5 Things to Know About How Supreme Court Ruling Could Shake Up Trump’s Tariffs

Analysis
WASHINGTON—The Supreme Court released its long-anticipated decision on Feb. 20 over whether President Donald Trump’s tariffs exceeded the boundaries of congressional authority.
The Supreme Court’s ruling invalidates tariffs imposed using the 1977 International Emergency Economic Powers Act.
Specifically, this impacts the universal 10 percent tariff on nearly all U.S. trading partners and the higher country-by-country “reciprocal” import duties. The 25 percent fentanyl-related tariffs on Canada, Mexico, and China will also be affected.
The high court’s ruling does not overturn various sectoral tariffs, including those on aluminum, copper, and steel.
The pivotal decision is expected to shake up the U.S. foreign and economic policies….