us supreme court strikes down trumps tariffs art market 1234774032

The U.S. Supreme Court has struck down a series of sweeping tariffs imposed by the Trump administration, ruling in a 6-3 decision that the executive branch exceeded its authority. Chief Justice John Roberts, writing for the majority, stated that the International Emergency Economic Powers Act (IEEPA) does not grant the president the power to unilaterally impose tariffs of unlimited scope and duration. While tariffs on steel and aluminum remain, the ruling removes the 10 percent global blanket tariff and the 25 percent reciprocal tariffs previously levied against Canada, China, and Mexico.