The Supreme Court ruled on Friday that President Donald Trump does not have the authority to impose tariffs on imports coming into the United States from virtually every country. This could ease costs for U.S. companies that rely heavily on overseas manufacturing, including Apple.
In the months since Trump began broadly imposing tariffs, Apple paid billions in these import taxes. And it rearranged its supply chain to move some product assembly away from China, the country that the president made the primary focus of his tariff policy.