The U.S. Supreme Court is inching toward a pivotal decision that could dismantle President Donald Trump‘s emergency tariff powers—but economists warn that even a legal defeat may not roll back the trade barriers Americans now face.
In oral arguments held Wednesday, a majority of justices appeared skeptical that Trump's use of the International Emergency Economic Powers Act (IEEPA)—a 1977 law meant to address national security threats—gave him the authority to impose sweeping tariffs on U.S. trading partners.
