Trump administration

Supreme Court limits Trump's tariff authority, providing relief to retailers like Nike and Target facing margin pressures. Decision removes trade policy uncertainty but doesn't address broader business challenges.

Trump administration pursues alternative tariff strategies after Supreme Court ruling limits executive power, implementing duties under different legal provisions while economic growth slows and inflation persists.

White House urges credit card issuers to lower rates, but legislative action faces banking industry opposition and limited congressional support for rate caps.