The Supreme Court recently struck down Trump's use of emergency powers to impose tariffs under the International Emergency Economic Powers Act (IEEPA). In a 6-3 decision, the court ruled that the tariffs exceeded the authority given to the president by Congress under the 1977 law, which allows the executive branch to regulate commerce during national emergencies created by foreign threats.
Read MorePresident Trump has recently authorized a 100% tariff on all foreign-made films. This move raises questions on which films qualify and what effects it could have on both the domestic and international market for American films.
Read MoreThis is bound to affect everyday Americans as many industries rely heavily on steel and aluminum - most notably being car manufacturers, aluminum can manufacturers, and construction companies. Higher steel prices could mean an increase in the cost of vehicles, while higher aluminum prices may increase the cost of everyday kitchen staples like canned goods or soda.
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