The Supreme Court dealt President Donald Trump a bruising loss on a cornerstone of his economic policy, striking down sweeping tariffs he imposed on nearly every country

The six Supreme Court justices who ruled against President Trump's sweeping tariffs listed different reasons for their decisions. CBS News' Jan Crawford breaks down the monumental ruling.

President Donald Trump is dealing with a major legal defeat Friday after the Supreme Court struck down many of the tariffs he imposed last year on nearly every country on earth

The U.S. Supreme Court struck down President Donald Trump's sweeping tariffs, ruling he exceeded his authority. Collected tariffs may need to be refunded.

The nation's highest court struck down some of U.S. President Donald Trump's most sweeping tariffs on Friday, in a 6-3 decision that he overstepped his authority when using an emergency powers law to justify new taxes on goods from nearly every country in the world.

The nation's highest court struck down some of U.S. President Donald Trump's most sweeping tariffs on Friday, in a 6-3 decision ruling that he overstepped his authority when using an emergency powers law to justify new taxes on goods from nearly every country in the world.

The high court ruled Trump doesn't have tariff authority under an emergency law but can impose tariffs in other ways.

The justices debated the scope of presidential authority to impose sweeping global levies without Congress’s approval.