Supreme Court Decision Set to Shake Up Trump’s Tariffs and Trade Strategy

Analysis WASHINGTON—The Supreme Court released its long-anticipated decision on Feb. 20 over whether President Donald Trump’s tariffs exceeded the boundaries of congressional authority. The Supreme Court finalized its decision on the legality of the president’s tariff actions after justices heard a case on Nov. 5 regarding whether Trump had violated the International Emergency Economic Powers Act. The pivotal decision is expected to shake up the U.S. foreign and economic policies. Although Treasury Secretary Scott Bessent had said earlier that the administration could work around a negative ruling, he said the potential fix wouldn’t be as efficient. In November, Trump warned that the United States “could be reduced to almost Third World status” if his tariffs were shot down....