How the Overturn of Trump’s Canada Tariffs Will Impact Your Wallet

On Feb. 20, the U.S. Supreme Court struck down most of President Donald Trump’s sweeping tariffs on a variety of global trading partners, including Canada. The 6-3 majority ruling could lower prices on some international goods, easing the burden on American households, but economists warn that relief may be slow to come, if it arrives at all. The Court’s Opinion The ruling did not strike down all of the tariffs levied by the Trump administration. Instead, the Court ruled specifically against tariffs imposed under the International Emergency Economic Powers Act, or IEEPA. The majority ruling noted that no president before…

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