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The Latest Breaking News from the Supreme Court

Supreme Court May Sink Trump's Tariffs—But Don't Expect Them To Disappear

The U.S. Supreme Court is inching toward a pivotal decision that could dismantle President Donald Trump‘s emergency tariff powers—but economists warn that even a legal defeat may not roll back the trade barriers Americans now face.

Benzinga

The Latest: Dozens of airports will see flight cuts due to the government shutdown

According to a list distributed to the airlines and obtained by The Associated Press, airports in New York, Los Angeles and Chicago along with hubs across the U.S. are among the 40 that will see flights cut starting Friday due to the government shutdown

The Independent UK

Two ways countries could respond to the Supreme Court ruling on Trump's tariffs

Trump has extracted billions of dollars in foreign investment pledges.

Axios

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Supreme Court soon to hear a religious freedom case that’s united both sides of the church-state divide

In recent years, litigation on certain types of religious freedom lawsuits have been practically run of the mill: prayer on school premises, for example, and government funding for students at faith-based schools.

The Conversation

Supreme Court ruling may push President Trump to new tariff strategy

Donald Trump warns the US could be left 'defenceless' if the Supreme Court overturns his global tariffs — but he still has multiple legal tools to keep taxing imports.

Euronews

‘I did this for the world’: Delusional Donald Trump claims his insane tariffs saved the ‘entire world’ from a depression

Amid the Supreme Court hearing, Donald Trump claimed that his tariffs saved the entire world from a depression. It’s the new peak of his economics-by-ego, because neither the data nor basic trade math backs him up.

The Mary Sue

Trump Will Use Supreme Court's Tariff Ruling As 'Scapegoat' For Recession, Says Economist Peter Schiff: Court Is Doing Him 'A Favor'

With President Donald Trump’s trade and tariff policies facing scrutiny at the Supreme Court, economist Peter Schiff has said that the apex court could be doing Trump a favor by striking them down.

Benzinga

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‘America’s big case’: the US Supreme Court raises doubts about Trump’s tariff regime

The US Supreme Court has heard arguments overnight on the legality of President Donald Trump’s “liberation day” tariffs on most countries around the world.

The Conversation

How a skeptical Supreme Court could complicate Trump's tariff agenda

While trade lawyers and legal experts expect the Supreme Court to complicate Trump's economic agenda, they might not totally undermine it.

Axios

Trump's Attorney Concedes: His Legal Theory Would Let a President Tax Foreign Cars To Combat Climate Change

Justice Neil Gorsuch got Solicitor General D. John Sauer to admit one "likely" outcome, if the Supreme Court upholds Trump's tariffs.

Reason

Lutnick, Bessent – and John Mulaney? The surprising mix of dignitaries monitoring Trump’s ‘life or death’ tariffs case

In one of the largest cases for Trump in his second term, justices will decide if his signature economic policy is legally sound

The Independent UK

Tariffs at the Supreme Court: Trump Wants To Retcon the Law

The administration's argument in the tariffs case hinges on the idea that Congress did not mean to use the words it put in a 1977 law.

Reason

Stocks Rebound on Economic Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up +0.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.41%. December E-mini S&P futures (ESZ25 ) are up +0.39%, and December E-mini Nasdaq futures...

Barchart

California Republicans challenge map allowed under Prop 50 - Roll Call

The California Republican Party filed a federal lawsuit Wednesday challenging a new state congressional map.

Roll Call

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Barchart

Stock Indices Recover Following Sharp Sell-Off on Tuesday

The S&P 500 Index ($SPX ) (SPY ) today is up +0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.58%. Some weaker-than-expected earnings are weighing on technology stocks. Super Micro Computer is down more...

Roll Call

Supreme Court sounds skeptical of broad Trump tariff powers - Roll Call

The Supreme Court appeared skeptical during oral arguments Wednesday of President Donald Trump’s worldwide tariff regime.

The Independent UK

What to know about the Supreme Court arguments over Trump's tariffs

Three lower courts have ruled illegal President Donald Trump’s use of emergency powers to impose sweeping worldwide tariffs

Reason

The Shortest SCOTUS Oral Argument In The Modern Era?

Coney Island Auto Parts, Inc. v. Burton was over in 37 minutes.

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Axios

Trump's closing argument: Tariff case is "life or death" for the U.S.

The Supreme Court will tomorrow hear oral arguments challenging the legality of a key part of his economic agenda.

The Conversation

Dick Cheney’s expansive vision of presidential power lives on in Trump’s agenda

Former Vice President Dick Cheney will be remembered for many things. He was arguably the most powerful vice president in American history. He was a paragon of conservatism. He was the architect of many of the more extreme measures in President George W. Bush’s “war on terror.”

Barchart

Stocks Finish Sharply Lower on Concerns About Lofty Valuations

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -1.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.07%. December E-mini S&P futures (ESZ25 ) fell -1.17%, and December E-mini Nasdaq futures...

Fortune

Trump’s former trade architect says the president can’t backtrack on tariffs because he’s ‘too committed’ now: ‘That would be a pretty horrific decision’

The Supreme Court will begin hearing arguments Wednesday over whether President Donald Trump overstepped by using emergency powers to impose tariffs on more than 100 countries.

Reason

As Tariff Case Heads to the Supreme Court, Trump's Strongest Argument Has a Fatal Flaw

The International Emergency Economic Powers Act doesn't grant the president the power to regulate imports with tariffs. Even if it did, these tariffs would still be unconstitutional.

The Independent UK

Even if the Supreme Court rejects Trump’s tariffs, his staff is working on backup plans to keep charging for imports

Several small businesses have sued the president for his sweeping tariffs, claiming they negatively impact business and defy Congress’s authority

Fortune

Trump’s tariff revenue is soaring off a ‘significant increase,’ budget watchdog says—but the $38 trillion national debt still looms

Despite this surge in tariff revenue, the deficit still totaled $1.8 trillion, or roughly 6% of GDP. And if the Supreme Court strikes the tariffs down …

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