount Sinai and Montefiore hospitals also walked out in 2023. That strike ended in three days.

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  • Could You Get a Big Tariff Rebate Check? Here’s the Latest.

    After the Supreme Court ruled against President Donald Trump’s sweeping tariffs on imports, some Democrats are demanding that refunds be sent to Americans, the latest hypothetical plan to redistribute tariff income back to everyday Americans.

    The nation’s highest court on Feb. 20 ruled that Trump doesn’t have the power to unilaterally impose the tariffs he has enacted under an emergency powers law, which he has used as part of his foreign policy strategy with ever-changing rates on targeted countries.

    Democrats including California Gov. Gavin Newsom and Illinois Gov. JB Pritzker have demanded refunds of at least $1,700 per household, with Pritzker sending the Trump administration an invoice for that amount per family in his state.

    “Donald Trump has been illegally taxing your groceries, furniture, and cars for over a year. Time for a refund,” Newsom said.

    Their idea follows months of speculation about Trump’s long-floated plan to send $2,000 tariff rebate checks to some Americans. The fate of that plan remains unclear.

    Meanwhile, Trump has announced plans to enact tariffs using different legal mechanisms.

    Tariff rebate checks long floated amid skepticism

    Americans have felt the impact of tariffs, from higher costs for products they regularly buy to surprise tariff bills in the mail. The average American family has paid more than $1,700 in tariff costs as of January, according to a report by Democrats on the congressional Joint Economic Committee. The nonpartisan Tax Foundation said in a report earlier in February that the tariffs cost each household an average of $1,000 in 2025.

    When Trump first started referencing the idea of rebate checks for Americans, it seemed like a welcome relief for some. Some said they would believe it when they see it.

    The checks have never had a certain path forward, experts have said. Tax analysts have said the revenue generated by tariffs wouldn’t have been enough to send $2,000 to Americans, and the details of the checks, including how and when they would be sent, have been up in the air.

    “It’s not clear to me they were ever going to happen,” said Steven Durlauf, an economist and director of the Stone Center for Research on Wealth Inequality and Mobility at the University of Chicago Harris School of Public Policy.

    Trump first suggested that tariff revenue could be used to send checks to Americans in 2025. Since then, the amount of the proposed checks and their timeline have varied. In a Jan. 7 interview with the New York Times, Trump appeared to forget he had pledged them altogether, then said the checks could be $2,000 and be sent to Americans of “moderate” income toward the end of 2026.

    But the checks tied to tariff revenue were never likely to happen, Durlauf said. There’s no precedent or clear legal basis for a president to distribute tariff revenue to Americans in the form of checks, so if any kind of stimulus check were to happen, it would probably come from some other funding source under Trump’s control, he said.

    Stimulus checks sent early in the COVID-19 pandemic were authorized by Congress during exceptional circumstances, Durlauf pointed out. To the contrary, personal rebate checks have already been floated in Congress but haven’t moved forward. In July 2025, Sen. Josh Hawley, a Republican from Missouri, introduced the American Worker Rebate Act to give at least $600 to qualifying individuals out of the revenue earned by tariffs, but the act didn’t receive further action in committee.

    And though Trump suggested that checks sent to military members over the holidays for $1,776 were coming out of tariff revenue, they actually came from military housing funds allocated by Congress to the Defense Department.

    Businesses win a victory in their fight for refunds

    The Supreme Court decision was a win for thousands of companies, including importers like Costco, Revlon and Goodyear Tires, that sued to recover billions in tariffs that were already collected.

    The Trump administration has said in court that the companies would get their refunds if the Supreme Court overturned the tariffs. But those refunds could be a long way off still. Treasury Secretary Scott Bessent told Reuters in January that repayments could be spread out over weeks or even a year.

    “It would be a complete mess, and almost impossible for our Country to pay,” Trump previously said on social media of the prospect of refunds. On Feb. 20, he said during a news conference that the Supreme Court didn’t address how refunds would work.

    For Americans wondering if the need to repay revenue from the tariffs will dash hopes of a stimulus check, Durlauf said the cause and effect is not quite that straightforward. Tariff revenue wasn’t likely to pay for checks to begin with, and they were probably only linked to tariff revenue by Trump to regain support after tariffs proved unpopular, Durlauf said.

    “The bottom line is, it was not so likely before, and it’s less likely now,” Durlauf said of the refund checks to taxpayers.

    Contributing: Bart Jansen, Maureen Groppe, Kinsey Crowley and Daniel de Visé, USA TODAY; Reuters

    (This story has been updated to add new information and to add a video.)

    This article originally appeared on USA TODAY: Could you get a big tariff rebate check? Here’s the latest.

    Reporting by Jeanine Santucci, USA TODAY / USA TODAY

    USA TODAY Network via Reuters Connect

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  • After Court Ruling, Trump Says US Global Tariff Rate Will Rise From 10% to 15%

    President Donald Trump said on Saturday he will raise a temporary tariff from 10% to 15% on U.S. imports from all countries, the maximum level allowed under the law, after the U.S. Supreme Court struck down his previous tariff program.

    The move came less than 24 hours after Trump announced a 10% across-the-board tariff on Friday after the court’s decision. The ruling found the president had exceeded his authority when he imposed an array of higher rates under an economic emergency law.

    The new levies are grounded in a separate but untested law, known as Section 122, that allows tariffs up to 15% but requires congressional approval to extend them after 150 days. No president has previously invoked Section 122, and its use could lead to further legal challenges.

    Trade experts and congressional aides are skeptical the Republican-majority Congress would extend the tariffs, given polls that show growing numbers of Americans blame the duties for higher prices.

    Trump eyes other ways to impose tariffs

    In a social media post on Saturday, Trump said he would use the 150-day period to work on issuing other “legally permissible” tariffs. The administration intends to rely on two other statutes that permit import taxes on specific products or countries based on investigations into national security or unfair trade practices.

    “I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been ‘ripping’ the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level,” he wrote in a Truth Social post.

    The Section 122 tariffs include exemptions for certain products, including critical minerals, metals and energy products, according to the White House.

    Wendy Cutler, a former senior U.S. trade official and senior vice president at the Asia Society think tank, said she was surprised Trump had not opted for the maximum Section 122 rate on Friday, adding that his rapid-fire change underscored the uncertainty trading partners faced.

    The Supreme Court’s decision, authored by Chief Justice John Roberts, concluded the law Trump had used for most of his tariffs, the International Emergency Economic Powers Act, did not grant the president the powers he claimed.

    Roberts was joined in the majority by fellow conservatives Neil Gorsuch and Amy Coney Barrett, both Trump appointees, and the court’s three liberal justices.

    Trump reacted with fury to the ruling, calling the justices in the majority “fools” and describing Gorsuch and Barrett in particular as “embarrassments,” while vowing to continue his global trade war.

    Some foreign leaders applauded the decision. French President Emmanuel Macron said on Saturday the ruling showed it is good for democracies to have counterweights to power and the rule of law.

    German Chancellor Friedrich Merz said he expected the decision would ease the burden on German companies. He said he would use his upcoming U.S. trip to reiterate that “tariffs harm everyone.”

    Trade deals must be honored: Greer

    Trump has used the tariffs, or the threat of imposing them, to extract trade deals from foreign countries.

    After the court’s decision, Trump’s trade representative, Jamieson Greer, told Fox News on Friday that those countries must honor agreements even if they call for higher rates than the Section 122 tariffs.

    Exports to the U.S. from countries such as Malaysia and Cambodia would continue to be taxed at their negotiated rates of 19%, even though the universal rate is lower, Greer said.

    Indonesia’s chief negotiator for U.S. tariffs, Airlangga Hartarto, said the trade deal between the countries that set U.S. tariffs at 19%, which was signed on Friday, remains in force despite the court decision.

    The ruling could spell good news for countries like Brazil, which has not negotiated a deal with Washington to lower its 40% tariff rate but could now see its tariff rate drop to 15%, at least temporarily.

    With November’s midterm elections looming, Trump’s approval rating on his handling of the economy has steadily declined during his year in office, with 34% of respondents saying they approve and 57% saying they disapprove in a Reuters/Ipsos poll that closed on Monday.

