The Latest Breaking News from Donald Trump

What explains the fracture in the Supreme Court's "conservative bloc"?

"A messy public dispute on tariffs absolutely would have caused political problems," a House Republican told Axios.

Awkward would be an understatement.

Market participants had plenty of news to sift through on Friday, including updates on inflation and economic growth and a key court ruling.

In a major setback to President Donald Trump’s trade policy, the US Supreme Court, in a 6-3 ruling, struck down sweeping global tariffs imposed under emergency powers, holding that the president exceeded his legal authority by bypassing Congress.

There’s just one small problem with the story.

Trump replaced struck-down tariffs with a 10% global tariff. Here's what decades of research shows about how tariffs affect prices you pay.

The global break from President Trump's tariffs will only be temporary.

ANALYSIS: Judges Trump nominated to the Supreme Court, Republicans he has supported and Americans who voted for him to lower costs simply don’t like the idea of paying more for their products, Eric Garcia writes

Major importers may turn to a trade court to reclaim tariff payments.

The dollar index (DXY00 ) fell from a 4-week high on Friday and finished down by -0.13%. Weaker-than-expected US economic news knocked the dollar lower on Friday. US Q4 GDP, the Feb S&P manufacturing PMI, and the University of Michigan US Feb consumer sentiment index all were weaker than expected...