US Supreme Court defers ruling on legal challenge to Trump’s global tariffs

The US Supreme Court deferred ruling on the legality of Trump’s use of emergency powers to impose global tariffs, leaving the issue unresolved. The case centers on whether Trump exceeded his authority under the International Emergency Economic Powers Act by imposing tariffs without clear congressional approval. A decision could impact over $130 billion in refunds and affect US trade relations, with the next possible ruling date after the court’s four-week recess on February 20.