Businesses Celebrate Tariff Relief, Face New Uncertainty

Companies across the country greeted the Supreme Court’s ruling with jubilation and a collective exhale after months of anxious waiting, suddenly freed from the burden of punishing import taxes. Victor Owen Schwartz, a small wine importer in New York City and one of the plaintiffs, said it was "impossible to describe the feeling of elation, that we were right and the court agrees with us." Trade groups expressed relief, and owners of small businesses flooded social media and each other’s inboxes; "The toy industry is just celebrating massively right now," said Sari Wiaz of Baby Paper, which has produced its crinkly-sounding paper in the same Chinese factory for 15 years.

The celebration was tempered almost immediately by the prospect of a renewed trade war. In a defiant news conference, President Trump vowed to impose a new, across-the-board 10 percent tariff on U.S. trading partners, and companies worried anew about shifting policy.

United States, New York City

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