The Supreme Court ruled Friday that President Trump overstepped his authority in ordering tariffs on nearly everything the U.S. imports. Here's some economic context to understand that decision.

Consumers could see some relief at the checkout counter in coming months because of the high court ruling on tariffs.

The tariffs began taking effect at midnight on Tuesday, shortly after collections under the International Emergency Economic Powers Act were halted following the Supreme Court ruling.

After unleashing market chaos on April 2, when the president unveiled a laundry list of heavy tariffs for countries around the world, they were paused for 90 days after the stock market dramatically tumbled. That 90-day pause was supposed to end earlier this month but has been extended again through Friday, Aug. 1, a date the administration says will stick this time.

As radical increases in US tariffs begin to redefine the country’s trading relationships, American consumers are getting a crash course in how taxes on imports work. Here are the basics. Technically, a tariff, also known as a duty, is a tax to be paid on ...

From 50% duties to a temporary 10% levy, US tariff rules on Indian goods have shifted, lowering costs for now while leaving sectoral duties and trade deal negotiations largely unchanged

Ahead of a federal court ruling on Donald Trump’s trade tariffs, Treasury Secretary Scott Bessent warned that a legal defeat risked creating a “dangerous diplomatic embarrassment.” Not surprisingly, this did not prove persuasive. NBC News reported: A ...