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Supreme Court Strikes Down Trump’s Sweeping Global Tariffs
- On Friday, the U.S. Supreme Court struck down President Donald Trump's IEEPA-based tariffs in Learning Resources, Inc. v. Trump and Trump v. V.O.S. Selections, Inc., in a 6-3 ruling authored by Chief Justice John Roberts.
- Trump invoked IEEPA after declaring a national emergency to impose sweeping `reciprocal` tariffs on April 2, 2025, prompting lawsuits from a dozen largely Democratic-leaning states and small businesses.
- Thousands of importers including Costco, Revlon and Goodyear have filed for refunds, with lawsuits estimating roughly $150 billion paid, while Penn-Wharton Budget Model economists show collections exceeded $175 billion and refunds could top well over $100 billion.
- Issuing refunds will be complex and could involve U.S. Customs, courts, and Congress, while Treasury Secretary Scott Bessent said repayments may span weeks to a year.
- The decision reinforces that Congress, not the president, holds tariff authority, reaffirming the U.S. Constitution’s separation of powers and supporting Canada’s view that IEEPA tariffs were unjustified.
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President Trump talks with reporters after Supreme Court strikes down sweeping tariffs
Friday's 6-3 decision centers on tariffs the president unilaterally imposed under an emergency powers law, including the sweeping “reciprocal” tariffs levied on nearly every other country.
·Cincinnati, United States
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Supreme Court strikes down Trump's sweeping tariffs; two of the president’s appointees ruled against his policy
It's unclear how immediately the ruling will impact businesses in Philadelphia and elsewhere dealing with higher prices caused by tariffs on imported goods.
·Philadelphia, United States
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Wall Street Traders Keep Calm After Tariff Ruling: Markets Wrap
(Bloomberg) -- Stocks meandered in a tight range while bonds fell alongside the dollar after the Supreme Court rejected Donald Trump’s tariffs. Crypto, gold and oil mostly hovered as traders sought to assess the president’s plans for a program that sent markets careening when first announced last year.
·Bern, Switzerland
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Coverage Details
Total News Sources459
Leaning Left102Leaning Right64Center155Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 32%
C 48%
R 20%
Factuality
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