Back to today’s briefing

Story perspectives

Supreme Court Leaves Trump Tariffs Challenge in Limbo

6/21/2025

47 7

Summary

Story summary

The U.S. Supreme Court has chosen not to fast-track a legal challenge to President Trump's tariffs, leaving affected companies in limbo. In a related decision, a federal appeals court backed Trump's authority over California's National Guard during ongoing protests. Economic experts warn that California's economy may shrink as a result of these controversial policies.

History

Historical Context

The Smoot-Hawley Tariff Act, enacted on June 17, 1930, raised tariffs on over 20,000 imports to protect U.S. industries during the Great Depression. This led to retaliatory tariffs from trading partners, causing a 40% drop in U.S. imports and worsening the economic crisis. Today, similar concerns arise with President Trump's tariffs, which echo the protectionist policies of the 1930s.

1 of 2

Story summary

The U.S. Supreme Court has chosen not to fast-track a legal challenge to President Trump's tariffs, leaving affected companies in limbo. In a related decision, a federal appeals court backed Trump's authority over California's National Guard during ongoing protests. Economic experts warn that California's economy may shrink as a result of these controversial policies.

1 / 2