The Supreme Court ruled 6-3 to strike down most of President Trump’s tariffs, deeming that he lacked authority under the International Emergency Economic Powers Act (IEEPA). Trump criticized the justices, vowing to impose a 10% global tariff instead. Chief Justice Roberts emphasized that such a broad exercise of power required clear congressional authorization. The ruling threatens Trump’s economic agenda and could necessitate refunds of nearly $134 billion collected from tariffs.
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