The Supreme Court ruled Friday that President Trump overstepped his authority in ordering tariffs on nearly everything the U.S. imports. Here's some economic context to understand that decision.

US President Donald Trump has introduced a new 10% global tariff rate after the Supreme Court ruled that the majority of tariffs he introduced in 2025 were illegal.

Consumers could see some relief at the checkout counter in coming months because of the high court ruling on tariffs.

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.

US President Trump recently floated a “tariff dividend,” a one-time payment of at least $2,000 to most Americans, to be paid out of the customs duties the government now collects under his tariff program. The idea is simple and catchy: take the money ...

From 50% duties to a temporary 10% levy, US tariff rules on Indian goods have shifted, lowering costs for now while leaving sectoral duties and trade deal negotiations largely unchanged

Ahead of a federal court ruling on Donald Trump’s trade tariffs, Treasury Secretary Scott Bessent warned that a legal defeat risked creating a “dangerous diplomatic embarrassment.” Not surprisingly, this did not prove persuasive. NBC News reported: A ...

After unleashing market chaos on April 2, when the president unveiled a laundry list of heavy tariffs for countries around the world, they were paused for 90 days after the stock market dramatically tumbled. That 90-day pause was supposed to end earlier this month but has been extended again through Friday, Aug. 1, a date the administration says will stick this time.