The move comes after the Supreme Court ruled Trump doesn't have tariff authority under an emergency law but can impose tariffs in other ways.

The Supreme Court on Feb. 20 ruled that President Donald Trump does not have the authority to impose sweeping tariffs at the stroke of a pen.

In his opinion for the court, Chief Justice Roberts noted that the constitution’s framers “gave ‘Congress alone’ the power to impose tariffs during peacetime” and “did not vest any part of the taxing ...

Friday’s Supreme Court ruling eliminated President Trump’s preferred tool for imposing tariffs.

The U.S. trade deficit slipped modestly in 2025, a year in which President Donald Trump upended global commerce by slapping double digit tariffs on imports from most countries.