Last week, the Supreme Court delivered a major ruling on presidential power, striking down a centerpiece of President Donald Trump's economic agenda.

How will this ruling impact American consumers and the economy?

And how will it shape Trump's trade policy going forward?

Hello and welcome to USA Today's The Excerpt. I'm Dana Taylor. Today is Tuesday, February 24, 26.

Heard helped me break down the issues from a legal, political, and economic perspective. I'm now joined by USA Today White House correspondent Bart Janssen.

Bart, thanks so much for joining me.

Thanks for having me.

Let's start with the basics.

What exactly did the Supreme Court say?

By a 6.3 majority, the justices basically said that Trump doesn't have the authority to impose emergency tariffs under a 1977 law that aimed to allow some trade restrictions.

But tariffs are considered a tax and Congress in the Constitution was given

the power to tax. So the lack of explicit authority in the statute to impose tariffs meant

the Supreme Court blocked Trump under this statute.

Trump wasn't particularly happy about the ruling. What did he say?

He's called it dumb, ridiculous. He said he was ashamed of the justices who voted against him.

He said it was an embarrassment to their families. He's very upset about this decision because it was a

centerpiece of his economic policy and also a key factor in his foreign policy because he's used

tariffs as a cudgel to force manufacturers to relocate jobs back in the United States, on foreign countries, to allow

more trade into those countries, and also treat us more fairly in trade practices, and also to

raise hundreds of billions of dollars for the U.S. government. So this was a big blow for his administration, but as he says, he contends he has other avenues to impose different kinds of tariffs to make up the shortfall.

And the president turned around and gave a press conference a few hours later saying he had another way to enact his trade policy.

Let's give a listen.

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