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).
Oh somebody will get money back. Just not the consumer. I almost wonder if this wasn’t the plan all along. All that money will be refunded to the company that “paid” them as they passed the costs on to the consumer. And don’t think for a second that prices for anything will return to pre-tariff levels. Also makes you wonder if that was also by design.