    Affordability remains a top concern for voters. Democrats, who need to flip only three Republican-held seats in the U.S. House of Representatives in November to win a majority, have blamed Trump’s tariffs for exacerbating the rising cost of living.

    (Reporting by Andrea Shalal and Doina Chiacu in Washington; Writing by Joseph Ax; Editing by Rod Nickel)

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  • Supreme Court ruling against Trump tariffs will offer relief, business owners say

    Business owners said that a Supreme Court ruling on Friday striking down sweeping U.S. tariffs could spell relief by lowering their costs and potentially leading to refunds.

    The high court ruled that President Trump does not have the authority to impose levies on imports under the International Emergency Economic Powers Act, or IEEPA. Mr. Trump last year invoked the 1977 law to impose tariffs on dozens of U.S. trade partners, claiming that trade deficits and the flow of fentanyl and other illegal drugs into the U.S. constitute national emergencies. 

    Beth Benike, co-founder of  Busy Baby, which makes mealtime accessories for babies, said that uncertainty about the legal status of the IEEPA tariffs had forced her to halt all imports from China, where the Minnesota-based company’s products are made. She also has inventory in China that her manufacturer is holding for her overseas.

    “I should have had it shipped last month, but I was waiting for the Supreme Court decision, because it was the difference between paying an extra $48,000 [in tariffs] or not,” she told CBS News before the Supreme Court issued its long-awaited decision on Friday.

    Beth Fynbo Benike, founder of Busy Baby, talks with her brother and COO, Eric Fynbo, about an order they’re packing for WalMart on Oct. 15, 2024 in the company’s warehouse in Zumbrota, Minn.

    Anthony Souffle/Minnesota Star Tribune via Getty Images


    Not all businesses opposed the emergency tariffs. Before the high court’s ruling, Drew Greenblatt, owner of Maryland manufacturer Marlin Steel told CBS News on Friday that he supported higher levies on U.S. trade partners because they provided a “level playing field” that allowed Marlin Steel to better compete with overseas steelmakers. 

    The average U.S. tariff rate on all imports is around 17%, including levies Mr. Trump imposed under IEEPA, according to the nonpartisan Tax Policy Center. Scrapping the IEEPA duties will drop the average tariff rate to the 7% range, according to Michael Gregory, deputy chief economist at BMO Capital Markets Economics. 

    A recent analysis from the Federal Reserve Bank of New York found that U.S. businesses and consumers bore the brunt of Mr. Trump’s tariffs in 2025, paying for nearly 90% of the levies. The Trump administration disputes the analysis.

    Billions in potential refunds

    Scott Lincicome, vice president of general economics at the Cato Institute, a nonpartisan think tank, said the Supreme Court ruling against Mr. Trump’s tariffs nullifies “the biggest and baddest of Trump’s 2025 tariffs.” 

    “The court’s decision is welcome news for American importers, the United States economy, and the rule of law, but there’s much more work to be done,” he said in an email after Friday’s ruling. “Most immediately, the federal government must refund the tens of billions of dollars in customs duties that it illegally collected from American companies pursuant to an ‘IEEPA tariff authority’ it never actually had.” 

    The Treasury Department collected $287 billion in tariffs in 2025, up 192% from the previous year, according to the Federal Reserve Bank of Richmond. As of mid‑December, roughly $130 billion had been collected in IEEPA tariffs, although total refunds for businesses could approach $150 billion, according to economists with PNC Financial Services Group.

    “I am expecting a full refund, but if for some reason we don’t get them, I would have to raise my prices, which will be tough for consumers,” Benike said. “People buying baby products are already buying new stuff they didn’t have to buy before they had the baby, so they are already squeezed.”

    Rachel Rozner, owner of Elden Street Tea Shop in Reston, Virginia, said ahead of the decision that a Supreme Court ruling striking down the IEEPA tariffs could make an “astronomical” difference for her business. Most of the tea and other products she sells come from China, India, Japan and Nepal. 

    “If I can just order and get the product, and I know the price is good, that will take away a lot of stress,” she told CBS News. 

    Meanwhile, some experts think the issue of tariff refunds could end up in court. 

    “[W]e think it’s reasonable to assume a few months would pass before refunds begin, and even longer if the distribution faces significant legal challenges,” Morgan Stanley analysts said in a report.

    Although Rozner’s business could be eligible for a tariff refund following the ruling, she expressed concern that she might never see the money.

    “What if they run out of money before you’re able to get your refund?” Rozner said. “I’m worried that some people might get refunds and others will not, and that people will take advantage of the system.”

    We Pay the Tariffs, an advocacy group of 800 small businesses that opposes the Trump administration’s tariffs, said the IEEPA levies had damaged small businesses by forcing them to take out loans and freeze hiring. 

    “Today’s Supreme Court decision is a tremendous victory for America’s small businesses, who have been bearing the crushing weight of these tariffs,” the group’s executive director, Dan Anthony, said in a statement to CBS News. 

    The group also urged the White House to issue “full, fast and automatic refunds” to employers that had paid the tariffs.

    Trump announces new tariffs

    The Trump administration has previously said it can deploy other import duties to replace the IEEPA tariffs. To that end, after the high court’s ruling, Mr. Trump promptly announced he would impose a 10% global tariff under Section 122 of the 1974 Trade Act, and then announced the next day he’s raising it to 15%.

    The president also indicated that his administration would expand other existing tariffs, such as levies imposed under Section 301 of the Trade Act and Section 232 of the Trade Expansion Act of 1962. 

    Section 301 allows the U.S. president to apply country-based tariffs if the U.S. Trade Representative determines that another nation is engaging in unfair trade practices. Section 232 authorizes the president to impose duties on trade partners to protect national security, based on an investigation from the Department of Commerce.

    Still, those tariffs are more restrictive than the IEEPA levies, however. Section 122 tariffs are capped at 15% and may remain in force only for 150 days, according to Capital Economics. The tariff rate also must be the same for all trade partners, limiting Mr. Trump’s ability to negotiate different deals with different countries. 

    Section 301 tariffs also can’t be applied to all foreign imports, according to trade experts. And replacing IEEPA tariffs with substitute levies could also take many months, according to Morgan Stanley. 

    If businesses could get a boost from the removal of IEEPA tariffs, consumers may not see a dip in prices, with companies such as Walmart recently saying that they are hiking their prices because of the import duties. 

    “Any consumer looking for relief from tariff-driven price hikes did not find it at the Supreme Court today,” Alex Jacquez, chief of policy and advocacy at Groundwork Collective, a progressive think tank focused on economic issues, said in a statement on Friday. 

    He added that refunds for businesses could take years to process and that, even if they are eventually administered, “there is little reason to believe companies will pass those savings on to consumers.” 

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  • Murky outlook for businesses after tariff ruling prompts countermoves by Trump

    NEW YORK — Businesses face a new wave of uncertainty after the Supreme Court struck down tariffs imposed by President Donald Trump under an emergency powers law and Trump vowed to work around the ruling to keep his tariffs in place.

    The Trump administration says its tariffs help boost American manufacturers and reduce the trade gap. But many U.S. businesses have had to raise prices and adjust in other ways to offset higher costs spurred by the tariffs.

    It remains to be seen how much relief businesses and consumers will actually get from Friday’s ruling. Within hours of the court’s decision, Trump pledged to use a different law to impose a 10% tariff on all imports that would last 150 days, and to explore other ways to impose additional tariffs on countries he says engage in unfair trade practices.

    “Any boost to the economy from lowering tariffs in the near-term is likely to be partly offset by a prolonged period of uncertainty,” said Michael Pearce, an economist at Oxford Economics. “With the administration likely to rebuild tariffs through other, more durable, means, the overall tariffs rate may yet end up settling close to current levels.”

    Efforts to claw back the estimated $133 billion to $175 billion of previously collected tariffs now deemed illegal are bound to be complicated, and will likely favor larger companies with more resources. Consumers hoping for a refund are unlikely to be compensated.

    With Trump’s unyielding position on tariffs, many business are braced for years of court battles.

    Basic Fun, a Florida-based maker of toys such as Lincoln Logs and Tonka trucks, last week joined a slew of other businesses in a lawsuit seeking to claw back tariffs paid to the government.

