Trump promised a flurry of new measures but he faces legal limitations.

Following a Supreme Court decision striking down his tariffs, President Trump announced new global tariffs under a never-used before provision in a 1974 trade law. Hamline law professor David Schultz weighed in on the developments.

While the SCOTUS Ruling on Tariffs could trigger up to $175 billion in refunds, the consensus is that most retailers will not see these refunds anytime soon.

Trump tariff $2,000 dividend impact after Supreme Court ruling: The Supreme Court has ruled against President Donald Trump's tariffs. This decision impacts his promise to send $2,000 checks to Americans.

In a 6-3 decision by Chief Justice John Roberts, the court upheld a lower court ruling that Trump exceeded his authority by invoking the International Emergency Economic Powers Act (IEEPA) to levy broad import taxes.

Trump's new 10% global tariff will make everyday prices, from groceries to cars, more expensive. Here's why it will impact your bank account. (AP Photo)

The tariffs began taking effect at midnight on Tuesday, shortly after collections under the International Emergency Economic Powers Act were halted following the Supreme Court ruling.

Trump's new executive order complicates matters for India, which faces an 18% reciprocal tariff under a recent trade deal. This could effectively lead to a combined tariff rate of 28% on certain goods.

After the Supreme Court struck down Trump’s Liberation Day tariffs, the administration is exploring Sections 122, 232, 301 and 338 to sustain its trade strategy.

John Fetterman explained he sees obvious negatives to Trump's tariffs after Fox's Aishah Hasnie noted he said the economic strategy turned out "pretty well."