The court's Friday decision struck down tariffs Trump had imposed on nearly every country using an emergency powers law. Trump now said he'll use a different, albeit more limited, legal authority.
He's already signed an executive order enabling him to bypass Congress and impose a 10% tax on imports from around the world, starting Tuesday, the same day as his State of the Union speech. But those tariffs are limited to 150 days unless extended by legislation.
Trump's announcement on social media Saturday was the latest sign that, despite the court's rare check on his powers, the Republican president won't let go of his favorite tool for rewriting the rules of global commerce and applying international pressure.
A federal judge on Monday permanently barred the release of a report by special counsel Jack Smith's report on his investigation into Trump's hoarding of classified documents.
U.S. District Judge Aileen Cannon, who was nominated to the bench by Trump, granted a request from the Republican president to keep under wraps the report detailing Smith's findings in the probe that resulted in criminal charges in 2023.
Cannon, who in 2024 dismissed the case after concluding that Smith was unlawfully appointed, said the release of the report would present a "manifest injustice" to Trump and his two co-defendants.
"Special Counsel Smith, acting without lawful authority, obtained an indictment in this action and initiated proceedings that resulted in a final order of dismissal of all charges," she wrote.
A State Department official says the U.S. has ordered nonessential diplomats and family members to leave Lebanon as tensions over Iran rise with the threat of a potentially imminent military strike.
The official said a continuous assessment of the regional security environment determined it was "prudent" to draw down the U.S. Embassy's footprint so that only essential personnel remained at their posts.
The official, who spoke on the condition of anonymity because the move had not yet been formally announced, said that it is a temporary measure and that the embassy remained operational Monday.
A second department official, also speaking on the condition of anonymity to discuss plans that had not been formally announced, said Secretary of State Marco Rubio may delay his intended visits to Israel this weekend.
U.S. futures were broadly lower Monday as uncertainty lingered after the Supreme Court struck down most of President Trump's sweeping tariffs late last week.
Futures for the S&P 500 lost 0.5%, while futures for the Dow Jones Industrial Average dropped 0.6%. Nasdaq futures fell nearly 0.7%.
Novo Nordisk shares took a beating after the Danish drugmaker said trial results of its next generation weight loss drug CagriSema fell short of those of a similar drug made by rival Eli Lilly. Novo shares slid more than 13% in premarket trading. Eli Lilly shares rose 3.5%.
Domino's climbed nearly 5% after the pizza delivery chain said it expects its market share to further expand in 2026 after posting strong same-store sales figures for the fourth quarter.
Despite Friday's Supreme Court ruling, tariffs aren't going away. Trump said Friday he would use other avenues to tax imports, such as an executive order imposing a 10% global tariff that he later raised to 15%.