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.