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Trump Defends Tariffs Amid Supreme Court Scrutiny

1/3/2026

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Story summary
  • U.S. President Donald Trump reaffirmed his tariff agenda on January 2, 2026.
  • He argued losing the ability to impose import taxes would harm the United States.
  • The Supreme Court reviews the legality of his tariff policies, with Roberts, Barrett, and Gorsuch skeptical.
  • The Trump administration cites International Emergency Economic Powers Act as justification for these tariffs.
  • The Small Business Administration (SBA) has suspended 6,900 borrowers in Minnesota over suspected fraud.