Here's the latest
• Doubling down on tariffs: President Donald Trump announced he will impose a 10% global tariff on top of the levies already in place after the Supreme Court ruled that his sweeping emergency tariffs are illegal.
• Sharp criticism of justices: Trump called those who ruled against his tariffs a “disgrace to our nation.” Justices Amy Coney Barrett and Neil Gorsuch joined with Chief Justice John Roberts and the three liberal justices in the 6-3 ruling.
• What happens next: Trump’s new levies can take effect for a maximum of 150 days, barring congressional approval for an extension. Meanwhile, the president signaled a protracted legal battle over whether his administration now has to pay companies billions of dollars in tariff refunds.
• Iran negotiations: Meanwhile, Trump says he is considering a limited military strike to pressure Tehran into a nuclear deal. The president said yesterday he was giving Iran 10 to 15 days before deciding on potential military action.
"It's our money. They took it unlawfully. They have to return it"
The CEO of educational toy company Learning Resources, a plaintiff in today’s decision, said he expects the government to return the money his company paid in tariffs.
Rick Woldenberg told CNN’s Paula Newton he felt vindicated by the Supreme Court decision and did not buy the argument that it would be too onerous for the government to refund the tariffs, comparing it to the process for federal tax refunds.
“They know exactly what they took from us, when and why and how much and they can just reverse the gears and send it back to us,” Woldenberg said. “It’s our money. They took it unlawfully. They have to return it. And I’m not crying for them that they find it inconvenient.”
Woldenberg said his business spent more than $10 million on IEEPA tariffs in 2025 and the decision to sue was not political, but about protecting the people who depend on the family business for their livelihoods
Breaking down Trump's rare loss in the conservative high court
If you’re just catching up on today’s news, CNN’s chief legal affairs correspondent Paula Reid broke down the Supreme Court’s ruling that President Donald Trump’s emergency tariffs are illegal:
The Supreme Court has ruled President Trump violated federal law by imposing global tariffs without congressional approval, marking a significant defeat for the White House on a core foreign policy and economic issue. CNN’s Paula Reid reports.
Massive tariff refunds are now on the table for businesses. Don't expect them any time soon
As it turns out, convincing six Supreme Court justices that President Donald Trump overstepped his authority in imposing sweeping tariffs relying on emergency economic powers was the easy part.
The hard part: Getting a clear answer on what happens to the tens of billions of dollars that US companies forked over after Trump jacked up tariffs on every global partner last year.
The Trump administration — both formally and informally — has promised to refund duties collected if the Supreme Court issued a ruling against them. But neither the administration nor any of the justices have specified exactly how it would work.
President Donald Trump questioned today why the justices didn’t state whether the tariff revenue needs to be returned. “I guess it has to get litigated for the next two years,” he told reporters. He then said it could be “the next five years.”
Ahead of today’s verdict, thousands of businesses, including Costco, sued the US government in an effort to fast-track the refund process. But it’s unclear whether that will happen. Ultimately, businesses seeking refunds will have to look to lower courts, namely the Court of International Trade, for input on the issue.
Here’s more on what we know about tariff refunds.
Why Trump takes today's high court ruling personally
The Supreme Court struck down President Donald Trump’s most sweeping tariffs, ruling that it was unlawful for the president to unilaterally impose them the way he did.
CNN’s Dana Bash explains why, for Trump, this is personal:
The Supreme Court struck down President Donald Trump's most sweeping tariffs, ruling that it was unlawful for the president to unilaterally impose them the way he did. CNN's Dana Bash explains why, for Trump, this is personal.
Vance says Supreme Court tariff ruling is "lawlessness from the Court"
Vice President JD Vance blasted what he called “lawlessness from the Court” in a post on X responding to the Supreme Court striking down President Donald Trump’s sweeping tariffs.
“Today, the Supreme Court decided that Congress, despite giving the president the ability to ‘regulate imports’, didn’t actually mean it,” Vance wrote Friday afternoon.
“This is lawlessness from the Court, plain and simple. And its only effect will be to make it harder for the president to protect American industries and supply chain resiliency.”
Trump argued at a press briefing earlier Friday that the US could “take in more money” through other measures as he announced a 10% global tariff.
Vance also touted other measures available to the president. “President Trump has a wide range of other tariff powers and he will use them to defend American workers and advance this administration’s trade priorities,” he wrote.
