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President Donald Trump has raised temporary tariffs from 10&#37 to 15&#37 on U.S. imports after the Supreme Court struck down his earlier trade program. The new move relies on Section 122, a rarely used statute that allows tariffs up to 15&#37 for 150 days without prior congressional approval.    

Updated 1 day ago

In a major 6–3 decision, the Supreme Court ruled that President Donald Trump exceeded his authority by using a 1977 emergency law to impose sweeping global tariffs. The ruling invalidates key “reciprocal” tariffs and certain 25 percent duties on imports from China, Canada and Mexico — potentially mandating the return of more than $100 billion in collected revenue.

Updated 1 day ago

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