The U.S. Supreme Court Friday will rule on tariffs issued by the Trump administration under the International Emergency Economic Powers Act, holding the fate of tariffs on China, Canada, the European Union, and other major economies in its hands. Lower courts have ruled against the president’s use of the IEEPA to enact his country-specific tariffs. But experts say if the Supreme Court were to side with the Trump administration, it could lend the president the power to tax with the same authority and broad swaths as he did with the tariffs in question.

Read more ......