Trump’s Tariff Power Hangs in the Balance

The U.S. Supreme Court will hear arguments this week on President Trump’s use of broad tariff authority, a case that could reshape trade policy and potentially involve trillions of dollars. If the court rules that the tariffs were imposed illegally, businesses could seek refunds on years of payments; however, the government says that the scale of refund could pose serious economic challenges. A ruling against the administration could also weaken trade leverage and prompt the renegotiation of existing deals. But if Trump prevails, his authority to use tariffs as a tool in trade and foreign policy would be further strengthened.