The decision does not affect all of Trump’s tariffs but invalidates those implemented using an emergency law.
Delivering a major blow to President Donald Trump, the Supreme Court on Friday ruled that he exceeded his authority when imposing sweeping tariffs using a law reserved for a national emergency.
The justices, divided 6-3 held that Trump’s aggressive approach to tariffs on products entering the United States from across the world was not permitted under a 1977 law called the International Emergency Economic Powers Act (IEEPA).
That’s basically what he just said he’s going to do. Fucking wild.
Well people and businesses just love to invest in banana republics where the dear leader can change laws every 5 minutes for whatever thing he is just angry about.