Huge news today: the Supreme Court ruled 6-3 that the admin can't use "emergency powers" (IEEPA) to just slap tariffs on everyone.
This is a massive hit to the "America First" trade plan. But don’t think they’re gone for good—the admin is already looking for other legal loopholes to keep them in place.
The real question is: who gets a refund on that $134 billion already collected? 💸 This is going to be a legal mess for months.
Watch the markets closely—volatility is definitely back on the menu.
#Tariffs #SCOTUS #MacroNews #trading
