Supreme Court annuls Trump's reciprocal tariffs
The president of the high court said the president could not invoke a special economic emergency law in peacetime.
TL;DR
- The US Supreme Court has ruled President Trump's reciprocal tariffs illegal.
- The Court stated the President cannot use the International Economic Emergency Powers Act for tariffs in peacetime.
- This power is reserved for Congress, requiring 'clear authorization' from the legislative branch.
- The ruling was a 6-3 decision, with both liberal and conservative justices voting to annul the tariffs.
- The sentence specifically targets the 'Liberation Day' tariffs of April 2, not individual tariffs imposed on specific nations.