Supreme Court agrees to consider if most of Trump's tariffs are legal

Legal & Policy Landscape - The Supreme Court will hear cases regarding the legality of President Trump's tariff policy, specifically whether the president can unilaterally set tariffs without Congressional approval [1] - The core legal question revolves around the interpretation of the International Emergency Economic Powers Act (IEEPA) and whether it grants the president the power to impose global tariffs without a defined end date [2][3][4] - Legal experts suggest the Supreme Court might rule against President Trump, despite past tendencies to favor his cases, due to lower court rulings against the administration on these issues [5][6] - The case raises separation of powers concerns, questioning the extent of presidential power versus Congressional authority, particularly regarding tariff setting [7] Financial & Economic Implications - The Supreme Court will also consider President Trump's ability to withhold $4 billion in foreign aid spending previously approved by Congress [8] - This case also touches upon the "power of the purse," explicitly granted to Congress by the Constitution, and the extent to which the executive branch can control allocated funds [10] - The court's decision may differentiate between Congress directing the executive branch to spend money versus dictating how the money should be spent [11][12]