Charting the Global Economy: Trump Tariffs Struck Down in Court

US President Donald Trump’s global tariffs were struck down by the Supreme Court, undercutting his signature economic policy and kicking off what could be a prolonged battle over refunds.

Net trade ended up barely adding to US economic growth at the end of last year, culminated in a weaker-than-expected fourth quarter that was also restrained by a record-long government shutdown. Even so, a gauge of underlying demand was still strong.

Earlier in the week, Trump credited tariffs for reaching a trade deal with Japan, in which the country will invest up to $36 billion in US oil, gas and critical ...