Charting the Global Economy: Trump’s Tariffs Struck Down by Supreme Court
Shipping containers at the Port of Los Angeles on Feb. 20.
Photographer: Kyle Grillot/BloombergUS President Donald Trump’s global tariffs were struck down by the Supreme Court, undercutting his signature economic policy and kicking off what could be a prolonged battle over refunds.
Net trade ended up barely adding to US economic growth at the end of last year, culminated in a weaker-than-expected fourth quarter that was also restrained by a record-long government shutdown. Even so, a gauge of underlying demand was still strong.