
"The Supreme Court has struck down President Donald Trump's far-reaching global tariffs, handing him a significant loss on an issue crucial to his economic agenda. The decision on Friday centers on tariffs imposed under an emergency powers law, including the sweeping "reciprocal" tariffs he levied on nearly every other country. It's the first major piece of Trump's broad agenda to come squarely before the nation's highest court, which he helped shape with the appointments of three conservative jurists in his first term."
"The Republican president has been vocal about the case, calling it one of the most important in U.S. history and saying a ruling against him would be an economic body blow to the country. But legal opposition crossed the political spectrum, including libertarian and pro-business groups that are typically aligned with the GOP. Polling has found tariffs aren't broadly popular with the public, amid wider voter concern about affordability."
The Supreme Court invalidated tariffs President Donald Trump imposed globally under an emergency powers law, including expansive 'reciprocal' tariffs on nearly every other country. The ruling represents a significant loss on an issue central to his economic agenda. The case marked the first major element of his agenda to reach the Supreme Court after his appointment of three conservative justices. Trump characterized the case as crucial to U.S. history and warned a loss would be an economic body blow. Legal opposition to the tariffs spanned the political spectrum, including libertarian and pro-business groups. Polling shows tariffs lack broad public popularity amid concerns about affordability.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]