Dan Schwartzman

In a six to three ruling, the court said Trump exceeded his authority by invoking a federal emergency powers law to impose his, quote, reciprocal tariffs across the globe.

as well as targeted import taxes the administration says address fentanyl trafficking.

The White House has said it will quickly replace the levies using other legal tools.

Bloomberg Law host June Grasso says this wasn't a surprise.

That's Bloomberg Law host June Grasso.

Bloomberg's Tyler Kendall tells us how many companies have been affected by the tariffs.

That's Bloomberg's Tyler Kendall.

Veda Partners co-founder Henrietta Trace says President Trump has to decide what he wants to do next.

That's Veda Partners co-founder Henrietta Trace.

Meanwhile, U.S.

officials say that President Trump will be traveling to China from March 31 to April 2.

Wall Street reacting positively to the Supreme Court ruling striking down Trump's tariffs, with the Dow gaining around a quarter percent, the S&P up over six-tenths of a percent, while the Nasdaq has gained over one percent.

The 10-year Treasury yield is at 4.093, the two years at 3.479.

Gold is trading at nearly $5,050 an ounce, while Bitcoin is at over $67,600.

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.