Supreme Court justices
U.S. Supreme Court justices pose for their group portrait at the Supreme Court on October 7, 2022. Seated (L-R): Justices Sonia Sotomayor, Clarence Thomas, Chief Justice John G. Roberts, Jr., Samuel A. Alito, Jr. and Elena Kagan. Standing (L-R): Justices Amy Coney Barrett, Neil M. Gorsuch, Brett M. Kavanaugh and Ketanji Brown Jackson. REUTERS/Evelyn Hockstein/File Photo

The Supreme Court ruled 6-3 against the Trump administration Friday morning, determining that the president exceeded his authority in imposing reciprocal tariffs. The decision is expected to send shockwaves globally and has already infuriated Trump. The president had grown increasingly panicked ahead of the ruling, lashing out at justices and warning of a potential $2 trillion "catastrophe" if his tariffs were struck down. He also cautioned that the United States could be "reduced to almost Third World status" if the tariffs were overruled. Americans are bracing for potential economic impact, with concerns that the government may need to refund tariffs already collected. Social media users expressed alarm about additional taxes charged to consumers — with some demanding refunds.

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