In a landmark decision, the U.S. Supreme Court ruled that President Donald Trump's sweeping tariffs, imposed under emergency powers, were unconstitutional, delivering a major blow to his economic strategy.
The court's 6-3 ruling overturned Trump's so-called "Liberation Day" tariffs, which had enacted a 10% global tariff on all trading partners, highlighting the need for a solid legal foundation for such economic measures.
The fallout from the decision has left over $200 billion in tariff revenue in limbo, raising questions about whether affected businesses will receive refunds and creating uncertainty in international trade.
Trump expressed outrage at the ruling, calling it "deeply disappointing" and stating he felt "absolutely ashamed" of the justices who sided against him, revealing his commitment to his aggressive economic policies.
The ruling prompted reactions from political leaders, including Republicans who celebrated the decision as a win for legislative authority, while legal experts noted potential avenues for Trump to revive similar tariffs through different legal channels.
As the Supreme Court's decision unfolds, it coincides with a backdrop of heightened military activity in the Middle East and intensified tensions with Iran, illustrating the intertwined nature of the administration's economic and foreign policy challenges.
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