A federal appeals court struck down most of President Trump’s sweeping tariffs Friday, saying they have no legal basis. The decision could undo many of Trump’s tariffs from “Liberation Day” in April, as well as earlier tariffs against Canada, Mexico and China. In its ruling, the appeals court called levying tariffs “a core Congressional power,” but the White House had argued the president has…
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Yet prices will remain elevated. The line can only go up.