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Supreme Court Strikes Down Trump’s Sweeping Global Tariffs
- The Supreme Court ruled 6-3 that President Trump's tariffs under the International Emergency Economic Powers Act are unconstitutional, as the law does not authorize the president to impose tariffs.
- Chief Justice John Roberts wrote the majority opinion stating the president must have clear congressional authorization to impose tariffs, which was lacking under IEEPA.
- The ruling requires the federal government to refund approximately $175 billion collected in tariffs, with companies and states already filing lawsuits seeking refunds.
- Justices Clarence Thomas, Samuel Alito, and Brett Kavanaugh dissented, warning of the financial impact on the U.S. Treasury.
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President Trump talks with reporters after Supreme Court strikes down sweeping tariffs
Friday's 6-3 decision centers on tariffs the president unilaterally imposed under an emergency powers law, including the sweeping “reciprocal” tariffs levied on nearly every other country.
·Cincinnati, United States
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Supreme Court strikes down Trump's sweeping tariffs; two of the president’s appointees ruled against his policy
It's unclear how immediately the ruling will impact businesses in Philadelphia and elsewhere dealing with higher prices caused by tariffs on imported goods.
·Philadelphia, United States
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Wall Street Traders Keep Calm After Tariff Ruling: Markets Wrap
(Bloomberg) -- Stocks meandered in a tight range while bonds fell alongside the dollar after the Supreme Court rejected Donald Trump’s tariffs. Crypto, gold and oil mostly hovered as traders sought to assess the president’s plans for a program that sent markets careening when first announced last year.
·Bern, Switzerland
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Coverage Details
Total News Sources459
Leaning Left102Leaning Right64Center155Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 32%
C 48%
R 20%
Factuality
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