Supreme Court strikes down Trump tariffs 6-3. Tech stocks rally, but will prices drop?

The Supreme Court struck down one of President Donald Trump's signature accomplishments on Friday, ruling 6-3 that the president lacked the authority to impose many of his tariffs.

Since returning to the White House, President Trump has tested the boundaries of executive power, and the Supreme Court decision was a clear check on presidential authority.

In response to the ruling, Trump pledged to impose a new 10 percent global tariff via executive order, citing Section 122 of the Trade Act of 1974.