Trump posts late night social media rants over nationwide GOP election losses

Legal & Political Landscape - The Supreme Court is hearing arguments on President Trump's use of emergency powers to enact tariffs, testing the limits of executive authority [1] - The core issue is whether a trade deficit constitutes a national emergency, justifying the president's unilateral imposition of tariffs [1] - Small businesses argue the tariffs are a national emergency for them, leading to a separation of powers issue [1] - Some members of Congress have expressed discomfort with the White House's unilateral trade policies [1] - The court's decision, potentially arriving in late June or early July, could significantly impact the president's economic agenda [5] Economic Implications - The case has major implications for America's economic policy, particularly regarding trade relations and consumer costs [1][3] - Other countries must abide by trade levels set by the US, impacting their relations [2] - Consumers are affected by the tariffs, influencing the origin and price of goods [3] - Existing tariffs, such as 10% or 15%, are under scrutiny [2]