Supreme Court ruled on Friday that Trump’s sweeping global tariffs, ushered in under the International Emergency Economic Powers Act, were unlawfully imposed
On Friday, the U.S. Supreme Court ruled that Trump’s sweeping global tariffs, ushered in under the International Emergency Economic Powers Act, were unlawfully imposed. Trump had used the act to charge huge levies on countries, including 50% on India, which was later reduced, and 34% on China.
By Friday night, the president posted on Truth Social that he signed an executive order enabling him to bypass Congress and impose a 10% tax on imports from around the world. “It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately,” Trump wrote.
Less than 24 hours later, Trump said he was bumping up the tariffs to 15% “based on a thorough, detailed, and complete review of the ridiculous, poorly written, and extraordinarily anti-American decision on Tariffs issued yesterday.”