The Supreme Court ruled that President Donald Trump was not authorized to impose global tariffs, challenging what has been a cornerstone policy in the president’s economic agenda.
The court struck down the tariffs by a 6-3 vote, noting that the Trump administration unlawfully imposed the tariffs by using the International Emergency Economic Powers Act. Trump has long pushed tariffs as a way to balance the trade playing field for America. But others have warned that the tariffs, which are import costs often passed on to the consumer, could lead to price hikes and inflation.