    While company CEO Jay Foreman is concerned about any new tariffs Trump may impose, he doesn’t think they will affect toys. Still, he said, “I do worry about some type of perpetual fight over this, at least for the next three years.”

    The new 10% tariff Trump announced Friday immediately raised questions for Daniel Posner, the owner of Grapes The Wine Co., in White Plains, New York. Since wine shipments take about two weeks to cross the Atlantic, he wonders if a shipment arriving Monday will be affected.

    “We’re reactive to what’s become a very unstable situation,” Posner said.

    Ron Kurnik owns Superior Coffee Roasting Co. in Sault Ste. Marie, Michigan, across the border from Canada. In addition to U.S. tariffs, Kurnik faced retaliatory tariffs from Canada for much of last year when he exported his coffee.

    “It’s like a nightmare we just want to wake up from,” said Kurnik, whose company has raised prices by 6% twice since the tariffs went into effect. While he’s pleased with the Supreme Court’s ruling, he doesn’t think he will ever see a refund.

    A wide array of industries, including retail, tech and the agricultural sector, used the Supreme Court ruling as an opportunity to remind Trump of how his trade policies have affected their businesses.

    The Business Roundtable, a group that lobbies on behalf of more than 200 U.S. companies, released a statement encouraging the administration to limit the focus of tariffs going forward to specific unfair trade practices and national security concerns.

    In the retail industry, stores of all stripes have embraced different ways to offset the effects of tariffs — from absorbing some of the costs themselves, to cutting expenses and diversifying their supply network. Still, they have had to pass on some price increases at a time when shoppers have been particularly sensitive to inflationary pressures.

    Dave French, executive vice president of government relations for The National Retail Federation, the nation’s largest retail industry trade group, said he hoped lower courts would ensure “a seamless process” to refund tariffs. That issue wasn’t addressed in Friday’s ruling.

    For the technology sector, Trump’s tariffs caused major headaches. Many of its products are either built overseas or depend on imports of key components. The Computer & Communications Industry Association, which represents a spectrum of technology companies employing more than 1.6 million people, expressed hope that the decision will ease the trade tensions.

    “With this decision behind us, we look forward to bringing more stability to trade policy,” said Jonathan McHale, the association’s vice president for digital trade.

    Farmers, who have been stung by higher prices for equipment and fertilizer since the tariffs went into effect, and reduced demand for their exports, also spoke out.

    “We strongly encourage the president to avoid using any other available authorities to impose tariffs on agricultural inputs that would further increase costs,” said American Farm Bureau Federation President Zippy Duvall.

    The Supreme Court ruled 6-3 that the International Emergency Economic Powers Act did not give the president authority to tax imports, a power that belongs to Congress. But the decision only affects tariffs imposed under that law, so some industries will see no relief at all.

    The decision leaves in effect tariffs on steel, upholstered furniture, kitchen cabinets and bathroom vanities, according to the Home Furnishings Association, which represents 15,000 furniture stores in North America.

    At Revolution Brewing in Chicago, the aluminum they use for cans costs as much as the ingredients that go inside them because of tariffs Trump has placed on metals that are not affected by the Supreme Court ruling. While the cans are made in Chicago, the aluminum comes from Canada, said Josh Deth, managing partner at the brewery.

    Tariffs have been just one challenge for his business, which is also affected by volatile barley prices and a slowdown in demand for craft beer.

    “Everything kind of adds up,” he said. “The beverage industry needs relief here. We’re getting crushed by the prices of aluminum.”

    Italian winemakers hard-hit by the tariffs greeted the Supreme Court decision with skepticism, warning that the decision may just deepen uncertainty around trade with the U.S.

    The U.S. is Italy’s largest wine market, with sales having tripled in value over the past 20 years. New tariffs on the EU, which the Trump administration initially threatened would be 200%, had sent fear throughout the industry, which remained even after the U.S. reduced, delayed and negotiated down.

    “There is a more than likely risk that tariffs will be reimposed through alternative legal channels, compounded by the uncertainty this ruling may generate in commercial relations between Europe and the United States,” said Lamberto Frescobaldi, president of UIV, a trade association that represents more than 800 winemakers.

    Elsewhere in Europe, initial reaction focused on renewed upheaval and confusion regarding costs facing businesses exporting to the US.

    Trump’s tariffs could hit pharmaceuticals, chemicals and auto parts, said Carsten Brzeski, an economist at ING bank. “Europe should not be mistaken, this ruling will not bring relief,” he said. “The legal authority may be different, but the economic impact could be identical or worse.”

    ___

    Anne D’Innocenzio in New York; Dee-Ann Durbin in Detroit; Michael Liedtke in San Francisco; David McHugh in Frankfurt, Germany; Jonathan Matisse in Nashville, Tennessee; Adrian Sainz in Memphis, Tennessee; and Nicole Winfield in Rome contributed to this report.

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  • The latest GDP data isn’t as bad as it looks. Here’s what to know.

    After humming along at a robust pace for much of 2025, the economy hit a wall in the fourth quarter, with a six-week government shutdown and slowdown in consumer spending stunting growth at the end of the year.

    Gross domestic product — which measures the nation’s output of goods and services — grew at a meager 1.4% annual rate in the fourth quarter, the Commerce Department said Friday. That came in well under economists’ forecasts of roughly 2% growth and is down sharply from the previous three months, when the economy expanded at a blistering 4.4% pace.

    Yet while the GDP number was weaker than expected, analysts say the economy remains on firm ground and is likely to accelerate in the coming months.

    “Today’s headline number is certainly disappointing,” eToro U.S. investment analyst Bret Kenwell told CBS News. “When you peel back the layers a little bit, it’s not quite as bad as it appears on the surface.”

    The latest GDP data, which was delayed due to the recent government shutdown, was the first snapshot of fourth-quarter economic growth. The Commerce Department will deliver two more readings for the quarter in the coming months.

    The government also released the Personal Consumption Expenditures, or PCE, report on Friday, the Federal Reserve’s preferred measure of inflation. Headline PCE grew at an annual rate of 2.9% in December, a sign that inflation remains sticky.

    Here are other key takeaways from Friday’s GDP report.

    Government shutdown tipped the scales

    The main reason the economy slumped in the final three months of 2025, according to economists: the 43-day government shutdown last year, during which hundreds of thousands of federal workers were furloughed and federal funding for a range of programs came to a halt.

    Gregory Daco, chief economist at consulting firm EY-Parthenon, in an email called the shutdown a “self-inflicted black eye.”

    “The disappointing end to the year largely reflected a self-inflicted drag from the longest government shutdown in U.S. history,” he said.

    The lapse in federal spending lasted for nearly half of the fourth quarter, stretching from October to early November. According to Friday’s GDP report, the shutdown reduced fourth-quarter growth by about 1 percentage point, largely due to a reduction in federal government services. The shutdown also contributed to a steep drop in government spending in the fourth quarter.

    Consumers pulled back on spending

    A slowdown in consumer spending also modestly weighed on economic activity last quarter. Spending rose by 2.4% in the final three months of the year, down from 2.9% in the third quarter.

    “Spending didn’t fall off a cliff, but it certainly slowed and decelerated from the pace we had earlier this year,” Kenwell said.

    Consumer spending is the nation’s main engine of growth, accounting for around two-thirds of economic activity. 

    Economists expect a rebound 

    Friday’s GDP print comes as other sectors of the economy display strength. Job growth came in higher than expected last month, with employers adding 130,000 positions. Inflation is also cooling.

    With the 2025 government shutdown in the rearview mirror, analysts expect the economy to rebound this year. Investment advisory firm Capital Economics expects the economy to grow at a 3% annual rate in the first quarter of 2026.

    Michael Pearce, chief U.S. economist at Oxford Economics, also thinks the economy will pick up because of softening tariff pressures and ongoing tax cuts, which he said will boost spending.

    “We expect a sharp rebound in the coming months, driven by a larger tax refund season,” he said in a research note.

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  • Will Americans get refunds after Trump’s tariffs were overturned by the Supreme Court?

