FOCUS: U.S. tariff ruling to have limited impact on Trump-Takaichi meeting

WASHINGTON - The U.S. Supreme Court's decision rejecting President Donald Trump's use of emergency powers to impose global tariffs is a major setback for his economic policy, but the legal defeat is likely to have a limited impact on his meeting with Japanese Prime Minister Sanae Takaichi next month.

The top court's ruling on Friday came three days after Trump announced Japan's first set of investment projects in the United States, worth about $36 billion, and asserted they would never have taken place without tariffs.