Dan Schwartzman

The administration says address fentanyl trafficking.

Jennifer Hillman, Georgetown law professor and former vice chair of the U.S.

Internal Trade Commission and a former member of the World Trade Organization appellate body says this is a win for America.

That's Georgetown Law Professor Jennifer Hillman.

The Supreme Court ruling against President Trump's use of the International Emergency Economic Powers Act lowers the average U.S.

effective tariff rate from 13.6 percent down to 6.5 percent.

That's still higher than the 2.3 percent rate when Trump took office last January.

The administration has indicated it intends to move quickly to replace many of the tariffs through other authorities.

Dorsey and Whitney Trade Attorney Dave Townsend says there's one thing that was surprising about this opinion.

That's Dorsey and Whitney Trade Attorney Dave Townsend.

David Weston of Bloomberg Wall Street Week, who also clerked for Supreme Court Justice Lewis Powell, asks an important question now that the ruling has come down.

That's David Weston of Bloomberg Wall Street Week.

Markets reacting to the Supreme Court ruling striking down President Trump's tariffs, with the Dow gaining around a tenth of a percent, the S&P up close to a half percent, while the Nasdaq has gained over eight-tenths of one percent.

The 10-year Treasury yield is at 4.091, the two years at 3.483, gold trading at $5,070 an ounce, while Bitcoin is at close to $67,300.

President Trump speaking to reporters at the opening of a breakfast with governors at the White House says he is considering limited strikes on Iran as a way to ramp up pressure on the regime to make a deal to limit its nuclear program.

The U.S.

military has been building up a massive armada in the Middle East, including two aircraft carriers, hundreds of fighter jets and refueling tankers, along with thousands of troops.

The president has said Iran has 10 to 15 days to strike a deal over its nuclear program.

The U.S.

economy grew less than expected at the end of last year, dragged down by a record-long government shutdown, consumer spending, and trade.