"The top court heard arguments Wednesday in a case challenging Trump's ability to use the International Emergency Powers Act (IEEPA) to impose his so-called reciprocal tariffs and duties meant to curb the fentanyl trade. It didn't go well for Trump. The administration's lawyer admitted that a future president, under its own legal reasoning, could use IEEPA to declare a climate emergency and block imports of gasoline-powered cars."
"The solicitor general also conceded that Americans are paying part of the tariff costs and argued tariffs are not a tax meant to raise revenue-even though Trump and numerous White House officials have been touting for months how much revenue the levies are generating. A potentially decisive moment may have come when Justice Neil Gorsuch suggested the administration's stance opens the door to a "one-way ratchet" that would allow the White House to accumulate power permanently at the expense of Congress."
"In a note on Thursday, Capital Alpha Partners cofounder James Lucier offered some predictions on how the justices would vote, saying conservative Amy Coney Barrett will likely join liberals Sonia Sotomayor, Elena Kagan, and Ketanji Brown Jackson in going against Trump. "Crucially, the three conservative Justices who are considered to be the most conservative on the court - Clarence Thomas, Samuel Alito, and Neil Gorsuch - also appear to go into the same category as Barrett," Lucier wrote."
The Supreme Court heard a challenge to the use of the International Emergency Economic Powers Act (IEEPA) to impose reciprocal tariffs aimed at curbing the fentanyl trade. The administration's lawyer conceded a future president could use the same reasoning to declare a climate emergency and block imports of gasoline-powered cars. The solicitor general acknowledged Americans bear part of tariff costs while arguing the levies are not a tax despite generating revenue. Justice Gorsuch warned the stance could create a "one-way ratchet" concentrating power in the executive. Analysis predicts an unusual majority of justices may vote to block the tariffs.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]