After reconvening last week, the US Supreme Court (SCOTUS) ruled to strike down President Trump’s sweeping trade tariff policies. Trump has since announced a global tariff of 15%.

Before the court ruling, the Tax Foundation estimated that President Trump’s tariff policies could cost each US household roughly $1300. The additional 15% tariff adds about $700 to that total.

US House of Representatives (R-NY) Rep. Mike Lawler sits down with Market Catalysts host Julie Hyman to discuss Trump’s tariff strategy, arguing that it strengthens the broader economy.

To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.

For more on the Supreme Court’s tariff ruling, check out these videos:

Trump responds to SCOTUS tariff ruling: It’s ‘deeply disappointing’

SCOTUS struck down Trump’s tariffs. Now what?

Supreme Court tariff ruling: Here’s everything you need to know

SCOTUS tariff ruling: Markets need to understand ‘2 things’

Trump tariffs ‘overstepped’ constitutional bounds: Ex-Watergate prosecutor

What the tariff ruling means for already-negotiated trade deals

SCOTUS ruling: What a remedy to Trump tariffs could look like

Could Trump use a reconciliation bill to push for new tariffs?