Trump Tariffs Struck Down By Supreme Court In A 6-3 Decision

The court said that President Trump exceeded his authority by invoking an emergency-powers law.

The U.S. Supreme Court on Friday struck down President Donald Trump’s tariffs in a 6-3 decision.

The court said that President Trump exceeded his authority by invoking an emergency-powers law. However, the court did not specify to what extent importers were entitled to refunds.

According to a Reuters report citing an estimate from Penn-Wharton Budget Model, importers could be entitled to refunds to the tune of $175 billion.

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