Supreme Court strikes down most of Trump's tariffs in a major blow to the president

The Supreme Court has struck down most of the tariffs imposed by former President Donald Trump in a significant ruling that challenges the executive branch's authority. The decision was made in a 6-3 vote, with Chief Justice John Roberts stating that the Constitution clearly grants taxing power to Congress, not the executive branch (Housing Wire). This ruling is seen as a major test of executive power and has been described as a substantial blow to Trump's economic agenda, which relied heavily on these tariffs (NBC News, Reason Magazine). In light of the Supreme Court's decision, businesses that paid tariffs deemed illegally collected are now eligible to seek refunds. Economists estimate that these refunds could exceed $175 billion (Ars Technica). However, the process for obtaining these refunds may be complicated, as indicated in the primary source discussing the implications of the court's ruling. The ruling not only affects the financial landscape for businesses impacted by the tariffs but also sets a precedent regarding the limits of executive power in imposing such tariffs (Fox News, NPR, Politico). Former President Trump expressed his disappointment and shame regarding the court's majority ruling, calling it "deeply disappointing" and indicating that he would consider "other alternatives" in response to the ruling (Deadline). The decision has sparked widespread reactions and discussions about the implications for future executive actions related to tariffs and taxation.