Supreme Court Challenges Trump’s Tariff Authority

The Supreme Court is now grappling with a case challenging the legality of tariffs imposed by former President Donald Trump in 2025. Small businesses and several states are leading this legal challenge, arguing that these tariffs violate the International Emergency Economic Powers Act (IEEPA). This decision could have significant implications for U.S. economic policy and individual business costs, potentially impacting global trade relations and contributing to macroeconomic volatility.