US Supreme Court to Rule on Trump's Tariffs Today: What's the Impact?

• The US Supreme Court is expected to rule today on reciprocal tariffs imposed by former President Donald Trump, a decision previously postponed from January 9.
• Trump announced these tariffs in April, put them on a 90-day hold, and they finally came into effect on August 7.
• Three US courts have already ruled against Trump's tariffs, stating he exceeded his authority under the International Emergency Economic Powers Act (IEEPA).
• The Supreme Court's decision will determine if the President can use emergency powers for economic matters and could significantly impact US government policy.
• The US has imposed a 50% tariff on India, with 25% as a penalty for buying Russian oil; a ruling against Trump would be a major setback.

Why It Matters: Supreme Court's ruling on Trump's tariffs will define presidential power and impact US trade policy.