U.S. Supreme Court shoots down President Trump’s tariffs — Consumer Technology Association hails 'victory for all Americans,' calls for swift refunds to retailers (update)

The U.S. Supreme Court has ruled against President Trump's tariffs, stating that the International Emergency Economic Powers Act does not grant him unilateral power to impose import duties without Congress's approval. This decision nullifies most of the tariffs imposed by Trump on other countries, with potential implications for consumer electronics prices. The Consumer Technology Association celebrates the ruling as a victory for Americans and calls for swift refunds to retailers affected by the tariffs. While immediate price changes are unlikely, the ruling could lead to reduced prices for products like computers and semiconductors sourced from Asia.