Supreme Court Examines Trump’s Tariff Powers, Impact on Markets Uncertain

The U.S. Supreme Court is scrutinizing former President Trump’s use of tariffs as part of a legal challenge over their legality. This landmark case involves questions about the separation of powers, with several justices, including those appointed by Trump, questioning the President’s authority to implement or alter trade policies without congressional consent. 50 years after its implementation, the court is grappling with whether these actions fall under Congress’s taxing and trade policy purview.