Plain English: an appeals court limited how a president can use emergency-powers law to set tariffs; it wasn’t a vote on whether tariffs are “good,” it was about authority. Why it matters: legality decides what sticks, not rally lines — and who actually pays a tariff shows up in prices and supply chains. What’s next: appeal timelines and any rewrite under a different law. Receipts to come: opinion link, neutral explainer, revenue breakdown.
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