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5 Takeaways From the Supreme Court’s Tariff Smackdown
The Supreme Court ruled 6-3 that emergency tariffs under IEEPA exceeded presidential authority; the administration plans a new 15% tariff under the 1974 Trade Act with ongoing investigations.
- Following the ruling, the U.S. Supreme Court struck down much of the emergency tariff regime, and the White House plans a new 15% duty under Section 122 of the Trade Act of 1974.
- The Court found that the International Emergency Economic Powers Act did not explicitly authorize the sweeping tariffs the administration invoked, and the solicitor general had relied on the IEEPA in defending the measures.
- Treasury Secretary Scott Bessent said the U.S. will use Section 232 and Section 301 authorities while U.S. Trade Representative Jamieson Greer investigates unfair trade practices by China and Brazil.
- Lower federal courts must decide refunds involving over $350 billion of government revenue, creating a significant fiscal gap amid deficits above 5% of the GDP.
- With midterm elections in November, the ruling risks a fiscal emergency and constitutional crisis, while trading partners such as the EU and India defer talks, the source says.
12 Articles
12 Articles
The Supreme Court’s ruling leaves Trumponomics facing major challenges
nmoyPhoto/ShutterstockThe decision by the US Supreme Court to rule most of Donald Trump’s “liberation day” tariffs illegal will have far-ranging consequences for the president’s economic agenda. Although the administration will find other ways to increase tariffs, their usefulness as a weapon of economic warfare will be diminished. And the issue – among the most unpopular of the president’s economic policies – will cause him serious political da…
The Supreme Court's decision did not remove from the scene the most harmful factor for the business added by Donald Trump: uncertainty. It is the most adverse environment for any decision. In the United States in the current administration, everything can happen suddenly, without any explanation. Therefore, as already mentioned here, I think all this analysis will benefit Brazil. The theoretically, since the country had items taxed 50% and now t…
5 takeaways from the Supreme Court’s tariff smackdown
The U.S. Supreme Court's 6-3 ruling against President Trump's use of tariffs was a victory for the U.S. Constitution, with Chief Justice John Roberts and two conservative justices ruling in favor of the court's "major questions doctrine" and three dissenting conservative justices ignoring it.
The Economics of the Supreme Court’s Tariff Ruling
The US Supreme Court has ruled that President Donald Trump’s tariffs are unconstitutional, effectively positioning the rule of law as the ultimate arbiter of a terrible economic policy. This sends an important message: US policies may not be personalized by the whims of a vindictive and uninformed wannabe autocrat.
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