    Businesses are pressing the Trump administration to issue tariff refunds after the Supreme Court ruled Friday that President Trump unlawfully imposed levies under the International Emergency Economic Powers Act, or IEEPA. Yet that process faces potential legal and political roadblocks, with experts saying it could drag out for years.

    Economists and trade experts told CBS News they expect the issue to be litigated in court, while no government mechanism is currently set up for businesses to file for or collect a tariff refund. 

    “We anticipate another long legal fight over those refunds,” Paul Ashworth, chief North America economist with Capital Economics, said in a note to investors. 

    Will Americans get tariff refunds after the Supreme Court ruling?

    The Supreme Court did not indicate in its ruling whether businesses that paid billions of dollars in IEEPA tariffs must be reimbursed, effectively punting the question to lower courts. 

    In a press conference on Friday after the Supreme Court ruling, Mr. Trump demurred on whether his administration will issue refunds, but suggested the process is likely to be drawn out — possibly for years.

    “They take months and months to write an opinion, and they don’t even discuss that point,” he said. “What happens to all the money we took in? It wasn’t discussed.” 

    “I guess it has to get litigated for the next two years,” he added.

    The Penn Wharton Budget Model, a nonpartisan research initiative focused on public policy analysis, estimated Friday that businesses could be owed up to $165 billion in tariff refunds. 

    How would a tariff refund work?

    Currently, no procedures are in place to automatically refund businesses for the IEEPA tariffs they paid; similarly, no portal exists that would enable businesses to apply for reimbursement. 

    Wayne Winegarden, a senior fellow in economics at Pacific Research Institute, a nonpartisan think tank that supports free-market principles, told CBS News that processing billions of dollars in tariff refunds would be an “unprecedented” move by the federal government. 

    “Certainly, the administration is not going to volunteer refunds, and companies will have to ask for them,” he said. “The bottom line is that the government didn’t have the authority to levy the tax, so they are entitled to refunds.” 

    Although Winegarden said businesses will likely have to jump through various hoops to claim a refund, he suspects some companies will opt against filing for compensation out of concern that it could anger Mr. Trump. 

    “It’s a complicated mess. For businesses, it’s a crapshoot, and he’s a punitive person, so that will keep them from asking,” Winegarden told CBS News.

    Which tariffs would qualify for a tariff refund?

    The Supreme Court struck down country-based tariffs imposed under IEEPA. Those levies account for roughly 60% of the U.S. tariff revenue collected each month, according to the Penn Wharton Budget Model. 

    At a speech at the Economic Club of Dallas on Friday, U.S. Treasury Secretary Scott Bessent suggested it is unclear if the federal government must provide tariff refunds to businesses, saying the issue is “in dispute.” 

    “The Supreme Court did not rule on that today — they pushed it back down to the International Tax and Trade Court. And you know, my sense is that could be dragged out for weeks, months, years,” he said. 

    Meanwhile, the Trump administration has said it is working to replace the IEEPA tariffs through other powers.

    “We can use other of the statutes, other of the tariff authorities, which have also been confirmed and are fully allowed,” Mr. Trump said Friday. To that end, he announced he would impose a 10% global tariff under Section 122 of the 1974 Trade Act.

    The president also indicated that his administration would seek to expand other existing tariffs, such as levies imposed under Section 301 of the Trade Act.

    Who has called for tariff refunds?

    Alex Jacquez, chief of policy and advocacy at Groundwork Collective, a progressive economic think tank, said that businesses have filed more than 1,000 claims for tariff refunds with the Court of International Trade. He expects that number to soar following Friday’s high court ruling. 

    Those cases “have been stayed since the Supreme Court decided they would take this on — now they will all go forward,” he said. “There will be a massive number of cases.”

    Shawn Phetteplace, national campaigns director for Main Street Alliance, a small business advocacy group that opposes Mr. Trump’s tariffs, urged the White House to swiftly provide refunds. 

    “We are going to work really hard to get the money back, because it’s the kind of money that can make a business unsustainable,” he said, noting that some small business owners have closed permanently because of higher tariff costs. 

    “If tariffs are deemed illegal, then the money should be paid back, and you would hope they follow the law and the ruling,” Phetteplace added. 

    Following the Supreme Court decision, some state political leaders also called on Mr. Trump to issue refunds to U.S. consumers. 

    “Trump took hard-earned money from the pockets of working families and the American people. Time to pay up,” California Gov. Gavin Newsom said in a video posted on social media.

    In a memo on Friday, Illinois Gov. JB Pritzker also demanded that the Trump administration pay every household in the state $1,700 each — a total of $8 billion. That is the amount Democratic lawmakers on the Joint Economic Committee recently estimated that U.S. families have paid in tariff costs.

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  • US audit finds gaps in the FAA’s oversight of United Airlines maintenance

    The ability of federal safety regulators to oversee airplane maintenance at United Airlines has been hindered by inadequate staffing, high employee turnover and the improper use of virtual inspections instead of on-site reviews in some cases, according to a government watchdog audit released Friday.

    The U.S. Transportation Department’s inspector general said the Federal Aviation Administration lacks sufficient staffing and workforce planning to effectively monitor United’s large fleet. Past audits by the government watchdog also highlighted FAA challenges overseeing other airline maintenance programs, including at American Airlines, Southwest Airlines and Allegiant Air.

    The FAA declined to comment on the findings but referred The Associated Press to a letter it sent the inspector general’s office that was included in the audit report. In it, the FAA said it agreed with most of the recommendations and was taking steps to address them by the end of the year.

    “FAA will implement a more systemic approach to strengthen inspector capacity and will take other measures to ensure that staffing levels remain sufficient to meet surveillance requirements,” the letter said.

    The recommendations included a reevaluation of staffing rules, an independent workplace survey of inspector workloads and office culture, and improved training on accessing and using United’s safety data — a current gap that the report said currently keeps inspectors from fully evaluating maintenance issues and safety risk trends.

    In a statement to AP, United said it works closely with the FAA on a daily basis in addition to employing its own internal safety management system.

    “United has long advocated in favor of providing the FAA with the resources it needs for its important work,” the carrier said.

    The inspector general’s office said the audit was conducted between May 2024 and December 2025, amid a series of maintenance-linked incidents at United.

    It found that the FAA sometimes had its personnel conduct inspections “virtually” when it lacked staffing or funding for travel even though agency policy requires postponing reviews that can’t be done on site. Doing the work remotely can create safety risks because inspectors may miss or misidentify maintenance problems, the reported stated.

    “Inspectors we spoke with stated that their front-line managers instructed them to perform inspections virtually rather than postponing inspections,” the report said.

    The audit also found that ongoing staffing shortages at the FAA inspection offices tasked with United’s oversight have resulted in fewer inspections being conducted, limited surveillance of the carrier’s maintenance operations and an “overall loss of institutional knowledge.”

    In March 2024, passengers had to be evacuated from a United plane that rolled off a runway after landing in Houston. The next day, a United jetliner bound for Japan lost a tire while taking off from San Francisco but later landed safely in Los Angeles.

    In December 2025, a United flight experienced an engine failure during takeoff from Dulles International Airport before safely returning to the airport.

    ___

    Associated Press writer Josh Funk contributed.

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  • Answers to Your February Money Questions – NerdWallet

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    Each week, we answer money questions from around the web on the NerdWallet app. Here are three of the trending questions from February.

    How do I check my credit?

    Checking your credit report is easy, free and 100% worth doing. That’s because your credit report reflects your record of credit use and companies often use your report to determine what loans you have access to going forward.
    1. Visit AnnualCreditReport.com to enter your information and request a report. You’ll be asked a few security questions to verify your identity. (Make sure you go to the correct website and not a similar-sounding website designed to trick visitors.)

    2. Use the NerdWallet app to view your free credit score. It’s updated weekly using TransUnion data and checking your score does not have a negative impact on your credit.

    3. Check with your financial institution. Log into your account online. Your bank or credit card provider may provide your credit score or report for free. 

    After you review your credit report, you can correct any errors you find — such as mistakes, outdated information or accounts that don’t belong to you. You can dispute the errors online through each credit bureau’s website or by mail.

