The U.S. Supreme Court is expected to rule today on a major challenge to President Trump's tariff authority under emergency powers (IEEPA), in a case that could affect billions in duties and refunds.
Just days ago, Trump announced a new 25% tariff on any country doing business with Iran, escalating pressure amid regional tensions.
Tariff revenue hit a record $264 billion in 2025, but dropped nearly $3 billion month-over-month in December.
Trump credits his "Mister Tariff" strategy for U.S. economic strength and stock market highs, despite initial plunges and ongoing economist concerns about inflation and supply chain strain.
China reported a massive $1.2 trillion trade surplus for 2025, defying the impact of U.S. tariffs.
Global trade remains tense – reciprocal tariffs and threats continue to reshape supply chains.
Watch for the SCOTUS decision; it could be a game-changer. #TrumpTariffs #TradeNews #economy
