US Supreme Court Delays Decision on Legality of Trump's Global Tariffs

The US Supreme Court deferred its ruling on the legality of President Donald Trump's global tariffs imposed under the 1977 International Emergency Economic Powers Act (IEEPA), leaving the issue unresolved. The case tests presidential authority to impose tariffs without congressional approval and has significant implications for US trade policy and the global economy. Trump warned that overturning the tariffs would cause financial chaos, while traders largely expect the court to rule against him. The decision's timing remains uncertain, with markets and trading partners awaiting clarity.