The Supreme Court has turned down around half of the tariffs imposed by the Trump administration in a key ruling issued on Friday, February 20.
In the ruling, the Supreme Court determined in a 6-3 vote that the 1977 International Emergency Economic Powers Act (IEEPA) does not give the US president the authority to levy tariffs. That bill is behind a significant portion – but not all – of the sweeping global tariffs that the US began levying just a few short months after Trump took office.
