💨 Abstract

The U.S. Supreme Court ruled that former President Donald Trump exceeded his authority by imposing broad tariffs on global trade using the International Emergency Economic Powers Act (IEEPA). The court, in a 6-3 decision, stated that IEEPA does not authorize the president to impose tariffs. This ruling blocks a significant tool Trump used for his economic agenda and affects tariffs on major trading partners like Mexico, Canada, and China.

Courtesy: AFP