The SCOTUS Decision Is In: IEEPA Tariffs Are Out
On February 20, the US Supreme Court (SCOTUS) judges released their decision about the legality of US President Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose “reciprocal tariffs” on US trading partners across the globe.
“IEEPA does not authorize the President to impose tariffs. The judgment... is vacated, and the case is remanded with instructions to dismiss for lack of jurisdiction,” read the latest Opinion of the Court for Learning Resources, Inc. v. Trump.
Chief Justice John Roberts wrote the majority opinion and the court agreed 6-3 that the tariffs exceeded the law...
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