Supreme Court strikes down Trump’s tariffs
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The U.S. Supreme Court struck down President Donald Trump's sweeping global tariffs, handing him a loss on an issue crucial to his economic agenda.
A U.S. state wants $8.68B back after Supreme Court ruling.
The move comes after the Supreme Court handed the White House a huge setback to one of its signature economic and foreign policy tools.
The Supreme Court told the Trump administration that the term "regulate" in the IEEPA does not give White House authority to impose tariffs on imports.
The US Supreme Court will convene Friday at 10 a.m. ET for the first time in weeks, with markets keyed in on a possible decision around tariffs.