The Supreme Court handed Donald Trump a rare legal defeat, ruling 6-3 that the administration exceeded its executive authority in imposing the levies.
The decision, which upholds earlier lower court rulings, found that the International Emergency Economic Powers Act (IEEPA) does not grant the president authority to set tariffs on imported goods.
Trump had declared a national emergency in April 2025, citing the trade deficit, seeking to implement a baseline 10% duty on all imports along with steeper reciprocal rates on certain trading partners.
cryptobriefing.com