The US Supreme Court ruled Friday that Donald Trump exceeded his authority in imposing tariffs on the rest of the world. The Supreme Court upheld a lower court's decision that the President did no have the power to impose tariffs
It rejected the arguement that International Emergency Economic Powers Act (IEEPA), a 1977 law allowed the President to impose tariffs. Trump has leveraged tariffs as a key economic and foreign policy tool. The ruling does not impact sector-specific duties that Trump has imposed on imports of steel, aluminum and various other goods
The Republican leader had described the tariffs as important for US economic security. The US Constitution grants Congress, not the president, the authority to issue taxes and tariffs