The US Supreme Court struck down President Donald Trump’s sweeping global tariffs, undercutting his signature economic policy and delivering his biggest legal defeat since he returned to the White House. Voting 6-3, the court said Trump exceeded his authority by invoking a federal emergency-powers law to impose his “reciprocal” tariffs across the globe as well as targeted import taxes the administration says address fentanyl trafficking. The justices didn’t address the extent to which importers are entitled to refunds, leaving it to a lower court to sort out those issues. If fully allowed, refunds could total as much as $170 billion - more than half the total revenue Trump’s tariffs have brought in. For instant reaction and analysis, Bloomberg Intelligence co-hosts Paul Sweeney and Scarlet Fu, o speak with: - Bloomberg Washington correspondent Tyler Kendall - Bloomberg Legal Analyst and host of Bloomberg Law June Grasso - Henrietta Treyz, Managing Partner and Director of Economic Policy at Veda Partners - Dave Townsend, Partner with Dorsey & Whitney See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. One of the most iconic brands in finance returns for today's issues and today's media world. David Westin hosts a new look at the financial stories that shape our world as seen through the eyes of people whose perspective we value. Each week, join David as he sits down with newsmakers and a rotating panel of influential voices including thought leaders, CEOs, policy makers and economists. Listen to more Wall Street Week: https://youtube.com/playlist?list=PLe4PRejZgr0P6a0QUvLYXeB8_LosR4J43 Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake For coverage on news, markets and more: http://www.bloomberg.com/video #WallStreet #News #Bloomberg #Podcast