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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.