EU plans $108B retaliatory tariffs, Denmark says Europe won’t be blackmailed

Here’s a summary of the news excerpt:

The Supreme Court did not issue a ruling on President Trump’s tariffs on Wednesday, January 14, 2026. While the court released three other opinions, the decision in the case Learning Resources, inc. v. Trump was postponed.

Key points about the case:

* It centers on the International Emergency Economic Powers act (IEEPA) of 1977, which grants the president power to declare economic emergencies but doesn’t explicitly authorize tariffs as a response.
* Trump used IEEPA to justify imposing tariffs related to issues like fentanyl and trade imbalances.
* A ruling is still expected before the end of the court’s session in June.
* Trump has been actively commenting on the case via Truth Social.