Trump’s emergency tariff powers struck down by Supreme Court, companies seek refunds

The Supreme Court ruled 6-3 that President Trump's use of emergency powers to impose global tariffs was unconstitutional, impacting his economic agenda and prompting questions about the $133 billion already collected in tariffs. The decision, stemming from lawsuits by small businesses affected by high import tariffs, has been praised by figures like Michigan Gov. Gretchen Whitmer and positively influenced the stock market. The ruling challenges Trump’s strategy and highlights potential limitations on presidential power, raising the possibility of the Treasury issuing substantial refunds to American companies.