Will US Refund Tariffs? | US Supreme Court Strikes Down Trump Tariffs; Declares It 'Illegal'

Описание: The United States Supreme Court has delivered a landmark 6-3 verdict against President Donald Trump, ruling his use of emergency authority to impose global tariffs as 'illegal and unlawful'. The court held that the aggressive tariff approach was not permitted under the 1977 International Emergency Economic Powers Act (IEEPA). Legal experts noted that while the ruling vacates the President's authority to issue new executive orders for tariffs, it remains silent on the billions already collected. The decision is seen as a major domestic setback for the Trump administration, with analysts suggesting the President may now seek legislative backing through Senator Lindsey Graham’s bill or pivot to Section 232 of the Trade Expansion Act. While US stocks reacted positively to the news, diplomatic experts warn of continued uncertainty for trade partners like India and the European Union. The ruling highlights a rare instance of the conservative-leaning court checking executive overreach, specifically noting that Congress did not confer such unilateral powers for use during peacetime.

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