Supreme court to issue at least one ruling as decision on Trump’s global tariffs looms – live

Justices weighing whether Trump administration lawfully justified tariffs with a statute that grants the president specific authority during a national emergency

We’re keeping a close eye on the supreme court today, and a possible decision on the legality of Donald Trump’s sweeping global tariffs.

A reminder, the justices will decide whether the administration lawfully relied on the International Emergency Economic Powers Act (IEEPA) – a 1977 statute which grants the president authority to regulate or prohibit certain international transactions during a national emergency – to justify the tariffs.

The contributors to the increase in real GDP in the fourth quarter were increases in consumer spending and investment.

These movements were partly offset by decreases in government spending and exports. Imports, which are a subtraction in the calculation of GDP, decreased.