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Home » US Supreme Court rules against Trump’s sweeping emergency tariffs

US Supreme Court rules against Trump’s sweeping emergency tariffs

The Herald by The Herald
6 minutes ago
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WASHINGTON — The U.S. Supreme Court ruled Friday against President Donald Trump’s sweeping emergency tariffs, dealing a major setback to his economic policy and prompting questions over trade deals with South Korea and other partners that he has secured with the duties as a key negotiating tool. In a six-to-three decision, the high court upheld a lower court’s ruling against Trump’s use of the 1977 International Emergency Economic Powers Act (IEEPA) to justify duties, including “reciprocal” tariffs on South Korea and other countries, fueling expectations that Washington would have to initiate a complicated tariff refund process. The Trump administration has levied reciprocal tariffs of 15 percent on South Korean products, down from 25 percent following a bilateral deal under which Seoul has committed to investing $350 billion in the United States, among other pledges, in return for the tariff reduction. “We hold that IEEPA does not authorize the president to impose tariffs,” Chief Justice John Roberts wrote in the ruling. He was one of the six justices, including two fellow conservati

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