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The Supreme Court dealt a major blow to President Trump’s economic policy on Friday, ruling that he had exceeded his authority when he imposed tariffs on nearly every U.S. trading partner.
The 6-3 decision, written by Chief Justice John G. Roberts Jr., has significant implications for the economy and consumers. The federal government has collected more than $200 billion in tariffs since the start of last year. Before the decision, the administration had said that a loss in the case could force the government to unwind trade deals with other countries and potentially pay tens of billions of dollars in refunds.
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