The U.S. Supreme Court ruled that President Donald Trump exceeded his authority by imposing sweeping tariffs under the International Emergency Economic Powers Act (IEEPA), invalidating country-specific and fentanyl-related levies.
Axar.az, citing CBS, reports that Chief Justice John Roberts wrote, “We hold that IEEPA does not authorize the president to impose tariffs,” emphasizing that Congress never granted the president this power.
The 6‑3 ruling does not affect all tariffs, leaving those imposed under other laws, such as steel and aluminum duties, intact.
Businesses challenged the tariffs as arbitrary and harmful, with Victor Schwartz of VOS Selections saying, “Thankfully, courts at every level recognized these duties for what they were: unconstitutional government overreach.” The decision could allow importers to seek refunds, though the court did not clarify the process.
Lower courts had already ruled against Trump, marking the ruling as the most significant Supreme Court setback for his second-term economic agenda.
Source: en.axar.az
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