Supreme Court strikes down swath of Trump's tariffs

The Supreme Court is scheduled to hear oral arguments on November 5 over the legality of President Donald Trump's "liberation day" tariffs.

Andrew Harnik/Getty Images; Win McNamee/Getty Images

• Supreme Court limits Trump's tariff powers under IEEPA emergency law.
• Court ruling coincides with a decline in US trade deficit due to tariffs.
• IEEPA tariffs were crucial in Trump's global trade renegotiation strategy.

The Supreme Court struck down a chunk of President...