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The Supreme Court's decision to strike down many of President Donald Trump's tariffs is a massive blow to the president's agenda. But for cost-conscious consumers, the immediate impact could be further economic uncertainty, with few price cuts in store.
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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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The justices struck down a central piece of President Trump's agenda. What does that mean?
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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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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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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 Trump was the first to invoke the International Emergency Economic Powers Act of 1977 to set tariffs on imported goods from more than 100 countries.
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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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