Supreme Court strikes down Trump tariffs
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In a 6-3 decision on Friday, the Supreme Court invalidated the majority of President Donald Trump's global tariffs.
Cryptopolitan on MSN
US Customs will stop collecting tariffs imposed under emergency powers from Tuesday
U.S. Customs and Border Protection said on Monday that it will stop collecting tariffs imposed under the International Emergency Economic Powers Act at 05:01 am GMT on Tuesday after the U.S. Supreme Court ruled those duties illegal.
5don MSNOpinion
Even without the 'emergency' powers SCOTUS rejected, Trump has a bunch of tariff options
President Donald Trump suffered a major setback today at the Supreme Court, which rejected his claim of sweeping tariff authority under the International Emergency Economic Powers Act (IEEPA). Trump could have avoided that embarrassing defeat if he was not so keen on asserting broad,
The Supreme Court's ruling to limit President Donald Trump's use of emergency powers to impose tariffs is forcing the administration to look to different statutory authorities to carry out its trade policy.
The answer is, it depends. In order to escape the bite of the Roberts court’s majority opinion in Learning Resources v. Trump, the license fee cannot be a tax, because that would run into the same separation of powers problem.
The Supreme Court’s decision eliminated a large number of the Trump Administration’s tariffs, but other tariffs, unrelated to the International Emergency Economic Powers Act, remain.
Trump had been counting on the tariffs to boost the federal budget by more than $2 trillion over the next decade and bring manufacturing back to the United States.
Trump vowed to press on with tariffs — including a new 10% global levy — after the Supreme Court ruled his sweeping duties exceeded presidential authority.View on euronews
The Supreme Court has ruled that the International Emergency Economic Powers Act tariffs exceed the executive's authority, and Congress must now take up the task of defining a new tariff agenda that lowers prices,
US President Donald Trump's new global tariffs have come into effect at 10% after the Supreme Court blocked many of his sweeping import taxes on Friday. Just hours after last week's ruling, the president signed an executive order to impose the new levy from 24 February.