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