The Supreme Court ruled that President Donald Trump violated federal law when he unilaterally imposed sweeping tariffs across the globe, a striking loss for the White House on an issue that has been central to the president's foreign policy and economic agenda. CNN's chief Supreme Court analyst Joan Biskupic breaks down how Chief Justice John Roberts, who wrote the majority opinion, explained the decision in court. Read more: https://cnn.it/4asrU2d | CNN

Tariff update of the day 👀 The U.S. announced new tariffs on China, sparking confusion with a headline 245% rate. But here’s the deal: the new tariffs top out at 145%, and the rest is from past policies. California’s suing the Trump administration, saying that the tariffs hurt its manufacturing industry. And the WTO is sounding the alarm, warning that the tariffs and resulting trade war could seriously impact global trade, with U.S.–China trade expected to drop by up to 91%. #tariffs #ecommerce