Supreme Court tariff ruling could blow big hole in federal deficit
The Trump administration was counting on tariff revenue to offset a hefty portion of the massive tax cuts from the One Big Beautiful Bill Act, which the president signed into law last summer.
The sweeping emergency tariffs, which the Supreme Court just ruled are illegal, were projected to bring in just under $1.4 trillion in revenue over a decade, according to the Tax Foundation, a right-leaning think tank.
President Donald Trump quickly announced that he would enact a 10% global tariff under a different trade law. But those levies would raise only about $800 billion in revenue over a decade, Alex Durante, senior economist at the foundation, told CNN today.
Overall, the “big, beautiful bill” is expected to slash revenue by $4.1 trillion over the next 10 years, while tariffs would offset about $3 trillion of that amount, according to the Congressional Budget Office.
What happens with tariffs now? More tariffs
President Donald Trump plans to invoke new trade authorities in response to today’s Supreme Court ruling on tariffs.
Here are some of the administration’s options, some of which the president mentioned today:
- Section 122 of the Trade Act of 1974: This law allows a president to levy a tariff of up to 15% for a maximum of 150 days to address “large and serious United States balance-of-payments deficits.” That would occur when the value of a country’s imports far exceeds that of exports, also referred to as a trade deficit.
- Section 232 of the Trade Expansion Act of 1962: This gives the president the authority to impose higher tariffs on national security grounds. It can only be used to target specific sectors and requires an investigation to be launched by the Commerce Department before tariffs can be imposed.
- Section 301 of the Trade Act of 1974: This allows the US Trade Representative to investigate countries potentially violating other nations’ trade agreements or practices in a way that is “unjustifiable” and “burdens or restricts” US business.
- Section 338 of the Tariff Act of 1930: While never implemented by any president, Trump could use this law to impose tariffs of up to 50% on countries’ imports if he believes they are engaging in trade practices that discriminate against the United States. Doing so, however, could violate World Trade Organization agreement terms and prompt steep retaliation from impacted countries.
Fact check: Supreme Court did not give Trump more power on tariffs
Speaking at a news conference Friday, President Donald Trump repeatedly suggested that the Supreme Court had given his administration more power to raise “potentially higher” tariffs.
“While I am sure that they did not mean to do so, the Supreme Cout’s decision today made a president’s ability to both regulate trade and impose tariffs more powerful and more crystal clear rather than less,” Trump said. “I don’t think they meant that.”
Even before the case reached the high court, there was no dispute that the emergency law Trump relied on for his global tariffs could be used for other moves — such as quotas and embargoes. Those powers were in place before Trump took office and they remain in place now.
The issue at the high court was whether a president could rely on that law to levy a tariff, which amounts to a tax, without express approval from Congress. The Supreme Court said Trump can’t.
Trump relied on the emergency law because the White House believed it could quickly turn duties on and off — not to mention raise and lower the rates — as a negotiating tactic. Without that power, Trump’s ability to quickly use tariffs as leverage was significantly weakened, not strengthened, by the court’s decision.
His other options have major strings attached. For instance, Trump announced Friday that he would enact a 10% global tariff under a trade law known as Section 122 — but these tariffs can only be in place for 150 days absent an extension from Congress.
The president just held a news conference on today’s SCOTUS ruling. Here’s what he said
President Donald Trump began his address by calling the Supreme Court’s decision, which ruled that his sweeping emergency tariffs are illegal, “deeply disappointing.”
- “Ashamed” of justices: Trump said he is “ashamed” of the Supreme Court justices — some of whom he appointed — who ruled against his tariffs. “I’m ashamed of certain members of the court, absolutely ashamed, for not having the courage to do what’s right for our country,” the president said. “They also are a, frankly, disgrace to our nation.”
- Praise for dissenters: The president thanked and congratulated justices Thomas Alito and Kavanaugh for their “strength and wisdom and love of our country,” saying, “when you read the dissenting opinions, there is no way that anyone can argue against them.”
- New global tariff: Trump said he is immediately going to enact a 10% global tariff under a trade law known as Section 122. Unlike the prior tariffs Trump imposed, these new levies can only be in place for a maximum of 150 days. Asked by a reporter whether he intends to keep that in effect indefinitely, Trump said, “We have a right to do pretty much what we want to do, but we’re going to charge it starting, effectively I think, it’s three days from now.”
