Washington, Feb 21 (AP) The Supreme Court struck down President Donald Trump's far-reaching global tariffs on Friday, handing him a significant loss on an issue crucial to his economic agenda.

The 6-3 decision centers on the tariffs Trump unilaterally imposed under an emergency powers law, including the sweeping “reciprocal” tariffs levied on nearly every other country.

It's the first major piece of Trump's broad agenda to come squarely before the nation's highest court, which he helped shape with the appointments of three conservative jurists in his first term.

The majority found that the Constitution “very clearly” gives Congress the power to impose taxes, which include tariffs. “The Framers did not vest any part of the taxing power in the Executive Branch,” Chief Justice John Roberts wrote.

“The tariffs at issue here may or may not be wise policy. But as a matter of text, history, and precedent, they are clearly lawful,” Kavanaugh wrote in the dissent.

The Latest: Bessent says alternative tariff plan will lead to virtually unchanged tariff revenue' in 2026 ---------------------------------------------------------------------------------------------- Treasury Secretary Scott Bessent says the Supreme Court “did not rule against President Trump's tariffs,” rather “Six Justices simply ruled that IEEPA authorities cannot be used to raise even one dollar of revenue.” In a prepared speech to the Economic Club of Dallas delivered Friday afternoon, Bessent says the Trump administration “will invoke alternative legal authorities to replace the IEEPA tariffs.” “Treasury's estimates show that the use of Section 122 authority, combined with potentially enhanced Section 232 and Section 301 tariffs will result in virtually unchanged tariff revenue in 2026,” he says.

Trump wraps up news briefing after more than 40 minutes -------------------------------------------------------------- The president wrapped on a positive note, saying that with the ruling, “great certainty has been brought back to the economy of the United States and actually the economy of the world.” He repeated one of his favorite lines, saying that the U.S. is “the hottest country in the world,” and added: “We're going to keep it that way.” Trump couldn't care less' if justices who opposed his tariffs attend State of the Union address --------------------------------------------------------------------------------------------------- Trump said the justices who voted in the majority against his tariffs are still “barely” invited to Tuesday's State of the Union address.

But he added that “honestly I couldn't care less if they come, OK?” The president gives the State of the Union before a joint session of Congress.

But the chief executive doesn't issue invitations to the speech, aside from his own special guests.

The House speaker actually invites the president to give the address in the first place, and while there is always reserved seating for members of the court, Chief Justice John Roberts has previously said it's up to individual justices if they want to attend.

Trump: Gorsuch, Barrett's families should be embarrassed ------------------------------------------------------------- The president is clearly fuming at two of the justices he nominated in his first term who sided against his tariff policy.

“I think it's an embarrassment to their families, if you want to know the truth. The two of them,” Trump said of Gorsuch and Barrett.

He said, “their decision was terrible.” Still, he declined to say whether he regretted nominating them.

Trump says his reading prowess is above reproach ------------------------------------------------------ “I read very well. Great comprehension,” Trump said.

The president said that, when it came to the tariffs case, “I read everything there is to read. And I said, Can't lose this case.'” But the Supreme Court did in fact rule against Trump's sweeping tariff policy — an outcome Trump suggested was only possible because “judges want to be political, they want to be politically correct.” (AP) MNK MNK

Executive emergency tariff authority limited, prompting administration to pursue alternative statutory bases for imposing tariffs. The Supreme Court concluded that the Constitution vests the taxing power in Congress and that the emergency statute invoked by the Executive does not authorize imposition of tariffs as revenue measures, constraining executive emergency tariff authority; the administration plans to rely on alternative statutory bases to replace the invalidated tariffs.