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The Supreme Court's decision puts into issue billions collected in tariffs over the past year.
The central theme of 2025 was the disconnect between market sentiment and economic reality. The year began with widespread apprehension regarding aggressive tariffs and forecasts of a recession.
The US Supreme Court has ruled that former President Donald Trump exceeded his authority by imposing broad tariffs on Canada, Mexico, and other countries under emergency powers, striking down a key component of his trade and economic strategy. In a 6‑3 decision in Learning Resources, Inc.
President Donald Trump's so-called "reciprocal" tariffs were deemed unconstitutional by the Supreme Court, but some sector-specific tariffs will remain in place. The Supreme Court ruling covered IEEPA tariffs, used for national emergencies outside of the U.S., while Section 232 tariffs are levied on specific products that threaten national security.
The fog of the Trump administration's tariffs is unrelenting. The Supreme Court's rejection of them creates even more confusion and uncertainty.
Private-sector activity in the U.S. slowed in February as tariffs drove costs higher for firms, while Europe expanded at a stronger pace than anticipated due to a rebound in industry.
The US Supreme Court struck down the Trump administration's global tariffs. In a 6-3 ruling, the court said President Donald Trump exceeded his authority, with Chief Justice John Roberts writing for the majority.
Lawmakers in the EU, U.K. and Canada are reacting to the U.S. Supreme Court's ruling against President Donald Trump's far-reaching tariffs. Trade bodies welcomed the move, but warned of lingering uncertainty and "other options" at Trump's disposal.
CNBC's Eamon Javers joins 'Squawk on the Street' to discuss the U.S. Supreme Court's ruling on tariffs and its implications for businesses and the global economy.
Georgetown Law Professor Jennifer Hillman calls the Supreme Court ruling on President Donald Trump's tariffs a victory for the US Constitution. The court said that Trump exceeded his authority by invoking the International Emergency Economic Powers Act to justify his sweeping “reciprocal” duties targeting America's trading partners, as well as separate levies aimed at China, Canada and Mexico.
The Supreme Court rules against Trump, but his administration has been working on Plan B.
Companies will likely now scramble to recover what they paid, while the broader economic impact may be hard to gauge.
Senator Chuck Schumer, a Democrat from New York, calls the Supreme Court ruling on tariffs a victory for consumers' wallets. Annmarie Hordern reports.
The U.S. economy got sidetracked in February by tariff-related price increases, sluggish sales and the previous month's Winter Storm Fern, but top executives were also more optimistic that business will improve later in the year.
Thousands of businesses won a hard-fought victory when the U.S. Supreme Court ruled to overturn the White House's emergency tariffs. The process of getting refunds has only just begun.
The US Supreme Court struck down President Donald Trump's global tariffs, saying he exceeded his authority. Bloomberg's Nathan Dean and Mike McKee discuss how President Trump may respond to the decision on "Bloomberg Open Interest."
President Trump is the first to invoke the International Emergency Economic Powers Act of 1977 to set tariffs on imported goods from more than 100 countries.
All three major stock indexes were up Friday morning after the Supreme Court struck down President Donald Trump's sweeping tariff agenda, and despite the economy notching its slowest economic growth of the past three quarters.
The U.S. government could owe more than $175 billion in refunds to importers after the Supreme Court ruled in a 6-3 decision that tariffs unilaterally imposed by President Donald Trump are illegal, a new estimate says. The potential refunds to a broad range of companies would be for tariffs already collected by the government since Trump slapped on the duties without authorization from Congress under the International Emergency Economic Powers Act, or IEEPA.
The Supreme Court has struck down President Donald Trump's far-reaching global tariffs, handing him a significant loss on an issue crucial to his economic agenda.