- Alternative tariffs: He also said there are alternative methods to apply tariffs that could potentially generate more revenue than the emergency powers now off limits, citing various laws and sections that he would use, including the 1974 Trade Act and the Trade Expansion Act of 1962.
- Refunds: Trumps said he expects the SCOTUS decision to prompt an extensive legal fight over whether his administration now has to pay companies billions of dollars in refunds.
CNN’s Kit Maher, Elisabeth Buchwald, Adam Cancryn and Kevin Liptak contributed to this reporting.
Trump: Some trade agreements in limbo following SCOTUS decision
It’s not just the tens of billions of dollars in tariff revenue that have been riding on the Supreme Court’s verdict, but also the many trade agreements President Donald Trump inked.
Trump said many of those will stand but “some of them won’t, and they’ll be replaced with the other tariffs.”
The emergency economic powers Trump cited to impose his sweeping tariffs — which the Supreme Court struck down Friday — were also what backed trade agreements with major partners, including China and the European Union.
Those agreements granted partners lower tariff rates compared to what the president had threatened in exchange for promises to purchase more American goods and increase investments in the US.
Trump says he "couldn't care less" if justices attend State of the Union
President Donald Trump said he “couldn’t care less” if the Supreme Court justices who ruled that his tariffs are illegal attend his State of the Union address next week.
“They are invited barely, barely,” the president said, referring to Supreme Court Chief Justice John Roberts and Justices Amy Coney Barrett and Neil Gorsuch.
“Honestly I couldn’t care less if they come,” he added.
He added that the three justices who dissented are “happily invited.”
The speaker of the House and the Senate majority leader are in charge of inviting the justices to the address. Both positions are held by Republicans.
Pressed by another reporter if he regrets appointing Gorsuch and Barrett to the bench, the president deflected but called the justices an “embarrassment to their families.”
CNN has reached out to the Supreme Court about Trump’s comments.
Trump says Supreme Court ruling will spur extended legal fight over tariff refunds
President Donald Trump said Friday he expects the Supreme Court’s decision invalidating his tariffs to prompt an extensive legal fight over whether his administration now has to pay companies billions of dollars in refunds.
The 6-3 ruling did not address whether and how the government should handle the tariff money it’s already collected, which corporations are now expected to sue to get back.
“Wouldn’t you think they would have put one sentence in there saying, keep the money or don’t keep the money, right?” Trump said during a press briefing. “It’s not discussed. We’ll end up being in court for the next five years.”
The president has touted the revenue generated by his tariffs as evidence of the success of his trade policy, insisting that it’s made the nation richer and benefited Americans as a result.
But his critics have responded that consumers are footing the bill for those tariffs, pointing to the anticipated sprint by companies to secure refunds of the money they have paid the government over the past year.
Trump immediately invokes alternative tariffs authority to reinstate 10% global levies
President Donald Trump said Friday he’s immediately going to enact a 10% global tariff under a trade law known as Section 122 following the Supreme Court’s landmark ruling earlier in the day.
In a 6-3 decision, the justices found Trump lacked the authority to impose sweeping tariffs citing emergency economic authority.
But unlike the prior tariffs Trump imposed, the new levies can only be in place for a maximum of 150 days, barring congressional approval for an extension. Asked by a reporter whether Trump intends to keep that in effect indefinitely, he said, “We have a right to do pretty much what we want to do, but we’re going to charge it starting, effectively I think, it’s three days from now.”
Trump also told reporters he will be initiating several new investigations that are necessary precursors to imposing tariffs under a separate trade law known as Section 301.
The president says he will rely on alternative authorities to apply tariffs
President Donald Trump says there are alternative methods to apply tariffs that could potentially generate more revenue than the emergency powers now off limits.
“Other alternatives will now be used to replace the ones that the court incorrectly rejected. We have alternatives,” he told reporters at the White House.
He said the new avenues had been “approved by the decision” the court handed down today.
He cited various laws and sections that he would use, including the 1974 Trade Act and the Trade Expansion Act of 1962, but said it would make for a longer process. A number of those avenues require investigations before tariffs can be applied.
Trump argued the decision “made a president’s ability to both regulate trade and impose tariffs more powerful and more crystal clear.”
Trump says he's "ashamed" of justices who ruled against tariffs
President Donald Trump called the Supreme Court’s decision “deeply disappointing” and said he’s ashamed of the Supreme Court justices — some of whom he appointed — who ruled against his tariffs.
