Supreme Court hears case on Trump's tariffs. What you need to know

"Now the Supreme Court, with three justices Trump appointed and generally favorable to muscular presidential power, will have the final word. In roughly two dozen emergency appeals, the justices have largely gone along with Trump in temporarily allowing parts of his aggressive second-term agenda to take effect while lawsuits play out. But the case being argued Wednesday is the first in which the court will render a final decision on a Trump policy."

"Tariffs are taxes on imports. They are paid by companies that import finished products or parts, and the added cost can be passed on to consumers. Through September, the government has reported collecting $195 billion in revenue generated from the tariffs. The Constitution gives Congress the power to impose tariffs, but Trump has claimed extraordinary power to act without congressional approval by declaring national emergencies under the 1977 International Emergency Economic Powers Act."

Three lower courts have ruled illegal President Donald Trump's use of emergency powers to impose worldwide tariffs, and the Supreme Court will issue the final ruling. Three justices appointed by Trump generally favor expansive presidential authority. In prior emergency appeals, the court temporarily allowed parts of the administration's second-term agenda to take effect while lawsuits proceeded. Tariffs are taxes on imports paid by importers and often passed to consumers; they generated $195 billion through September. The Constitution assigns tariff authority to Congress, but Trump invoked the 1977 International Emergency Economic Powers Act to justify tariffs on Canada, Mexico, China and later worldwide tariffs citing trade deficits.

Read at Fast Company