Summary
The U.S. Supreme Court has invalidated President Trump's wide-ranging global tariffs, ruling that he was not authorized by law to impose them. This decision may lead to a refund of tariffs, benefiting small businesses and states that opposed the tariffs.
Key Facts
- The Supreme Court ruled 6-3 against the tariffs imposed by President Trump.
- The court said the law did not allow the president to impose these tariffs.
- The ruling could result in hundreds of billions of dollars in tariff refunds.
- Small businesses and states challenged the tariffs and won the case.
- The Trump administration claimed the tariffs were justified as a response to national emergencies.
