Vice President JD Vance attends President Donald Trump’s State of the Union address, Tuesday, Feb. 24, 2026, on the House floor at the U.S. Capitol. (Official White House photo by Emily J. Higgins)
Tariffs are taxes on imports that are typically paid upfront by U.S. importers who can then push the added expense down the supply chain to retailers and consumers or absorb the cost. In some cases, tariffs can translate into higher prices for consumers.
The ruling, handed down less than a week ago, represented a major setback for Trump’s trade strategy.
The Supreme Court ruled 6-3 that the law cited to justify the import duties "does not authorize the President to impose tariffs." Chief Justice John Roberts delivered the opinion of the court, while Justices Clarence Thomas, Samuel Alito and Brett Kavanaugh dissented.
Amanda covers the intersection of business and politics for Fox News Digital.
https://www.foxnews.com/politics/trump-trims-some-tariffs-after-supreme-court-loss-keeps-trade-fight-alive