Nobody likes it: Yesterday, the Supreme Court heard oral arguments in President Donald Trump's tariff case. Trump has invoked the International Emergency Economic Powers Act (IEEPA) as legal justification for his tariffs, imposed in some form on nearly all imports from nearly all countries.
The "emergency" that grants him such economic powers, in Trump's telling, is either the trafficking of fentanyl into the U.S. (in the case of the tariffs on Canada, Mexico, and China) or, more confusingly, the (rather normal) existence of trade deficits.
