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US Supreme Court rules against Trump’s sweeping tariffs (www.scmp.com)

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In a consequential decision with billions of dollars on the line, the US Supreme Court on Friday upheld a lower-court ruling, striking down US President Donald Trump’s tariffs, paving the way for massive refunds of well over US$100 billion already paid by trade partners and the likelihood of a tumultuous adjustment. The 6-3 decision in the nine-justice conservative majority of the Supreme Court is the most significant legal setback yet for the administration that has broadly accepted Trump’s...

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