US Court Declares 'Reciprocal' Global Tariffs Imposed by Donald Trump Administration Illegal

TL;DR

The US Supreme Court ruled that President Trump exceeded his authority with certain tariffs.
The ruling blocks a key tool Trump used for his economic and diplomatic agenda.
The court decided 6-3 that the IEEPA does not authorize the president to impose tariffs.
This decision applies to tariffs Trump described as 'reciprocal'.
The court reasoned that if Congress intended to grant such tariff power via IEEPA, it would have done so expressly.
The Supreme Court's decision upholds previous rulings from lower courts that found Trump's IEEPA tariffs illegal.

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