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Supreme Court Strikes Down Trump’s Global Tariffs
https://www.wsj.com/us-news/law/trump-tariffs-supreme-court-decision-29c26fa2
President Trump’s global tariffs are illegal, the Supreme Court ruled Friday, in a stinging repudiation of a signature White House initiative.
U.S. Supreme Court finds Trump overstepped authority in imposing tariffs under emergency law
https://www.cbc.ca/news/world/livestory/scotus-tariff-ruling-9.7099048
As U.S. President Donald Trump looks to expand his use of tariffs to pressure Europe over Greenland, the U.S. Supreme Court has struck down previously imposed tariffs. The Supreme Court found Trump overstepped his authority when he invoked emergency powers to bring the tariffs into effect.
It’s impossible to overstate how big a blow this ruling is to Donald Trump. The president had previously said it would be an "economic disaster" for the U.S. if the Supreme Court struck down his tariffs. He was primarily talking about the loss of roughly $150 billion a year in revenue to the U.S. Treasury.
But the court's rejection of his claim that he has unfettered authority to impose tariffs by declaring national emergencies is a disaster of another kind for Trump — a political one.
Trump has to face the reality that two justices he appointed ruled against the tariffs. It delivers a clear conservative legal rebuke to his attempt to extend his presidential powers into an area that, according to the U.S. Constitution, is exclusively the domain of Congress.
The ruling comes in the wake of growing political discontent with the tariffs. The Republicans lost a vote in the House last week, with lawmakers condemning the "fentanyl emergency" tariffs against Canadian products. Meanwhile, Trump's approval rating on the economy is in the dumps, with many Americans upset at the rising cost of living, in part a factor of tariffs.
For Trump, today is arguably the worst day of his second term. Trump's staff will now likely have to rewrite a chunk of his State of the Union address, scheduled for Tuesday evening.
The U.S. Supreme Court struck down on Friday U.S. President Donald Trump‘s sweeping tariffs that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major implications for the global economy. Trump has leveraged tariffs - taxes on imported goods - as a key economic and foreign policy tool.
