Scarlet Fu

I will stay on top of the president's social media output here today.

June Grasso, thank you so much.

We appreciate it.

June Grasso, a Bloomberg Law host here joining us here for this momentous decision here that U.S.

Supreme Court struck down President Donald Trump's sweeping global tariffs, undercutting his.

significant economic policy and delivering his biggest legal defeat since he returned to the White House.

That is according to Bloomberg reporting.

Scarlett Fu and Paul Sweeney live here on our Bloomberg Interactive Broker Studios.

I'm looking at the top live again.

Great, great reporting real time on this breaking story.

Sean Donnan, senior economics writer.

He writes, it's not overstating things to say this is a historic decision that applies on at least two fronts.

Number one, the policy at issue.

Trump's increase in tariffs last year was the largest since the infamous 1930 Smoot-Hawley duties.

Number two, its application to presidential powers over the economy.

Scholars in the lead up were calling this the biggest case in economic policy realm since the Youngstown steel case in 1952, in which the court blocked Harry Truman's bid to nationalize steel mills during the Korean War.

Others have likened the idea of a Supreme Court rebuking Trump on tariffs to the court's fight with FDR over the New Deal.

you

In my opinion, Henrietta, is this do you think emboldened any of President Trump's adversaries, whether in Congress or just within Washington, D.C.

apparatus that maybe this gives them a little bit more confidence to push back?