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Story summary
- The U.S. Supreme Court will hear arguments on November 5 regarding President Trump's tariffs, testing executive power.
- The case was expedited after lower courts ruled Trump exceeded his authority under the International Emergency Economic Powers Act (IEEPA).
- Small businesses and 12 Democratic-led states challenge the tariffs, citing economic harm.
- Trump defends the tariffs as essential for trade negotiations and national security.
- The Supreme Court's ruling may impact U.S. tariff rates and restitution for collected tariffs.
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