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The Supreme Court struck down President Donald Trump's far-reaching global tariffs on Friday, handing him a significant loss on an issue crucial to his economic agenda.

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00:16The Supreme Court has struck down President Donald Trump's sweeping tariffs, a significant
00:21defeat for the President on an issue central to his economic agenda.
00:25The decision centered on tariffs he imposed under an emergency powers law, including the
00:32far-reaching tariffs on nearly every other country.
00:36The President has been vocal about the case, calling it one of the most important in U.S.
00:40history, but legal opposition crossed the political spectrum.
00:45The administration can still impose tariffs under other authorities, though those do have
00:50more limitations on the speed and severity with which Trump can act.
00:55The case marks the first piece of his broad agenda to come squarely before the nation's
01:00highest court.
01:09That's a ten, that's a good one.
01:20...and special interests, and the fake news, always, the fake news will always complain,
01:26but never forget every prediction our opponents made about trade for the last 30 years has
01:32been proven totally wrong.
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