President Donald Trump is dealing with a major legal defeat Friday after the Supreme Court struck down many of the tariffs he imposed last year on nearly every country on earth

Trump's administration has not provided tariffs collection data since December 14. But Penn-Wharton Budget Model economists estimated on Friday that the amount collected in Trump'

Plus we ask Diane Swonk, KMPG's Chief US Economist what this all means for the US economy? See more episodes Programme website Copyright 2026 BBC. All rights reserved. The BBC is not responsible for the content of external sites.

The possibility of a $2,000 tariff rebate check is in jeopardy after the Supreme Court struck down President Donald Trump’s tariffs on Feb. 20.

The nation's highest court struck down some of U.S. President Donald Trump's most sweeping tariffs on Friday, in a 6-3 decision ruling that he overstepped his authority when using an emergency powers law to justify new taxes on goods from nearly every country in the world.

The six Supreme Court justices who ruled against President Trump's sweeping tariffs listed different reasons for their decisions. CBS News' Jan Crawford breaks down the monumental ruling.

In a 6-3 ruling, the justices focused on the tariffs Trump imposed unilaterally under an emergency powers statute, including the broad "reciprocal" tariffs applied to nearly every country.

The Supreme Court struck down President Donald Trump’s far-reaching global tariffs on Friday, handing him a significant loss on an issue crucial to his economic agenda. The 6-3 decision centers on the tariffs Trump unilaterally imposed under an emergency powers law,