    If there’s an error on your credit report that’s dragging down your credit score, it can hurt your chances of landing a low-interest loan. Credit reports can also be used by landlords, utility providers and insurance companies to set rates and determine eligibility.

    Credit reports contain the details of your credit usage history, and credit scores are numbers calculated from that information.

    Given the importance of credit scores in your financial life, checking your full credit report at least once a year — if not more often — is a solid move.

    Continue to monitor your credit report and credit score for changes. A new account that you don’t recognize is often one of the first signs of identity theft.

    Should I file my taxes early?

    If you’re expecting a tax refund this year, then filing early comes with one obvious benefit: You can get your money sooner.

    The tax deadline is April 15, 2026, but the IRS is accepting 2025 tax returns now. The agency estimates that if you file electronically, then you could receive your refund in about three weeks.

    There’s another big reason to file early: to avoid identity theft. One tax scam is when someone files fake W-2s with your Social Security number and then receives your refund, leading to your legitimate return being rejected.

    Get ahead of the scammers. File your return now, so it’s accepted before a fraudulent one is submitted in your name.

    Filing sooner rather than later can also save you money. Tax preparation software and services often charge more closer to Tax Day. They may offer lower prices for early submitters.

    A few more useful tax tips to note:

    • The IRS offers certain taxpayers options to file for free through the Free File program.
    • You can file for an extension if you’re going to miss the tax deadline. An extension gives you more time to file, not more time to pay. If you owe money, you’ll need to make a payment by April 15 or face late fees.

    What are fun ways to celebrate love for less?

    Valentine’s Day might be over, but it’s always fun to celebrate love in creative ways that aren’t too expensive.

    The good news is that there are lots of ways to spend less — or nothing at all — while still celebrating your partner and other loved ones.

    Here are some ideas:

    • Attend a free event. Nothing’s more romantic than spending quality time together, so consider checking for local free events. Perhaps there’s a concert, museum exhibit or other local happening that you can enjoy.
    • Plan a hike, urban walk or stroll around town. If you’re experiencing temperate weather, enjoying the great outdoors is another way to appreciate each other without spending anything. 

    • Cook a meal. You have to purchase the ingredients, but cooking a meal for your romantic partner can show them you care while avoiding the higher price of a restaurant. You might even be able to use some ingredients — like spices or pantry staples like rice — that you already have. 

    • Get creative. Write a poem that reflects your love. Put together a playlist. Decorate a photo frame. These can all show your love while skipping a big expense. You can find more inspiration online.  

    You could also use a date night to inspire an honest conversation about money.

    Discussing each other’s money history, credit score, debt, savings and investments might not sound romantic, but it could bring you closer. The goal is to talk openly and honestly about how to achieve your joint financial goals.

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    industry experts. All content is fact-checked for accuracy, timeliness
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    standards for journalism by reading our
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    Kimberly Palmer

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  • Here’s What the Supreme Court Tariff Ruling Means for Consumer Prices

    The landmark Supreme Court ruling that struck down many of President Donald Trump’s import tariffs could yield savings for consumers in the coming months, economists say.

    But the savings might evaporate if Trump enacts a new round of import taxes, as he vowed to do in an impassioned news conference hours after the high court decision was released.

    If relief comes, consumers can expect the most impact on categories of items that are most affected by those tariffs, including glassware and tableware, furniture and a wide range of household supplies.

    Trump’s tariffs have inflated prices across a host of imported items, an effect visible in the January inflation report. The price of household furnishings and supplies rose 3.8% from January 2025 to January 2026. Furniture and bedding prices rose 4%. Prices for dishes and flatware rose 5%.

    “We think tariffs pushed up consumer goods prices about 2% overall,” said Michael Pearce, chief U.S. economist at Oxford Economics.

    Will the tariff ruling bring lower consumer prices?

    Where will prices go from here? A lot hinges on whether the Trump administration responds to the high court ruling with new tariffs, leveraging some legal authority other than the one the court struck down.

    In a news conference hours after the ruling, Trump vowed to find a new legal basis to impose tariffs.

    “We have alternatives,” Trump said. “Great alternatives. Could be more money.”

    Trump then said he would sign a new executive order enacting a 10% “global tariff” on top of the import taxes that remain in place after the ruling. He cited a federal law that allows temporary import taxes in response to trade deficits.

    Even before Trump spoke, many observers predicted the president would look for a way to restore his tariffs.

    “My bet would be that companies are still going to be paying tariffs, just under a different statute,” said Alex Jacquez, chief of policy and advocacy at the Groundwork Collaborative, a progressive think tank.

    If the Trump administration does not initiate new tariffs, a scenario that now appears unlikely, “it does mean that we could see, over the coming months, some reversals of tariff-related price increases we saw last year,” Pearce said. “Consumers could see a little bit more of a boon to their take-home income.”

    How much have tariffs increased consumer prices?

    Fierce debate rages over exactly how much tariffs have pushed up prices already.

    A February report from the Federal Reserve Bank of New York found that American consumers and companies paid nearly 90% of the cost of Trump’s tariffs through late 2025.

    That study struck a nerve. A top White House economic adviser, Kevin Hassett, lambasted the report, suggesting its authors should be “disciplined.”

    Another analysis, by the nonprofit Tax Foundation, found that Trump’s tariffs equated to a tax increase of $1,000 per household in 2025. Households were expected to pay an additional $1,300 in 2026.

    That estimate could change in light of the new court ruling. The Budget Lab at Yale suggests that consumer prices will rise 0.6% in the short term, a cost of roughly $800 for the average U.S. household. Without the high court ruling, the Budget Lab said, prices would rise twice as quickly.

    Whatever their impact, tariffs have not sparked the inflation crisis many observers had feared. The overall annual inflation rate for January came in at a modest 2.4%.

    The Supreme Court decision lowers America’s effective tariff rate from 12.8% to 8.3%, Pearce estimates.

    The Budget Lab at Yale puts the new tariff figure at 9.1%. It’s still the highest U.S. tariff rate since 1946, excluding last year’s policy changes, according to the Budget Lab.

    The Supreme Court ruling does not apply to all of the tariffs Trump enacted in 2025. It excludes, for example, tariffs on some specific industrial sectors, such as steel and motor vehicles.

    Where are tariffs still in place?

    With the court ruling, America’s remaining tariffs – the ones that weren’t struck down – “fall most heavily on metals, vehicles and electronics,” the Budget Lab reports.

    Soon, thousands of American importers could stand to reap refunds on some or all of the estimated $150 billion they paid in tariffs.

    It’s hard to see how those refunds could reach consumers, Pearce and other tariff experts said. If there are refunds, they would probably go to the importers that paid the taxes.

    In fact, some businesses “have already said they will raise prices this year because of tariffs paid last year,” Jacquez said.

    This article originally appeared on USA TODAY: Here’s what the Supreme Court tariff ruling means for consumer prices

    Reporting by Daniel de Visé, USA TODAY / USA TODAY

    USA TODAY Network via Reuters Connect

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  • Chicken Fried Rice Sold at Trader Joe’s Recalled. See Affected Item.

    Ready-to-eat chicken fried rice sold at Trader Joe’s stores across the United States is being recalled due to possible glass contamination, according to a notice shared on the USDA’s Food Safety and Inspection Service website.

    Ajinomoto Foods North America, an Oregon-based food manufacturer, notified the FSIS after receiving customer complaints.

    Four customers reported finding glass in the products, although there have been no confirmed reports of injuries, according to the notice the FSIS shared on Feb. 19.

    “FSIS is concerned that some products may be in retailers’ or consumers’ freezers. Consumers who have purchased these products are urged not to consume them,” the notice reads. “These products should be thrown away or returned to the place of purchase.”

    The FSIS notice, which includes information about another recall, did not detail how many pounds or units of the rice have been recalled from Trader Joe’s.

    USA TODAY contacted Trader Joe’s on Feb. 20, but has not received a response.

    How do I know if I have the recalled fried rice?

    The recalled fried rice comes in a green 20-ounce plastic bag that reads “Trader Joe’s Chicken Fried Rice with stir fried rice, vegetables, seasoned dark chicken meat and eggs.”

    The “best if used by” dates on the package are Sept. 8, 2026, through Nov. 17, 2026.

