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Supreme Court strikes down Trump's tariffs

4 days ago
  • #Tariffs
  • #Trump
  • #Supreme Court
  • The U.S. Supreme Court ruled President Trump's tariffs policies under IEEPA unconstitutional.
  • Chief Justice John Roberts authored the 6-3 majority opinion, with Justices Thomas, Alito, and Kavanaugh dissenting.
  • Trump's tariffs initially imposed at least 10% on goods from most countries, with higher rates for countries like China (up to 145%).
  • Tariffs on allies like Canada and Mexico were set at 25%, later increased to 35% for Canada.
  • American businesses challenged the tariffs, arguing Trump exceeded his authority.
  • The Supreme Court, previously receptive to Trump's claims of presidential authority, ruled against him in this case.
  • This marks the first major instance where the Supreme Court has denied Trump's policies after full briefing and expedited arguments.