The Supreme Court struck down President Donald Trump’s sweeping tariff agenda Friday, dealing a seismic blow to the president’s key economic policy after months of chaos with America’s trading partners.
A ruling from the nation’s conservative-majority high court determined that the president’s global levies were unlawfully imposed under the 1977 law, the International Emergency Economic Powers Act.
“The president asserts the extraordinary power to unilaterally impose tariffs of unlimited amount, duration, and scope. In light of the breadth, history, and constitutional context of that asserted authority, he must identify clear congressional authorization to exercise it,” Chief Justice John Roberts wrote in a 6-3 decision.
Conservative Justices Neil Gorsuch and Amy Coney Barrett, both appointed by Trump, joined Roberts as well as liberal Justices Sonia Sotomayor, Elena Kagan and Ketanji Brown Jackson in ruling against the president.
The president called the ruling a “disgrace” in the immediate aftermath, The Independent understands.
Note:
Further information on Fortune 500 companies already suing for refunds:
borderslynn 