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Supreme Court weighs Trump administration's tariff authority under emergency powers law

The Supreme Court on Wednesday will hear arguments in the case challenging the legality of the Trump administration's tariff regime imposed under a law related to economic emergencies, with tens of billions of dollars in tariff revenues hanging in the balance.Justices will hear arguments in a consolidated tariff case, known as Learning Resources v. Trump and Trump v. V.O.S. Selections, Inc., which was brought by small businesses who challenged the constitutionality of tariffs imposed by the administration under the International Emergency Economic Powers Act (IEEPA).While the Trump administrat

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