March 06, 2026
The Supreme Court dealt a blow to Donald Trump’s tariff strategy, ruling 6–3 that the president can’t use emergency powers under IEEPA to impose sweeping tariffs. Even two Trump-appointed justices joined the majority.
But the tariffs didn’t stop. Within hours, the administration invoked the 1974 Trade Act to impose new ones—and Trump doubled down in his State of the Union. So what actually changed? And what does the fight over presidential power mean for US businesses, consumers, and the economy heading into the midterms?
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Women prepare a makeshift memorial in tribute to Iran's late Supreme Leader Ayatollah Ali Khamenei on a street, after he was killed in Israeli and U.S. strikes on Saturday, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 4, 2026.
Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
Over the weekend, the United States and Israel pulled off one of the most operationally impressive military campaigns in recent memory.
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