US EditionSupreme Court Strikes Down Trump’s Sweeping Global Tariffs
The Supreme Court ruled 6-3 that the International Emergency Economic Powers Act does not authorize unilateral tariffs, impacting $133 billion collected under Trump’s emergency tariff program.
- On Friday, the U.S. Supreme Court invalidated President Donald Trump’s use of the International Emergency Economic Powers Act to impose tariffs in a 6-3 decision.
- Seven businesses and 12 states challenged the tariffs under IEEPA, prompting consolidated Supreme Court review after lower courts ruled against Trump.
- Chief Justice John Roberts wrote that IEEPA contains no reference to tariffs and that taxing power belongs to Congress, with Justices Neil Gorsuch, Amy Coney Barrett, Sonia Sotomayor, Elena Kagan and Ketanji Brown Jackson joining the majority.
- Refund claims are expected, with analysts estimating over $175 billion may need to be refunded, but the court left refund logistics unclear for U.S. importers and companies seeking refunds.
- The Trump administration said it will seek other statutory avenues and President Donald Trump planned a Friday news briefing, despite Friday's ruling.
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934 Articles
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Episode 5157: SCOTUS Delivers Blow To President Trump's Emergency Tariffs - Stephen K Bannon's War Room
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