The United States Constitution clearly lays out the separation of powers between the legislative and executive branches. This week, the Supreme Court has ruled that when Donald Trump enacted his sweeping global tariffs, claiming authority under “emergency powers,” he violated the Constitution. Tariffs are taxes, and only Congress can has the power to impose them. Today, Ali Velshi outlines the court’s decision, and the potential fallout.

A tariff is a tax on imported goods, paid by the companies importing goods from overseas, and either passed on to the consumer or business customers in the form of higher prices, or absorbed by the importing company as decreased revenue. Tariffs are meant to encourage consumers purchasing goods manufactured or grown domestically.

After almost a year of economic uncertainty, retaliatory tariffs on U.S exports, repeated supply chain pressures and adjustments, and rising prices for consumers and businesses in the U.S., Trump’s Tariffs — meant to “reshape” global trade in our favor — decreased the nation’s trade deficit by $2.1 billion…or, 0.2%.

Trump immediately declared in a speech following the decision he would sign an executive order installing yet another round of global tariffs, and that he was “ashamed” of the court, that they were “swayed by foreign interests.”

Now, a new period of uncertainty for American consumers and businesses begins, as the president tries to enact new tariffs, and questions about whether we the people are eligible for refunds of the illegal taxes we’ve paid out as increased cost of goods and services for the past year.

LISTEN: VELSHI EXPLAINS THE SUPREME COURT DECISION

WATCH: ARE AMERICAN CONSUMERS AND BUSINESSES DUE A TARIFF REFUND?

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