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The Supreme Court's decision to strike down many of President Donald Trump's tariffs is a massive blow to the president's agenda. But for cost-conscious consumers, the immediate impact could be further economic uncertainty, with few price cuts in store.
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Here's what corporate leaders need to know about the billions of dollars on the line following the Supreme Court's ruling against President Trump.
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The nation's highest court struck down some of U.S. President Donald Trump's most sweeping tariffs on Friday, in a 6-3 decision that he overstepped his authority when using an emergency powers law to justify new taxes on goods from nearly every country in the world.
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The administration has been preparing for months for the possibility that the court would rule against the president and developed contingency plans.
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President Donald Trump's "reciprocal" tariffs were deemed unconstitutional by the Supreme Court, but some sector-specific tariffs remain in place.
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The Supreme Court's ruling against many of President Trump's tariffs cheered executives who set to work seeking refunds on their duties.
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The Supreme Court's decision to invalidate many of President Trump's tariffs raised questions about what would become of agreements struck with major U.S. trading partners.
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