- Donald Trump's sweeping global tariffs have been struck down by the US Supreme Court, in a major blow to the president's economic agenda, that he calls a "disgrace"
- With a 6-3 majority, the Supreme Court rules Trump exceeded his authority when he imposed tariffs via a law reserved for national emergencies - they say he needs congressional approval to impose taxes on imports
- The court's decision represents a rare check on this president's broad use of executive authority - read our North America correspondent's snap analysis
- The ruling applies to his so-called "Liberation Day" tariffs, but not individual tariffs he's imposed on specific countries or products
- Trump has long argued tariffs boost American manufacturing - but many in the business community, as well as Trump's political adversaries, say the costs are passed onto consumers
- Wall Street responds quickly and positively to the court's ruling in early trading
- What are tariffs? They're taxes on imported goods, which are usually charged as a percentage of a good's value. They're paid to the government by companies bringing in the foreign products
Trump's sweeping global tariffs struck down by US Supreme Court
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Isint there enough Trump threads? 😴
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"It should be noted that today's judgment does not affect all of the President's tariffs, including the levies he imposed on steel and aluminium through different laws, which impacted the UK.
"However, it upends his tariffs on a country-by-country or "reciprocal" tariffs, which range from 34 per cent for China to the 10 per cent baseline for the rest of the world."
"As such, the President could attempt to use other laws in an attempt to reimpose these tariffs which are now deemed illegal"
So essentially he will just rebrand his "tarrifs" into somthing else. 🤷♂️
Supreme Court rules on Trump tariffs in major test of executive branch powers
The Supreme Court ruled on one of the president's signature economic achievements, which Trump has billed the tariff case as 'life or death' for the US economy.
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Donald Trump tariffs declared illegal by US Supreme Court
Since returning to the White House, President Trump has made tariffs central to his economic agenda
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"It should be noted that today's judgment does not affect all of the President's tariffs, including the levies he imposed on steel and aluminium through different laws, which impacted the UK.
"However, it upends his tariffs on a country-by-country or "reciprocal" tariffs, which range from 34 per cent for China to the 10 per cent baseline for the rest of the world."
"As such, the President could attempt to use other laws in an attempt to reimpose these tariffs which are now deemed illegal"
So essentially he will just rebrand his "tarrifs" into somthing else. 🤷♂️