The move comes after the Supreme Court handed the White House a huge setback to one of its signature economic and foreign policy tools.

A pair of rulings on tariffs and National Guard deployment mark the justices’ first major decisions against the president. More may be coming.

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 major stock indexes rose on Friday to close out a winning week after the Supreme Court struck down the sweeping tariffs implemented by President Trump last year in a major setback for the president's signature economic policy.