Overview
- President Trump credited record stock highs to his tariff program and called on the Supreme Court to validate his authority in a Truth Social post.
- Lower courts ruled that the International Emergency Economic Powers Act does not grant unlimited tariff authority and issued a permanent injunction.
- The administration’s broad tariff regime, including baseline duties and higher reciprocal rates, remains in effect during the appeal.
- U.S. markets hit fresh records with energy and financial shares leading gains following U.S. action involving Venezuela.
- The White House amplified the message with AI‑generated imagery celebrating “Mr. Tariff,” drawing online criticism and renewed debate over economic impacts.