US Edition
Snap Insight: There’s No Liberation From Trump’s Tariffs, Even After Court Ruling
The Supreme Court ruled 6-3 that President Trump exceeded legal authority with tariffs under the International Emergency Economic Powers Act, but a new 10% global tariff will start Feb 24.
- On Friday, the U.S. Supreme Court ruled the tariffs imposed under the International Emergency Economic Powers Act were unlawful in a 6-3 decision.
- Trump first imposed tariffs on Canada, Mexico and China citing an economic emergency over fentanyl imports, then expanded the rationale in April to address global trade imbalances.
- The White House, using Section 122 of the Trade Act, ordered a global 10 per cent tariff starting Feb 24, after a New York Federal Reserve study found 90 per cent of the costs fell on businesses and consumers.
- Trading partners face continuing tariffs despite the ruling as IEEPA rates will be replaced by the new global tariff, and Singapore exports still face Section 232 tariffs.
- Another key question concerns tariff revenue and refunds, with Bloomberg estimating $170 billion may be subject to refund, while U.S. trade policy observers warn legal and policy turmoil will continue.
20 Articles
20 Articles
According to one expert, the Trump camp was prepared for yesterday's Supreme Court ruling. It wasn't many hours after the ruling was made that the new tariffs were announced.
Trump’s tariffs illegal, US Supreme Court rules
WASHINGTON, D.C. — The Supreme Court struck down President Donald Trump’s far-reaching global tariffs on Friday, handing him a stinging loss that sparked a furious attack on the court he helped shape.Trump said he was “absolutely ashamed” of some justices who ruled 6-3 against him, calling them “disloyal to our Constitution” and “lapdogs.” At one point he even raised the specter of foreign influence without citing any evidence.The decision could…
Sons of Liberty Media
The Washington StandardTrump Calls Supreme Court “Fools and Lap Dogs” After They Strike Down His Unlawful Tariffs, Then Thumbs His Nose By Issuing Tariffs
The irony is Trump precisely wants fools and lap dogs. Even After Supreme Court Ruling, Trump Insists He Can Do as He Wishes The New York Times reports Even After Supreme Court Ruling, Trump Insists He Can Do as He Wishes President Trump’s furious response on Friday to the Supreme Court’s tariffs decision underscored his insistence …
President Donald Trump still has options to continue taxing imports aggressively, even after the U.S. Supreme Court ruled yesterday against tariffs that he imposed on almost every country in the world last year under the International Emergency Economic Powers Act (IEEPA) of 1977. "It's hard to imagine a route where tariffs end," he told AP Kathleen Claussen, Georgetown's trade law professor.
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