The White House is portraying Friday's launch of President Donald Trump's new tariffs regime as a testament to his negotiating skills, despite concerns that the taxes will stunt the economy and increase inflation in ways that disproportionately harm working-class Americans.

Companies, consumers and foreign countries have been paying close attention to President Donald Trump’s aggressive policy of placing tariffs on foreign goods. Soon, the courts will weigh in on whether Trump has the power to levy those tariffs in the first place — a high-stakes legal battle that will either affirm a key pillar of Trump’s economic policy or cut it off at the knees.