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The exemption was shut down last year by President Trump based, in part, on the same legal grounds as the tariffs that were invalidated by the Supreme Court.
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The Supreme Court on Friday struck down President Trump's tariffs. But the justices left a $133 billion question unanswered: What's going to happen to the money the government has already collected?
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Trump slams justices after Supreme Court strikes down most of his tariffs The Washington PostA defiant Trump vows new tariffs while fuming at Supreme Court CNN‘Murky Waters' for Global Businesses After Trump's Tariff Loss The New York TimesTrump's New Trade Agenda Is on a Collision Course With Midterms The Wall Street JournalTrump news at a glance: president lobs insults at US supreme court for striking down his global tariffs
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The nation's highest court struck down some of U.S. President Donald Trump's most sweeping tariffs on Friday, in a 6-3 decision that he overstepped his authority when using an emergency powers law to justify new taxes on goods from nearly every country in the world.
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The justices struck down a central piece of President Trump's agenda. What does that mean?
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U.S. economic growth slowed sharply at end of 2025, dragging down the year The Washington PostFourth-quarter U.S. GDP up just 1.4%, badly missing estimate; inflation firms at 3% CNBCU.S. Economy Grew More Slowly at End of 2025 The New York TimesGDP (Advance Estimate), 4th Quarter and Year 2025 Bureau of Economic Analysis (BEA) (.gov)Trump's economy dec
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Trump attacks Supreme Court justices after he is handed a major tariff loss PoliticoKavanaugh rips Supreme Court majority's ‘illogical' line on tariffs Fox NewsTrump Presses on With Tariffs, Posing Challenge for Republicans The New York TimesStock market today: Dow, S&P 500, Nasdaq jump to post weekly g
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Here's what corporate leaders need to know about the billions of dollars on the line following the Supreme Court's ruling against President Trump.
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Trump Administration Live Updates: President Acknowledges That He Is Weighing Limited Strike on Iran The New York TimesUS and Iran slide towards conflict as military buildup eclipses talks ReutersU.S. Gathers the Most Air Power in the Mideast Since the 2003 Iraq Invasion The Wall Street JournalCarrier USS Gerald R. Ford Sailing in the Atlantic, Headed for Strait of Gibraltar USNI NewsTrump says he is considering limited military strike on Iran
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Target, Nike and Hasbro stand to be big beneficiaries as the SCOTUS ruling could lower costs, analysts say, but stocks of retail giants like Walmart and Costco fell.
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Stock Market Today: Nasdaq Charges Higher As Trump Announces Global Tariff; Nvidia Rises (Live Coverage) Investor's Business DailyStock Market Today: Dow, S&P 500 and Nasdaq climb; Trump announces new 10% global tariff after Supreme Court strikes down emergency tariffs; Treasury yields rise, dollar retreats MarketWatchThe Friday trade returns. US stocks make a recovery investingLive
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Trump Tariffs Live Updates: After Supreme Court Ruling, Trump Plans a Tariff Workaround The New York TimesTrump tariffs live updates: Trump eyes rollback of metals duties as tariffs face House rebuke Yahoo Finance UKWhat the Supreme Court's tariff ruling means for the prices you're paying CNNSupreme Court Tariff Ruling: IEEPA Revenue and Potential Refunds Penn Wharton Budget Model"Patience was running thin": S
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The administration has been preparing for months for the possibility that the court would rule against the president and developed contingency plans.
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President Donald Trump's "reciprocal" tariffs were deemed unconstitutional by the Supreme Court, but some sector-specific tariffs remain in place.
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The Supreme Court's ruling against many of President Trump's tariffs cheered executives who set to work seeking refunds on their duties.
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The Supreme Court's decision to invalidate many of President Trump's tariffs raised questions about what would become of agreements struck with major U.S. trading partners.
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Trump could levy import taxes through four other trade rules.
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Owners spent nearly $1.5 billion last year on racehorses, a big increase over 2024. A new tax provision allows them to immediately deduct the full cost of the purchase.
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