Supreme Court Tariffs
by Brian Wang from NextBigFuture.com on (#73Q8H)
The Supreme Court (6-3) held that the International Emergency Economic Powers Act (IEEPA) of 1977 does not authorize the President to impose tariffs. Roberts, Amy Coney Barrett and Neil Gorsuch joined the 3 liberal judges. Trump just issued the same tariffs under different laws and increased them by 10%. Trump effectively turned a legal loss ...