"Donald Trump overstepped his authority by imposing most of his steep tariffs on global imports, the US supreme court ruled on Friday, toppling a key pillar of the president's aggressive economic agenda. In a 6-3 ruling, the court decided that a 1977 law designed to address national emergencies did not provide the legal justification for most of the Trump administration's tariffs on countries across the world."
"During oral arguments, the US solicitor general, D John Sauer, said despite the president claiming for months that they would raise trillions of dollars for the US federal government that tariffs weren't really about money. These are regulatory tariffs, Sauer assured the court. They are not revenue-raising tariffs. The fact that they raise revenue is only incidental. Supreme court justices expressed skepticism over the administration's position. I just don't understand this argument, said the liberal justice Sonia Sotomayor."
The US Supreme Court held 6-3 that the International Emergency Economic Powers Act (IEEPA) did not authorize most of the Trump administration's tariffs on global imports. The decision removed a central element of the president's asserted executive authority to impose tariffs without congressional approval. The president argued the tariffs would raise revenue, revive industrial regions, and make global trade fairer for the US. Economists warned the tariffs risked raising prices for Americans after years of heightened inflation. The US solicitor general framed the tariffs as regulatory rather than revenue-raising, and justices from across the ideological spectrum expressed skepticism.
Read at www.theguardian.com
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