Overview
- The court plans to release opinions at 10 a.m. ET, without preannouncing which cases will be decided.
- Businesses and 12 states challenged the tariffs, and lower courts concluded the president exceeded his authority.
- During November arguments, conservative and liberal justices questioned the legality of using emergency powers to levy sweeping duties.
- The administration relied on the 1977 International Emergency Economic Powers Act to impose “reciprocal” tariffs and cited drug trafficking to target China, Canada and Mexico.
- Ahead of the ruling, President Trump warned on Truth Social that striking down the tariffs could trigger massive repayments, declaring, “WE’RE SCREWED.”