If the Supreme Court had opted to uphold tariffs issued under IEPPA, the nation's effective tariff rate would have remained at 16%, the Yale Budget Lab said. Taking into account Section 122 tariffs, the effective tariff rate now stands at 13.7%, the group said.

Two-thirds of New Jersey voters think the tariffs implemented by the Trump administration have led to higher costs, according to a Stockton University poll.

The tariffs, or taxes on goods entering the country, were imposed in 2025 by President Donald Trump, who cited the International Emergency Economic Powers Act of 1977 to issue the tariffs without cong...