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Vollstandige Zusammenfassung

The court ruled 6-3 that President Trump exceeded his authority under the International Emergency Economic Powers Act to impose broad global tariffs after declaring emergencies on drugs and trade deficits. Businesses such as Learning Resources and V.O.S. Selections argued the tariffs hurt operations, and even Justices Gorsuch and Barrett joined the majority. Trump fired back calling the justices disloyal, then quickly imposed a new 10% tariff under Section 122 of the 1974 Trade Act; no refunds are planned for the $133 billion collected, though markets rose on the news.

Wichtigste Erkenntnis

Small businesses like a toy importer challenged Trump's emergency tariffs and won a stunning Supreme Court victory Friday. Chief Justice Roberts wrote that the law doesn't allow presidents to raise revenue that way—it's Congress's job.

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Vollstandige Zusammenfassung

In a 6-3 ruling, the Supreme Court held that the International Emergency Economic Powers Act does not authorize presidential tariffs, invalidating Trump's broad levies on imports from many countries that had generated $130 billion. Trump brushed it off in a White House briefing, signing an executive order for a new 10% global tariff under the Trade Act of 1974—later raised to 15%—while calling critics like Hakeem Jeffries low IQ and praising dissenting justices. He urged Republicans to stick together amid private GOP relief over the decision and Democratic cheers for checking executive power, as refund lawsuits pile up ahead of midterms.

Wichtigste Erkenntnis

Hours after a Supreme Court smackdown on his global tariffs, President Trump turned to Truth Social to blast fellow Republicans as disloyal and demand they unite to win.

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In a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi dated Tuesday, Democratic Senators Elizabeth Warren and Jack Reed requested an investigation by December 1 into World Liberty Financial's compliance with anti-money laundering rules, sanctions, and governance. The demand stems from a September report by Accountable.US alleging the project sold $WLFI governance tokens to wallets linked to North Korea's Lazarus Group, a Russian sanctions-evasion stablecoin, Iran's NoBitex exchange, and the sanctioned mixer Tornado Cash. DT Marks DEFI LLC, controlled by Donald Trump and his family, holds 22.5 billion tokens and receives 75% of sales revenue, while the project lists Trump family members in prominent roles; World Liberty Financial maintains it has robust compliance measures with no evidence of wrongdoing.

Wichtigste Erkenntnis

Senators Elizabeth Warren and Jack Reed have fired off a letter urging a federal probe into World Liberty Financial, the Trump family's crypto project, over alleged sales to North Korean hackers and sanctioned entities.

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