Supreme Court Blocks Trump's Tariffs Prompting New 10% Global Levy
The US Supreme Court issued a landmark 6-3 ruling in Learning Resources Incorporated versus Donald Trump, significantly curbing the president's authority to impose unilateral tariffs.Chief Justice John Roberts and conservative justices Neil Gorsuch and Amy Coney Barrett joined the liberal wing to invalidate the "Liberation Day" reciprocal levies of up to 50% on various nations.Following the decision, Donald Trump signed an executive order for a temporary 10% global tariff while the federal government faces potential refunds of up to $240 billion.The administration is now exploring alternative mechanisms to bypass judicial restrictions after
Donald Trump criticized the court as a disgrace during a meeting with governors.