The U.S. Supreme Court will hear oral arguments on Wednesday in what President Donald Trump has called the “most important subject discussed by the Supreme Court in a hundred years.”

The issue at hand is tariffs.

In the beginning months of Trump’s second presidential term, he implemented unprecedented tariffs using the International Emergency Economic Powers Act (IEEPA).

On April 2, dubbed “ Liberation Day ” by the White House, Trump promised the U.S. a future of “economic independence” from foreign powers by “instituting reciprocal tariffs on countries throughout the world.”

And so tariffs were instituted.

“These included a 20% ‘trafficking’ tariff and additional ‘reciprocal’ tariffs that pushed rates on Chinese goods to over 145%,” per the plaintiffs in the case . “Petitioners

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