#tariffs
US Supreme Court strikes down Trump tariffs for being unconstitutional
Hawai‘i’s U.S. Sen. Mazie K. Hirono praised the high court’s decision, saying: “They were conceived as another lever for Trump to consolidate power and intimidate our global partners — including some of our closest allies.”
Schatz votes to extend Affordable Care Act tax credits to protect people’s health care
Senate Republicans, however, who have the majority, rejected the measure; the vote came after Schatz earlier during the week took to the Senate floor, saying President Donald Trump “is making people poorer, and he’s doing it on purpose,” in remarks about about various ways he said Trump is increasing prices of everything in the daily lives of Americans.
Watch: UHERO forecasts federal policies will push Hawaiʻi toward mild recession
The organization’s 2025 second quarter forecast shows sharp increases in U.S. import tariffs, sweeping federal layoffs along with volatile fiscal and immigration policies are undermining consumer confidence, raising inflation expectations and worsening the business outlook — nationally and in Hawaiʻi’s visitor-dependent economy.
UH economic outlook shows Trump’s cuts, tariffs could put Hawaiʻi on track for recession
While tax cuts may provide some stimulus this year, the new administration’s actions — including tariffs, mass deportations and spending cuts — will impose significant drag thereafter, UHERO states in its first quarter forecast for 2025.
