SCOTUS Blocks President Trump's $18t Fairy Tale

The U.S. Supreme Court has declared a large portion of the tariffs imposed by President Donald Trump to be unlawful. The U.S. Constitution grants the power to levy tariffs to Congress, not to the president. Trump had nevertheless relied on a 1977 emergency law to impose the import duties without congressional approval. The International Emergency Economic Powers Act (IEEPA) allows a U.S. president to regulate trade during a national emergency, but it has previously been used for sanctions rather than tariffs. Trump had described the tariffs as essential to the economic security of the United States.

 

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