President Trump will speak with reporters Friday after the Supreme Court struck down nearly all of the administration’s sweeping tariffs on foreign trading partners. The high court rejected Trump’s expanded use of the International Emergency Economic Powers Act to impose the steep import taxes. The 1970s-era law allows the president to “regulate” imports when necessary to respond to national emergencies that pose an “unusual and extraordinary” threat. During a breakfast with governors earlier Friday, Trump called the decision — which received mixed reactions from lawmakers — a “disgrace.” Justices Samuel Alito, Clarence Thomas and Brett Kavanaugh dissented. Conservatives Neil Gorsuch and Amy Coney Barrett sided with…
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Stocks jumped on Friday after the Supreme Court ruled that President Trump cannot impose sweeping tariffs. NewsNation’s Alicia Nieves has the reaction from Wall Street. #SCOTUS #Tariff #WallStreet Get a fast-paced look at the latest from the border to Main Street to the White House on "NewsNation Live with Marni Hughes." Weekdays starting at 9a/8C.#NewsNationLive NewsNation is your source for fact-based, unbiased news for all Americans.
The Supreme Court cast aside the bulk of President Trump’s sweeping tariffs Friday, obliterating a canon of his economic strategy in ruling that his use of an emergency statute to remake global trade was unlawful. The decision invalidates what the Trump administration called the president’s most significant economic and foreign policy initiative of his second term, a result Trump has warned could foist financial ruin upon the United States.
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