"Today's decision by the U.S. Supreme Court striking down most of President Trump's sweeping import tariffs under the International Emergency Economic Powers Act (IEEPA) is not only the right decision, it is a profound economic relief for American businesses and consumers alike. In a 6-3 decision, the Court made clear what many CEOs have been saying for months, publicly and privately: the tariff gambit was not only unlawful, but it has been counterproductive, as well as harmful to American businesses and the economy."
"At our last Yale CEO Caucus in Washington DC, 75% of CEOs told us that they believe the IEEPA tariffs are illegal. Meanwhile, two-thirds of the top CEOs surveyed at our event told us that U.S. tariffs have been harmful to their businesses, with 80% of CEOs telling us that at least some of the cost of tariffs have been passed onto consumers."
The U.S. Supreme Court issued a 6-3 ruling invalidating most import tariffs imposed under the International Emergency Economic Powers Act (IEEPA). CEOs across industries repeatedly characterized the tariffs as unlawful, counterproductive, and damaging to business operations and the broader economy. Survey data from a Yale CEO Caucus showed 75% of CEOs believed the IEEPA tariffs were illegal, two-thirds reported harm to their companies, and 80% said some tariff costs were passed on to consumers. A manufacturing CEO urged policy focused on incentives and realistic industry targeting rather than blanket tariffs, noting many consumer goods are more efficiently produced abroad.
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