Tariffs ruling is major blow to Trump's second-term agenda
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The Supreme Court ruled against President Trump, stating that Congress, not the president, holds the power to impose tariffs. The ruling struck down tariffs Trump had imposed under the Emergency Economic Powers Act of 1977. Trump criticized the justices and vowed to reimpose tariffs using other presidential authorities, including a new 10% global tariff. This decision is a check on Trump's executive authority and could weaken his negotiating power with other nations. The ruling also raises the possibility that the Trump administration may have to refund tariff revenue collected over the past year, though this will be decided by a lower court. This setback could be followed by similar rulings in other cases involving Trump's use of executive power.
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