The Supreme Court's ruling letting the Trump administration revoke TPS for about 350,000 Venezuelans may have wrenching effects on Florida's economy.

The Supreme Court granted an emergency application filed by the Trump administration, which argued that it has sole authority over immigration disputes such as the Temporary Protected Status of Venezuelans living in the United States. The Supreme Court ruling is a major victory for the Trump administration.

The Supreme Court allowed the Trump administration to remove legal protections for roughly 350,000 Venezuelans living in the U.S. under Temporary Protected Status, or TPS.