You may be aware that President Donald Trump’s global tariff war will see Americans paying more for consumer goods, but have you considered the cost of services will also rise? According to a February report from Insurify,

Recent court decisions challenge President Trump's efforts to impose tariffs. Are those decisions on legal solid ground?

President Trump announced Friday that he would double tariffs on imported steel to 50% following a pair of court rulings that left many of his signature duties in limbo.

It came a day after a previous ruling temporarily blocked many of the administration's sweeping trade tariffs.

"This ruling protects American businesses from the destabilizing effects of volatile, unilaterally imposed tariffs."

Michigan was $34 million shy of exporting $3 billion in agriculture products in 2024. The biggest market remains Canada at more than $1.2 billion.

While a bulk of chains, including Sweetgreen and Chipotle, expect minimal impact to food costs because of domestic supply chains, the cost of new equipment could rise.

The U.S. Court of International Trade declared late Wednesday that President Donald Trump overstepped his authority when he invoked the International Economic Emergency Powers Act to impose tariffs on dozens of countries including Canada.