The Supreme Court scrambled the U.S. trade landscape Friday when it struck down the centerpiece of President Trump’s second-term tariff program, ruling 6-3 that his sweeping blanket tariffs are illegal.
The ruling came just over one year into Trump’s second term and after skeptical questioning from key justices during oral arguments last November. It appears set to immediately halt a massive section of Trump’s tariffs, announced last year on “Liberation Day,” using a 1977 law called the International Emergency Economic Powers Act (IEEPA).
#trumptariffs #tariffs #scotus #trump
Featuring (in order of appearance):
U.S. President Donald J. Trump
Yahoo Finance Host Julie Hyman
Pangaea Policy Founder Terry Haines
Fmr. Assistant U.S. Attorney in the Southern District of New York Nick Akerman
Yahoo Finance Washington Correspondent Ben Werschkul
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