Supreme Court strikes down Trump's tariffs
4 days ago
- #Tariffs
- #Trump Administration
- #Supreme Court
- The Supreme Court struck down President Donald Trump’s global tariffs, a key part of his economic agenda.
- The 6-3 decision ruled that the Constitution grants Congress, not the Executive Branch, the power to impose tariffs.
- Chief Justice John Roberts emphasized that the Framers did not give taxing power to the Executive Branch.
- Justices Alito, Thomas, and Kavanaugh dissented, with Kavanaugh arguing the tariffs were lawful under text, history, and precedent.
- The ruling does not prevent Trump from imposing tariffs under other laws with more limitations.
- Trump’s tariffs, declared under a national emergency, faced legal challenges from states and businesses.
- The economic impact of the tariffs was estimated at $3 trillion over a decade, with $133 billion already collected.
- Companies like Costco are seeking refunds in court.