US Supreme Court Strikes Down Trump Tariffs; Refund Battle and Delays Ensue

The US Supreme Court ruled 6-3 that President Trump's broad tariff policy exceeded his authority, striking down global duties imposed under emergency powers. The ruling raises questions about refunding approximately $130 billion collected in tariffs, with the Trump administration seeking a delay of up to four months before litigation on refunds resumes. Trump criticized the decision, calling it a 'highly disappointing' ruling that could lead to an 'undeserved windfall' for foreign companies. Meanwhile, Senate Democrats demand immediate automatic refunds to affected businesses and consumers, opposing the administration's cautious approach.