What Happens to Collected Tariff Money

In a 6-3 decision, the Supreme Court ruled that President Trump’s global tariffs are illegal. It is the first time the Supreme Court has definitively struck down one of Trump’s second-term policies, saying the president went too far in enacting his most sweeping tariffs without clear authorization from Congress. WSJ’s Gavin Bade unpacks the ruling and discusses Trump’s next steps. Ryan Knutson hosts.

Further Listening:

- Trump's Tariffs Force a New Era in Global Trade

- How Tariffs Could End Italian Pasta in the U.S.

- The Tariff Trade Off: Jobs vs. Higher Prices

Sign up for WSJ’s free What’s News newsletter.

Learn more about your ad choices. Visit megaphone.fm/adchoices