In a major setback to President Donald Trump’s trade policy, the US Supreme Court, in a 6-3 ruling, struck down sweeping global tariffs imposed under emergency powers, holding that the president exceeded his legal authority by bypassing Congress.
In its majority opinion, the court ruled that the International Emergency Economic Powers Act (IEEPA) does not grant the president unilateral authority to impose broad import tariffs, emphasizing that the Constitution clearly vests taxing powers, including tariffs, with Congress.