    Ajinomoto Foods North America said customers who have questions can contact the company at 855-742-5011 or email at [email protected].

    Consumers with food safety questions can also call the toll-free USDA Meat and Poultry Hotline at 888-674-6854 or email questions to [email protected].

    There’s also an Electronic Consumer Complaint Monitoring System that customers can use to report issues with meat, poultry or egg products at www.foodcomplaint.fsis.usda.gov.

    Saleen Martin is a reporter on USA TODAY’s NOW team. She is from Norfolk, Virginia – the 757. Email her at [email protected].

    This article originally appeared on USA TODAY: Chicken fried rice sold at Trader Joe’s recalled. See affected item.

    Reporting by Saleen Martin, USA TODAY / USA TODAY

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  • Supreme Court Nixes Trump’s Tariffs in Blow to President – NerdWallet

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    On Friday, the Supreme Court ruled that the basis of President Donald Trump’s justification for enacting most of his second-term tariffs is unconstitutional.

    The ruling means the U.S. may owe businesses many billions of dollars in refunds. It also means that consumers could eventually see lower prices than they have since the reciprocal tariffs began.

    But the SCOTUS ruling doesn’t mean the end of tariffs altogether — Trump’s tariffs on steel and aluminum, for example, would stand. And the president can certainly impose more tariffs, but he’ll have to find a different channel to do so.

    In 2025, Trump unilaterally imposed a sweeping set of what he called “reciprocal” tariffs on imports from countries worldwide. The administration justified his action under the 1977 International Emergency Economic Powers Act (IEEPA), a law that allows the executive branch to regulate certain economic transactions during declared national emergencies tied to an “unusual and extraordinary” threat to national security or the economy.

    Trump says the tariffs are meant to counter what he describes as unfair trade practices and to pressure trading partners into negotiating more favorable terms for the U.S.

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    Several private companies and 12 states challenged the reciprocal tariffs in a series of lawsuits, arguing that IEEPA did not give the president authority to enact the tariffs and that this type of sweeping trade policy requires congressional authorization.

    Federal district courts ruled in favor of the challengers, stating that the president did not have the authority to impose tariffs under the IEEPA and that Congress historically maintains control over broad tariff policies.

    The Trump administration appealed those rulings, arguing that the IEEPA gives the president discretion to respond to economic threats.

    On Nov. 5, the Supreme Court heard oral arguments in Learning Resources v. Trump, a case consolidating the key questions in the lower-court cases. During arguments, several justices appeared skeptical of the administration’s use of IEEPA as justification for imposing large-scale tariffs.

    On Feb. 20, SCOTUS agreed 6-3 that the administration could not enact tariffs under the IEEPA.

    “The President asserts the extraordinary power to unilaterally impose tariffs of unlimited amount, duration, and scope,” wrote Chief Justice John Roberts in the majority opinion. “In light of the breadth, history, and constitutional context of that asserted authority, he must identify clear congressional authorization to exercise it.”

    Roberts said IEEPA cannot be used as justification because the IEEPA contains no reference to tariffs or duties, there is no statute in which Congress gives the president power to “regulate” imports and no president has used IEEPA to impose tariffs.

    What does the tariff ruling mean for you?

    The court’s ruling means the tariffs enacted under the IEEPA — the majority of Trump’s second-term tariffs — are null and void.

    Without tariffs, importers’ costs will fall, which means the cost of doing business will go down. As a result, consumer prices are likely to eventually ease, meaning everyday imports like electronics and appliances, apparel, auto parts and furniture could get cheaper. That dynamic is also likely to ease tariff-fueled inflation.

    Without tariffs, shipping products internationally will likely be faster, and importers won’t have to rely on supply-chain workarounds. Not only will overseas purchases arrive faster, but there will also likely be more options on store shelves.

    However, it will take time for prices to come down as importers work through inventories purchased under tariff conditions and wait for contracts with suppliers or shippers to unwind. In other words, consumers probably won’t see price drops overnight.

    There’s another wrinkle, too: Some companies may not lower prices and instead absorb the savings from the absence of tariffs as profit.

    Importers expect to be refunded

    Importers will no longer have to pay tariffs going forward and with tariffs struck down, importers are expected to receive refunds on levies paid while the tariffs were in place. What’s unclear at the moment is how businesses will recoup that tariff money and the timeline for doing so. Administering the process could take years.

    Some companies have already sold their rights to any future refund money they might receive under the ruling, which allowed them to get cash immediately instead of waiting for a refund later. Investors, banking on tariffs being overturned, paid only a small fraction up front and reserved the rights to the eventual refunds.

    Trump will likely seek other ways to impose tariffs

    It’s likely the Trump administration won’t give up on tariffs. Trump has other potential avenues to enact levies on imports without Congress including:

    • Section 232 of the Trade Expansion Act of 1962, which gives the president authority to impose restrictions, like tariffs, if the Secretary of Commerce declares a threat to national security. Trump has used Section 232 for his tariffs on steel and aluminum, for example. 

    • Section 301 of the Trade Act of 1974, which gives the president the authority to take actions, such as enacting tariffs, against unreasonable or unjustifiable foreign trade practices. During Trump’s first term, he used Section 301 as the basis for tariffs on China. 

    Elizabeth Renter, NerdWallet’s senior economist, says the ruling presents new uncertainty for consumers who have already felt the impact of tariffs for months. “While the Administration will likely seek alternative routes to achieve their ends, there will be no plug-and-play solution that allows things to continue on the path they’ve been on,” says Renter. “For consumers, the ruling means less risk of higher and higher prices, but no end in sight to the economic uncertainty.”

    (Photo by Mario Tama/Getty Images Images via Getty Images)

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  • 6 Low-Stress Side Hustles That Don’t Require a Car or a Degree

    You don’t need a master’s degree or a vehicle to build a reliable second income stream. While the gig economy is often associated with driving for rideshare apps or delivering food, some of the best opportunities require nothing more than a reliable internet connection and a bit of spare time.

    If you are looking to pad your savings or offset rising costs without adding significant stress to your life, these options offer flexibility and decent pay without a high barrier to entry.

    1. House sitting

    This is arguably the lowest-stress gig available. When homeowners travel, they often prefer to have someone stay in their house to water plants, bring in the mail and ensure everything stays secure. It is a quiet job that often doubles as a mini-vacation.

    While rates vary by location, professional house sitters in the U.S. earn an average of roughly $35,000 annually for full-time work. However, many sitters charge a flat daily or overnight rate, which can range widely depending on the duties involved.

    Take a look at House Sitters America or TrustedHousesitters.

    2. Online mock juror

    If you enjoy legal dramas, you can get paid to help attorneys prepare for real trials. Lawyers often hire mock juries to test their arguments and see how a group of people reacts to evidence before they step into a courtroom.

    You review evidence videos, read documents, and answer questions about the case from your computer. Platforms like eJury and Online Verdict typically pay between $20 and $60 per case, depending on the length and complexity. It is intellectually stimulating work that requires zero physical exertion.

    3. Website user testing

    Companies are willing to pay for honest feedback on their websites and apps. They want to know if their menus are confusing or if their checkout process is broken. As a website user tester, you record your screen and voice as you navigate a site and complete specific tasks.

    You don’t need technical skills—in fact, being an “average” user is often an asset. Sites like UserTesting typically pay $10 for a 20-minute test. Live conversation tests, where you speak directly with a researcher via video call, can pay significantly more, sometimes up to $60 or $100 per hour.

    4. In-home pet sitting

    Unlike dog walking, which can be physically demanding and weather-dependent, in-home pet sitting focuses on companionship. This usually involves staying at a client’s home while they are away to feed, cuddle, and let pets out into the yard.

    Demand for this service is high. Recent data suggests overnight pet sitting rates often fall between $50 and $90 per night. If you love animals, this is a way to monetize that affection without the stress of managing a pack of dogs on a busy street.

    5. Selling digital printables

    This is a front-loaded side hustle that can eventually generate passive income. The concept involves creating digital files — like checklists, budget planners or wall art — and selling them on marketplaces like Etsy.

