The Supreme Court is deciding one of the biggest issues on President Trump's policy agenda, his tariffs. The court is deciding whether President Trump had the authority to issue sweeping tariffs under an emergency law called AIPA, which stands for the International Emergency Economic Powers Act. Based on the oral arguments, the justice did seem skeptical that President Trump has the power to do this.And while we don't know what the ruling is going to be yet, it looks like it's going to be an uphill battle f ...

This is probably the biggest case of the term. And some people have said this is the biggest case in decades because it's going to determine the president's authority. So this is about the International Emergency Economic Powers Act or IPA for short.And no president has used this to impose tariffs. It doesn't mention tariffs or duties in the language. But President Trump is saying that he can exert emergency powers.So what the statute does say is that in unusual and extraordinary circumstances, a president ...

Tyler, give us a sense of the stakes as the arguments are delivered to a lot of people in a position where this is isn't a choice right now. Yeah. Hey, Joe.So we're just about a little over 2 hours into the oral arguments today. And it does appear that the justices may be casting doubt on the Trump administration's argument. There are two central questions at the center of today's hearing.One, does President Trump have the legal authority to impose tariffs under EPA, the International Emergency Economic Pow ...

The Supreme Court just kicking off arguments on the legality of President Trump's tariffs. Aean Javvers is outside the court and he has the latest for us. Good morning, Aman. >> Hey, good morning, David.It's going to be an enormously high stakes day here at the Supreme Court today. President Trump says he's not going to attend today's oral arguments after all, but Treasury Secretary Scott Bessant is expected to be seated in the front row. President Trump says he believes this will be one of the most importa ...

The Supreme Court just kicking off arguments on the legality of President Trump's tariffs. Aean Javvers is outside the court and he has the latest for us. Good morning, Aman. >> Hey, good morning, David.It's going to be an enormously high stakes day here at the Supreme Court today. President Trump says he's not going to attend today's oral arguments after all, but Treasury Secretary Scott Bessant is expected to be seated in the front row. President Trump says he believes this will be one of the most importa ...

The Supreme Court will hear two cases that may determine the legality of President Trump's signature secondterm tariff policy. The court's decision will determine if the president can unilaterally set tariffs without the approval of Congress. The high court took two cases on tariffs yesterday, one of which was filed by the administration after an appeals court ruled last month that Trump's tariff policy did exceed his presidential powers.The Constitution specifically states that the ability to set tariffs i ...

We're going to continue the conversation to a degree and turn to geopolitics. My next guest says neither countries nor companies should expect any clarity on tariffs following last week's ruling. But one thing the ruling does do is weaken the administration's ability to use tariffs as leverage in trade negotiations.And it comes at a time where Russia, India, and China are signaling solidarity to each other. For more, let's bring in Fred Kempy, CEO of the Atlantic Council and a CNBC contributor. Fred, thanks ...

We got a big tariff decision from the US Court of Appeals here in Washington DC. This was a 74 ruling that the bulk of President Trump's tariffs are not legally justified. President Trump has overstepped his legal authority to impose these tariffs.So, this goes back to the so-called reciprocal tariffs that Trump first announced in April. President Trump had used an emergency law from the 1970s that had never been used for tariffs before. and the court said that basically you can't do that.It's a big test fo ...

Just In: A US Appeals Court has ruled many of Trump's tariffs as illegalThe court effectively ruled that the International Emergency Economic Powers Act does not give Trump the power to levy these tariffsTrump is likely to appeal this ruling to the Supreme Court https://t.co/8HQd9qzLAv ...