In a packed marble courtroom, the US Supreme Court on Wednesday opened what could be the most consequential trade ruling in a generation, grilling President Donald Trump’s administration over whether a 48-year-old emergency law effectively gave the White House virtually unlimited power over trade. At stake: US$90 billion already paid by American importers, trade deals with partners across the globe, billions more to come, and the delicate balance of power between Pennsylvania Avenue and Capitol…
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