The fate of Trump's tariff war depends on the "key decision" of the U.S. Supreme Court

Wallstreetcn
2025.06.01 01:56
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The U.S. Supreme Court's "major questions doctrine" threatens Trump's global tariff plan, ruling that his policy exceeds authority and lacks congressional authorization. Trump's tariffs are expected to involve a tax amount of $1.4 trillion over the next decade, becoming the largest trade war since the Great Depression. The Supreme Court needs to assess the economic impact of this policy, which may face a similar evaluation as when it struck down Biden's student loan forgiveness plan