The US Supreme Court in convening once again to hear 'Learning Resources v. Trump', and 'Trump v. V.O.S. Selections, Inc.' today, at 10 a.m. EST.
The court had to decide whether an American President can unilaterally impose such whopping levies on its trading partners, citing national security or emergency powers.
The apex court's ruling will prove to be landmark in deciding not only the fate of Trump's infamous tariffs but also the US economy as a whole. Further, it will also set a precedent for how future presidents, Republican or Democrat, can invoke emergency powers to shape economic policy.
So far, the SC has deferred its ruling at least thrice.
Trump has been largely dismissive of criticism surrounding the tariffs, labelling the policy as "strongest and fastest economic turnaround" in the history of United States.
