Supreme Court Strikes Down Trump's Tariffs in Landmark Ruling

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The US Supreme Court invalidated Donald Trump’s "Liberation Day" tariffs after ruling he overstepped his authority under the International Emergency Economic Powers Act.John Roberts wrote that the US Constitution reserves the power to levy taxes for Congress rather than the executive branch.The federal government may now be required to refund up to $240B to major corporations including Apple and Toyota following the 6-3 decision.Donald Trump responded by signing a 150-day emergency 10% global tariff while criticizing Neil Gorsuch and Amy Coney Barrett as "unpatriotic" as the S&P 500 rose 0.7%.
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