In a recent ruling, the U.S. Supreme Court overturned the legal foundation for many of the tariff increases imposed by President Donald Trump. The Court's decision signals a significant blow to Trump's trade policies, which have heavily relied on these tariffs. Trump responded vehemently during a closed meeting with state governors, expressing his discontent with the ruling and labeling it as a "shame."

As per reports from CNN, Trump mentioned that the White House has a "plan B" in response to the decision, suggesting that he might pursue alternative methods or legal avenues to impose tariffs. The administration originally justified the tariffs through a 1977 law that granted the president powers to regulate international trade during emergencies. This law has faced scrutiny and the Supreme Court's ruling indicates challenges to Trump's interpretation of his trade powers.

This ruling is pivotal as it could reshape not only Trump's current tariff strategy but also set a precedent affecting future administrations' abilities to impose unilateral trade measures. The implications of this decision extend beyond domestic economic policies; they could influence international trade relations as countries respond to the U.S.'s changing stance on tariffs and trade regulations.