Dave Anthony
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President Trump has put his global tariffs now up to 15%, raising them from the 10 he announced on Friday after the Supreme Court ruling against him, striking down most of his earlier tariffs in the decision that the president had exceeded his authority.
Now, on Wall Street, stock futures are falling more than 100 points each for the Dow and the Nasdaq.
Both had surged up more than 200.
on Friday after that Supreme Court decision.
The Olympics are over in Italy.
This is a Fox News alert.
The Supreme Court rules against President Trump on tariffs.
I'm Dave Anthony.
It's a case he had called one of the biggest ever.
That's Fox's Jessica Rosenthal.
No reaction yet from President Trump, but just yesterday at a rally in Georgia, he touted his tariffs, making our economy stronger.
Some of those tariffs have hit Canada.
Ontario's Premier Doug Ford tells Fox this ruling is a step in the right direction.
Also, reaction from Democrats.
Senate Minority Leader Chuck Schumer posted on Exit's a victory for the wallets of every consumer.
Senator Elizabeth Warren in a statement writes no Supreme Court decision can undo the massive damage Trump tariffs have done for small businesses and American families.
She's concerned giant corporations can sue for tariff refunds and then just pocket the money for themselves.