US Supreme Court to Rule on Trump Tariffs Friday: Major Setback Looming for President?

World
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CNBC TV18•07-01-2026, 15:23
US Supreme Court to Rule on Trump Tariffs Friday: Major Setback Looming for President?
- •US Supreme Court set Friday as opinion day, potentially ruling on President Trump's international tariffs.
- •A decision against Trump's tariffs would be a significant legal setback and undermine his signature economic strategy.
- •The disputed tariffs, imposed on Canada, Mexico, and China, target fentanyl trafficking and levy 10-50% on imports.
- •Court's skepticism was evident during arguments regarding Trump's authority under a 1977 law.
- •The court may also rule on a redistricting lawsuit impacting midterm elections and the Voting Rights Act.
Why It Matters: US Supreme Court's Friday opinions could deliver a major blow to Trump's tariff policy.
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