As is known, US President Donald Trump’s extensive global tariffs were overturned by the US Supreme Court with a 6-3 vote. The decision is considered a significant blow to Trump’s economic agenda, and the president described the decision as “shameful.”
White House spokeswoman Karoline Leavitt announced that President Trump will hold a press conference today at 8:45 PM Turkish time (12:45 PM ET) regarding the Supreme Court’s tariff decision.
The Supreme Court majority ruled that Trump exceeded his authority by imposing tariffs under a law reserved for national emergencies. The decision stated that such tariffs, which are taxes on imports, require congressional approval.
The court ruling covers the broad tariffs that Trump calls “Liberation Day.” However, individual tariffs imposed on specific countries or product groups are excluded from this decision.
Trump has long argued that tariffs strengthen American manufacturing. However, many business representatives and political opponents argue that the increased costs are ultimately passed on to consumers.
*This is not investment advice.
