Summary
The United States Supreme Court has struck down President Donald Trump's use of tariffs under a law intended for national emergencies. The court decided that the president exceeded his authority by imposing these tariffs without clear permission from Congress. The ruling affects global trade and financial markets.
Key Facts
- The Supreme Court ruled 6-3 against President Trump's use of tariffs under a 1977 law.
- The decision says the president cannot impose such tariffs without clear authorization from Congress.
- The Constitution gives Congress the power to impose taxes and tariffs.
- President Trump used tariffs as a key tool in economic and foreign policy, leading to a global trade war.
- Businesses and 12 Democratic-governed states challenged the tariffs in court.
- Chief Justice John Roberts wrote the majority opinion.
- Justices Alito, Thomas, and Kavanaugh disagreed with the majority ruling.
- The ruling does not clarify if companies can get refunds for tariff payments.
- The tariffs collected over $175 billion, and the amount may need refunding.
