The U.S. Supreme Court ruled 6–3 that President Donald Trump lacked authority under the International Emergency Economic Powers Act to impose unilateral tariffs, striking down a central trade policy of his second term.
Key Takeaways
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Court limits presidential tariff powers: The ruling held that IEEPA does not authorize presidents to unilaterally impose tariffs.
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Business community welcomes clarity: Industry leaders praised the decision for restoring predictability to global supply chains and reducing uncertainty for retailers and manufacturers.
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Refund question unresolved: The Court did not address whether tariffs already collected will be refunded.