    Once you design the file and list it, you don’t have to do anything else. When a customer buys it, they download it automatically. You never have to worry about shipping, inventory, or supply chains. Successful sellers can earn hundreds or even thousands of dollars a month once they build a portfolio of products.

    6. Online focus groups

    Market research has evolved beyond filling out endless bubble sheets. High-end market research firms seek specific demographics (like professionals, parents, or retirees) to participate in detailed online focus groups.

    These sessions are often conducted via webcam and can take between 30 minutes and an hour. Because the criteria are specific, the pay is higher than standard surveys. Platforms like Respondent can pay $50 to $250 per study. It is an excellent option if you have strong opinions and are comfortable sharing them in a group setting.

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  • Mortgage Rates Today, Friday, February 20: A Noticeable Jump – NerdWallet

    Mortgage interest rates are higher this morning, and though we’re still in exceptionally low territory, it might not last much longer.

    The average interest rate on a 30-year, fixed-rate mortgage jumped to 5.92% APR, according to rates provided to NerdWallet by Zillow. This is 15 basis points higher than yesterday but still two basis points lower than a week ago. (See our chart below for more specifics.) A basis point is one one-hundredth of a percentage point.

    Last Friday, unexpectedly positive inflation data brought on a significant rate drop. This morning, however, different inflation data came in that may be bad news for mortgage rates — get the scoop below the graph.

    While the economy never sleeps, markets are closed on the weekends. The rates you see Friday are unlikely to change much (if at all) until Monday.

    Average mortgage rates, last 30 days

    📉 When will mortgage rates drop?

    Mortgage rates are constantly changing, since a major part of how rates are set depends on reactions to new inflation reports, job numbers, Fed meetings, global news … you name it. For example, even tiny changes in the bond market can shift mortgage pricing.

    Last week, mortgage rates dropped in a somewhat outsized reaction to better-than-expected inflation data from the January Consumer Price Index (CPI) released Feb. 13. That party could only last so long though, since today we got new data on a different measure of inflation, personal consumption expenditures (better known as PCE).

    It’s not a perfect apples-to-apples comparison between these two data sets. They measure inflation differently, and since last fall’s shutdown has the Bureau of Economic analysis running behind, today’s PCE numbers were from December. Still, these are close enough that we could call it a Granny-Smith-to-Red-Delicious comparison. They’re different, but they’re both apples.

    And if that’s the case, PCE is the mealy Red Delicious. Both the overall and core numbers came in higher than some expected. (Core PCE cuts out food and energy, which can be erratic.) Core PCE had a 3% year-over-year increase. Meanwhile, the Federal Reserve targets a 2% rate of inflation — and the central bankers prefer PCE to CPI as a more accurate indicator.

    The Fed pumps the brakes on inflation by raising the federal funds rate, hoping higher borrowing costs discourage spending. But way before the central bankers make any decision (their next meeting is Mar. 17-18), mortgage rates could start moving higher if hopes of a spring or early summer rate cut start to dwindle.

    Even without PCE, the forecast for the low rates parade was looking rainy. Minutes from the Federal Reserve’s January meeting, which were released on Wednesday, showed that inflation remains a significant concern for the central bankers. They voted to hold the funds rate steady in January, but looking ahead, there were three camps: Those who felt future rate cuts were likely, those who thought the current rate would be maintained for a while, and a group that was open to the possibility of raising rates.

    That third group, which judged that “upward adjustments to the target range for the federal funds rate could be appropriate if inflation remains at above-target levels,” got markets’ attention. We’d all kind of been assuming that the argument was hold versus cut, and rate hikes weren’t really on the table. While the Fed raising the funds rate is still pretty unlikely (markets don’t see it happening), this inflation news is likely to further dampen enthusiasm for cuts.

    🔁 Should I refinance?

    Refinancing might make sense if today’s rates are at least 0.5 to 0.75 of a percentage point lower than your current rate (and if you plan to stay in your home long enough to break even on closing costs).

    With rates where they are right now, you could start considering a refi if your current rate is around 6.42% or higher.

    Also consider your goals: Are you trying to lower your monthly payment, shorten your loan term or turn home equity into cash? For example, you might be more comfortable with paying a higher rate for a cash-out refinance than you would for a rate-and-term refinance, so long as the overall costs are lower than if you kept your original mortgage and added a HELOC or home equity loan.

    If you’re looking for a lower rate, use NerdWallet’s refinance calculator to estimate savings and understand how long it would take to break even on the costs of refinancing.

    There is no universal “right” time to start shopping — what matters is whether you can comfortably afford a mortgage now at today’s rates.

    If the answer is yes, don’t get too hung up on whether you could be missing out on lower rates later; you can refinance down the road. Focus on getting preapproved, comparing lender offers, and understanding what monthly payment works for your budget.

    NerdWallet’s affordability calculator can help you estimate your potential monthly payment. If a new home isn’t in the cards right now, there are still things you can do to strengthen your buyer profile. Take this time to pay down existing debts and build your down payment savings. Not only will this free up more cash flow for a future mortgage payment, it can also get you a better interest rate when you’re ready to buy.

    🔒 Should I lock my rate?

    If you already have a quote you’re happy with, you should consider locking your mortgage rate, especially if your lender offers a float-down option. A float-down lets you take advantage of a better rate if the market drops during your lock period.

    Rate locks protect you from increases while your loan is processed, and with the market forever bouncing around, that peace of mind can be worth it.

    🤓 Nerdy Reminder: Rates can change daily, and even hourly. If you’re happy with the deal you have, it’s okay to commit.

    🧐 Why is the rate I saw online different from the quote I got?

    The rate you see advertised is a sample rate — usually for a borrower with perfect credit, making a big down payment, and paying for mortgage points. That won’t match every buyer’s circumstances.

    In addition to market factors outside of your control, your customized quote depends on your:

    • Location and property type

    Even two people with similar credit scores might get different rates, depending on their overall financial profiles.

    👀 If I apply now, can I get the rate I saw today?

    Maybe — but even personalized rate quotes can change until you lock. That’s because lenders adjust pricing multiple times a day in response to market changes.

    Kate Wood

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  • NerdWallet Book Club: How to Manage a Parent’s Money – NerdWallet

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    When Beth Pinsker’s mother became too ill to manage her own finances, she and her brother stepped in to pay bills and monitor accounts on her behalf.

    As a financial journalist and certified financial planner (CFP), Pinsker figured she was well-prepared for the task. It turned out to be much more complicated than she anticipated.

    Her subsequent book, “My Mother’s Money: A Guide to Financial Caregiving,” documents her challenge and shares advice for others. It’s NerdWallet’s winter Book Club pick.

    “You hit a certain age in life and you become a caregiver, and nobody prepares you for it,” Pinsker says. Taking over the entire financial existence of another human being is complicated and time-consuming, she adds, and many of us will probably need to do it at some point.

    In 2024, a NerdWallet survey found that more than half of Americans (55%) either were currently or planned to assist their parents financially, whether that meant paying for things, managing their money, or both.

    Here are five lessons from Pinsker’s book.

    Be mentally prepared to help aging parents or other close relatives

    “It’s 100% going to happen to you,” Pinsker says, referring to financial caregiving. You might be the caregiver to a parent or you might need financial caregiving. “Nobody escapes this. It’s a freight train coming for everybody.”

    While we can’t avoid it, we can prepare for it by making room in our lives to take on the task when necessary.

    “This is not a task you can hire out. This financial stuff gets done by the next closest family member,” Pinsker says.

    Ask your parents about their finances before you need to help them

    Starting these less-than-comfortable conversations early is important, Pinsker says. Ask aging parents if they have estate planning documents in place, and take time to understand their financial wishes and end-of-life care preferences.

    When you know what your parents want, you don’t have to guess under time pressure when you’re suddenly being asked for answers at the hospital, she adds.

    Check if you can gain access to your parent’s phone and computer

    “If you do not have access to a person’s phone, you have a problem,” Pinsker says. You’ll likely need it to be able to manage many of their accounts and any important digital assets after they die.

    In addition, you should know how to access their passwords for important accounts, she says.

    Many companies such as Apple, Google and Facebook allow users to set up a legacy contact — an approved person who can take over a person’s accounts after they die. Helping your parents set that up can make it easier for you to gain access when needed.