“The Supreme Court’s ruling on tariffs is deeply disappointing, and I’m ashamed of certain members of the court, absolutely ashamed for not having the courage to do what’s right for our country,” Trump said from podium in the White House briefing room on Friday.
During his first term, Trump appointed conservative justices Amy Coney Barrett and Neil Gorsuch, who joined with Chief Justice John Roberts and the three liberal justices in the majority.
“They’re against anything that makes America strong, healthy and great again. They also are a frankly disgrace to our nation those justices,” Trump said.
“I’d like to thank and congratulate justices Thomas Alito and Kavanaugh for their strength and wisdom and love of our country,” Trump said. “When you read the dissenting opinions, there is no way that anyone can argue against them.”
NOW: Trump holds news conference following SCOTUS ruling
President Donald Trump is holding a news conference following the Supreme Court ruling that Trump’s sweeping emergency tariffs are illegal.
Tariffs drove up home building costs. Today's ruling won't change that
At a time when the United States is short millions of homes, new tariffs imposed by President Donald Trump have pushed building costs even higher.
But many tariffs on the raw materials used to build new homes — such as those on lumber, steel and aluminum — will stay in place, despite the Supreme Court’s decision today.
Why?: That’s because they were imposed under separate laws allowing tariffs on national security threats or unfairly dumped imports.
The National Association of Home Builders recently estimated that tariffs could add an average of $10,900 to the cost of building each new home.
Immediate relief, lingering questions: Business owner reacts
The biggest question on the mind of business owners today? Refunds.
“Is that going to be a thing? No one knows,” said Michael Wieder, co-founder of the baby and toddler product company Lalo.
Wieder told CNN’s “One Thing” podcast last spring that Trump’s massive tariffs on China were hurting his bottom line and had to raise prices on some of their products as a result.
Today’s decision, he told CNN, could provide some relief for families but he hopes it presents an opening for lawmakers to push for a permanent tariff exemption for baby products.
What the Supreme Court's tariff ruling means for the prices you're paying
Now that the Supreme Court has taken away the bulk of President Donald Trump’s tariff-wielding authority, what does that mean for your prices?
“Nothing,” said Stephanie Roth, chief economist at Wolfe Research.
That’s because Trump has other tariff levers to pull. The Supreme Court noted other authorities remain available to Trump, including the laws that permitted the administration to raise significant tariffs on steel, aluminum and other imports – all of which remain in place.
And even if the administration is ultimately required to refund companies that paid the overturned tariffs (a question that remains unsettled), that doesn’t mean you’ll get a refund for the higher prices you paid for sneakers, furniture or other items that grew more expensive because of Trump’s policies.
“Companies are highly unlikely to start trimming their prices as a result,” Roth said. “Walmart is not going to give you a check for the 15% tariff on sneakers you bought from them four months ago.”
Trump’s tariffs added $1,000 in tax expenses for the average US household in 2025, according to the conservative-leaning Tax Foundation.
Erica York, vice president of federal tax policy at the Tax Foundation, said the tariffs that remain in place will still amount to a $400 tax hike per household in 2026.
But she noted that many companies paid the tariffs and did not pass the bulk of the tariff costs on to consumers. So prices aren’t likely to fall because of the ruling Friday.
“There won’t be a dramatic overnight change in prices,” she said.
Supreme Court to Trump: Emergency powers aren’t a cheat code
No recent president has used national emergency declarations like President Donald Trump has. He declared eight of them in his first 100 days — about as many as other recent presidents had declared in entire four-year terms.
And the reason is clear: They unlock emergency powers that Trump likes because he can exercise them on his own.
But the justices seemed to have a warning for him, saying in no uncertain terms that emergency powers shouldn’t be treated as some kind of cheat code.
“’Emergency powers,’ after all, ‘tend to kindle emergencies,’” they wrote.
“And as the Framers understood, emergencies can ‘afford a ready pretext for usurpation’ of congressional power,” they added.
At another point, they summarized the Trump administration’s argument as: “All it takes to unlock that extraordinary power is a Presidential declaration of emergency, which the Government asserts is unreviewable.”
Trump-appointed Justice Neil Gorsuch in his concurrence noted that the administration’s argument would allow presidents to impose tariffs “on virtually any imports for any emergency any President might perceive.”
The language is pretty strong. And it’s inauspicious for Trump, given how much of his agenda is built on claiming emergency powers and how many of those claims could go before these same justices.
