The Supreme Court struck down President Trump's emergency tariffs, creating a complex challenge for the U.S. government to refund an estimated $133 billion in collected import taxes. Importers are expected to receive compensation, but the process will be lengthy and litigious, with consumers unlikely to see direct refunds.
Read Full Story →
Johannes Dale-Skjevdal of Norway won gold in the 15-kilometer biathlon mass start with a flawless 20/20 shooting performance, securing Norway's record-breaking 17th gold medal at the Winter Olympics.
A proposed nuclear deal between the US and Saudi Arabia could allow the kingdom to enrich uranium, raising significant proliferation concerns amidst an ongoing atomic standoff with Iran and Saudi Arabia's past threats to acquire nuclear weapons if Iran does.
The Supreme Court invalidated President Trump's major tariffs, ruling he lacked the authority to impose them. This opens the door for importers to reclaim $133 billion, but the refund process is expected to be complex, lengthy, and lead to extensive litigation, primarily benefiting companies.
President Donald Trump expressed extreme disappointment and publicly shamed his own Supreme Court appointees, Justices Neil Gorsuch and Amy Coney Barrett, after they joined a 6-3 majority to strike down his global tariffs, a key economic policy.
Canada's Olympic men's hockey team, trailing 2-0 in the semifinals, rallied with three unanswered goals, including Nathan MacKinnon's late winner, to defeat Finland 3-2 and advance to the gold medal game.
The Supreme Court struck down President Trump's sweeping tariffs, leading to a calm but positive reaction on Wall Street as stocks ticked higher. However, Trump quickly vowed to implement new tariffs through alternative methods, keeping the trade landscape uncertain. Meanwhile, mixed economic reports and company-specific news also influenced market movements.
