The Supreme Court, in a 6-3 ruling, said President Trump did not have authority under the International Emergency Economic Powers Act to impose tariffs.

Budget 2026 live updates: PM says opposition ‘reduced to a farce’ as government targeted over CGT; three Coalition MPs booted from question time
<p>Albanese defends changes to negative gearing and capital gains tax, which Bill Shorten says will give young people a ‘fighting chance’. Follow today’s news live</p><ul><li><p>See all our <a href="https://www.theguardian.com/australia-news/australian-budget-2026">Australia budget 2026</a> coverage

