Supreme Court Strikes Down Trump’s Tariffs

“The Supreme Court ruled that President Trump exceeded his authority when he imposed sweeping tariffs on imports from nearly every U.S. trading partner, a major setback for his administration’s second-term agenda,” the New York Times reports.

“The court’s 6-3 decision has significant implications for the U.S. economy, consumers and the president’s trade policy. The Trump administration had said that a loss at the Supreme Court could force the government to unwind trade deals with other countries and potentially pay hefty refunds to importers.”

Washington Post: “Decision marks notable shift in high court’s approach to Trump. The Supreme Court ruling against President Donald Trump’s tariffs marked a departure from a string of victories for the president at the high court.”

“Over the past year, the justices have overwhelmingly ruled for Trump in temporary rulings, clearing the way for him to ban transgender troops from the military, give the U.S. DOGE Service access to sensitive data and deeply cut the Education Department as legal challenges play out.”

Bloomberg: “Stocks Jump, Bond Curve Steepens as Court Axes Tariffs.”