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Trade Warsin Financial Markets
5 hours ago

Trade tensions rise as Trump and Xi prepare to discuss mineral disputes, while experts downplay tariff impacts on US-EU talks, but steel tariff hikes threaten Trump's pledge to cut grocery costs.

Trump’s tariffs are headed for a constitutional showdown at the Supreme Court that could reshape presidential power for decades

FortuneSaturday, May 31, 2025 at 6:08:00 AM
Trump’s tariffs are headed for a constitutional showdown at the Supreme Court that could reshape presidential power for decades
The Supreme Court is gearing up for a major legal battle over Trump-era tariffs—but this isn’t just about trade policy. A lower court already struck down some of these tariffs, calling them an overreach of presidential power. Now, the case could redefine how much authority future presidents have to impose economic penalties without Congress’s approval. Think of it as a high-stakes tug-of-war between the branches of government, with long-term consequences.
Editor’s Note: This isn’t just about tariffs—it’s about who gets to call the shots on big economic decisions. If the Supreme Court sides with Trump, it could give presidents way more leeway to act unilaterally on trade (or other issues). If they don’t, it might rein in executive power for years to come. Either way, the ruling could shape how future administrations handle everything from sanctions to climate policy. Worth watching, even if you’re not a trade wonk.
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