    Make time to follow up on paperwork

    Pinsker had to file her mom’s tax returns with the IRS and contact the Social Security Administration because her mom’s final check never arrived after she died. “I had never heard of that happening. It’s not something that comes up until it happens to you,” she says.

    Knowing her mom would have wanted the money she was owed, Pinsker tracked down that last check, which turned out to be harder than it sounds. “I’m a CFP, and I could not fill out that form or find the correct mailing address,” she says.

    After an extended online search, Pinsker completed the form and found a working address. Three months later, the final check arrived.

    Managing the finances of an ailing parent or wrapping up their accounts after death can be emotionally and mentally draining. It’s easy to make mistakes along the way or second-guess decisions.

    “Have compassion for yourself and compassion for your loved ones,” Pinsker says. Talking to them in advance can go a long way toward easing the process, but it’s still hard.

    One silver lining? The experience might inspire you to talk to your own kids about your preferences sooner, so they’re more prepared to help when and if you need them to.

    How to enter NerdWallet’s Book Club giveaway

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    trustworthy sources to inform their work, including peer-reviewed
    studies, government websites, academic research and interviews with
    industry experts. All content is fact-checked for accuracy, timeliness
    and relevance. You can learn more about NerdWallet’s high
    standards for journalism by reading our
    editorial guidelines.

    Kimberly Palmer

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  • See where U.S. homeowners pay the highest property taxes by county and state

    Property taxes around the U.S. have long been a lightning rod for debate, with political leaders perpetually balancing the need to fund their budget priorities against the risk of alienating homeowners and businesses. This week, for example, New York City Mayor Zohran Mamdani sparked an uproar by proposing to close a budget hole by sharply raising property taxes.

    Although the move was widely interpreted as a political gambit aimed at spurring state lawmakers to hike taxes on wealthy New Yorkers and corporations, the backlash highlights the sensitivities around property taxes at a time many Americans already feel financially strapped.

    Such taxes — levied mostly by local governments to raise revenue for services including public schools, road construction, and police and fire departments — account for 70 cents of every $1 in local tax collections, according to the nonpartisan Tax Foundation.

    But as home values surge nationwide, tax assessments also have risen, leading to higher property taxes in many parts of the U.S. At the same time, states such as Florida, Georgia and North Dakota are taking the opposite tack by proposing to eliminate property taxes for homeowners. 

    Read on to see how property taxes compare across U.S. states and counties. 

    “Surging home values have amplified calls to cut or even abolish the property tax,” wrote Tax Policy Center senior research associate Thomas Brosy in a September blog post. “Because property taxes rise with home values, homeowners may fear being squeezed by larger tax bills.”

    The median property tax bill in the U.S. jumped 30% between 2019 and 2024, he added. Across the U.S., Illinois has the highest effective property tax rate, while Hawaii has the lowest, according to the Tax Foundation.

    Mamdani’s proposal in New York City stems from a $5.4 billion budget shortfall, with the mayor seeking to plug it by either hiking taxes on high-earning residents or raising taxes on homeowners. 

    That strategem is considered unlikely to succeed. New York Gov. Kathy Hochul has previously rejected a wealth tax and also opposes a higher property tax, while New York City Council Speaker Julie Menin called the plan a non-starter. 

    Property taxes by county (Choropleth map)

    New York County, home to Manhattan, is already one of the 16 U.S. counties with the highest median property tax payments, with the typical homeowner paying more than $10,000 per year in property taxes, according to the Tax Foundation. 

    The other U.S. counties with the highest property taxes include eight in New Jersey, five additional New York counties, Falls Church City in Virginia and Marin County in California.

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  • Saudi Arabia may have uranium enrichment under proposed deal with US, arms control experts warn

    DUBAI, United Arab Emirates — Saudi Arabia could have some form of uranium enrichment within the kingdom under a proposed nuclear deal with the United States, congressional documents and an arms control group suggest, raising proliferation concerns as an atomic standoff between Iran and America continues.

    U.S. Presidents Donald Trump and Joe Biden both tried to reach a nuclear deal with the kingdom to share American technology. Nonproliferation experts warn any spinning centrifuges within Saudi Arabia could open the door to a possible weapons program for the kingdom, something its assertive crown prince has suggested he could pursue if Tehran obtains an atomic bomb.

    Already, Saudi Arabia and nuclear-armed Pakistan signed a mutual defense pact last year after Israel launched an attack on Qatar targeting Hamas officials. Pakistan’s defense minister then said his nation’s nuclear program “will be made available” to Saudi Arabia if needed, something seen as a warning for Israel, long believed to be the Middle East’s only nuclear-armed state.

    “Nuclear cooperation can be a positive mechanism for upholding nonproliferation norms and increasing transparency, but the devil is in the details,” wrote Kelsey Davenport, the director for nonproliferation policy at the Washington-based Arms Control Association.

    The documents raise “concerns that the Trump administration has not carefully considered the proliferation risks posed by its proposed nuclear cooperation agreement with Saudi Arabia or the precedent this agreement may set.”

    Saudi Arabia did not immediately respond to questions Friday from The Associated Press

    The congressional document, also seen by the AP, shows the Trump administration aims to reach 20 nuclear business deals with nations around the world, including Saudi Arabia. The deal with Saudi Arabia could be worth billions of dollars, it adds.

    The document contends that reaching a deal with the kingdom “will advance the national security interests of the United States, breaking with the failed policies of inaction and indecision that our competitors have capitalized on to disadvantage American industry and diminish the United States standing globally in this critical sector.” China, France, Russia and South Korea are among the leading nations that sell nuclear power plant technology abroad.

    The draft deal would see America and Saudi Arabia enter safeguard deals with the International Atomic Energy Agency, the United Nations’ nuclear watchdog. That would include oversight of the “most proliferation-sensitive areas of potential nuclear cooperation,” it added. It listed enrichment, fuel fabrication and reprocessing as potential areas.

    The IAEA, based in Vienna, did not immediately respond to questions. Saudi Arabia is a member state to the IAEA, which promotes peaceful nuclear work but also inspects nations to ensure they don’t have clandestine atomic weapons programs.

    “This suggests that once the bilateral safeguards agreement is in place, it will open the door for Saudi Arabia to acquire uranium enrichment technology or capabilities — possibly even from the United States,” Davenport wrote. “Even with restrictions and limits, it seems likely that Saudi Arabia will have a path to some type of uranium enrichment or access to knowledge about enrichment.”

    Enrichment isn’t an automatic path to a nuclear weapon — a nation also must master other steps including the use of synchronized high explosives, for instance. But it does open the door to weaponization, which has fueled the concerns of the West over Iran’s program.

    The United Arab Emirates, a neighbor to Saudi Arabia, signed what is referred to as a “123 agreement” with the U.S. to build its Barakah nuclear power plant with South Korean assistance. But the UAE did so without seeking enrichment, something nonproliferation experts have held up as the “gold standard” for nations wanting atomic power.

    The push for a Saudi-U.S. deal comes as Trump threatens military action against Iran if it doesn’t reach a deal over its nuclear program. The Trump military push follows nationwide protests in Iran that saw its theocratic government launch a bloody crackdown on dissent that killed thousands and saw tens of thousands more reportedly detained.

    In Iran’s case, it long has insisted its nuclear enrichment program is peaceful. However, the West and the IAEA say Iran had an organized military nuclear program up until 2003. Tehran also had been enriching uranium up to 60% purity, a short, technical step from weapons-grade levels of 90% — making it the only country in the world to do so without a weapons program.

    Iranian diplomats long have pointed to 86-year-old Supreme Leader Ayatollah Ali Khamenei’s comments as a binding fatwa, or religious edict, that Iran won’t build an atomic bomb. However, Iranian officials increasingly have made the threat they could seek the bomb as tensions have risen with the U.S.

    Saudi Crown Prince Mohammed bin Salman, the kingdom’s day-to-day ruler, has said if Iran obtains the bomb, “we will have to get one.”

    ___

    The Associated Press receives support for nuclear security coverage from the Carnegie Corporation of New York and Outrider Foundation. The AP is solely responsible for all content.

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