Elisabeth Buchwald | June 26, 2026
(CNN)
A year ago, when President Donald Trump threatened sky-high tariffs on nearly everything coming from everywhere, global markets trembled and foreign leaders scrambled. Now the same threat barely registers.
That’s largely thanks to a February Supreme Court ruling that stripped the president of his most potent tariff weapon and left him with far more limited options for making good on his threats. But the verdict hasn’t stopped Trump from trying anyway….“None of the authority Congress has granted the president to impose tariffs allows him to do so whenever he wants,” said Jeffrey Schwab, senior counsel and director of litigation at the Liberty Justice Center, which led the Supreme Court tariff case. “Unless and until those procedures are followed and the conditions met, the president cannot impose tariffs,” Schwab told CNN on Friday.
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To read more about the Liberty Justice Center’s efforts to combat unlawful tariffs, click here.