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Podcast: Bloomberg Daybreak: Europe Edition
Episode: Instant Reaction: Trump’s Global Tariffs Struck Down
Description: The Supreme Court has struck down Donald Trump’s sweeping global tariffs. Breaking news analysis from Bloomberg: In a 6 to 3 ruling, the Court struck down President Donald Trump’s sweeping global tariff program, dismantling his signature economic policy and delivering his most significant legal setback since returning to the White House. The justices ruled that the President exceeded his authority by invoking a federal emergency powers law to impose so-called reciprocal tariffs worldwide, along with targeted import taxes the administration said were necessary to combat fentanyl trafficking. However, the Court did not ad...