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Supreme Court rules that Trump's emergency tariffs are illegal

4 days ago
  • #Tariffs
  • #Trump Administration
  • #Supreme Court
  • The Supreme Court ruled that President Trump violated federal law by unilaterally imposing global tariffs.
  • The decision was a 6-3 majority, with Chief Justice John Roberts writing the opinion.
  • The court did not specify what should happen to the $130 billion in tariffs already collected.
  • Trump relied on the International Emergency Economic Powers Act (IEEPA), but the court found it did not authorize his actions.
  • Lower courts will likely decide the issue of refunding collected tariffs.
  • The case is significant for the U.S. economy, challenging tariffs on China, Mexico, Canada, and other countries.
  • Trump argued tariffs were essential for national wealth, while opponents called it an overreach of power.
  • The ruling aligns with previous Supreme Court decisions limiting unilateral executive actions without congressional approval.
  • The administration warned that refunding tariffs could have severe economic consequences.
  • The case bypassed lower courts and went directly to the Supreme Court for expedited review.