Supreme Court Blocks Trump Tariffs; President Announces New 10% Global Tariff

In Brief

Supreme Court struck down most Trump tariffs; Trump announced a new 10% global tariff.

Key Facts

• The Supreme Court struck down most of President Trump's tariffs, according to CBS News and Al Jazeera.
• President Trump criticized Supreme Court justices, including his own appointees, after the ruling, according to CBS News.
• Trump announced plans to sign an order imposing a 10% global tariff under a different legal authority, according to CBS News and Al Jazeera.
• At least 1,000 companies have sued the Trump administration over tariff policies, according to Al Jazeera.
• Trump suggested he does not intend to refund tariff fees already collected, according to Al Jazeera.

What Happened

The Supreme Court ruled against most of President Trump's tariffs, as reported by multiple sources. Following the decision, Trump criticized the justices and announced plans to impose a new 10% global tariff using a different legal authority. At least 1,000 companies have filed lawsuits regarding the administration's tariff policies.

Why It Matters

The Supreme Court's decision marks a significant legal development in US trade policy, affecting businesses involved in tariff-related lawsuits. President Trump's announcement of a new global tariff indicates ongoing efforts to pursue trade restrictions through alternative legal avenues. The outcome may have implications for international trade and affected companies.