US Supreme Court: Trump Administration's Sweeping Tariff Policy Ruled Illegal
New York (ANTARA) - The United States Supreme Court on Friday (20/2) ruled that the sweeping tariff policy imposed by US President Donald Trump under legislation intended for use during national emergencies is illegal.
In a six-to-three decision, the US Supreme Court declared that tariff policies based on the International Emergency Economic Powers Act (IEEPA) are unconstitutional, thereby formally striking down the global tariffs introduced by Trump since April.
The justices ruled that the president does not possess the authority under IEEPA to impose import tariffs on goods from nearly all of the United States' trading partners.
The vote affirmed that the right to levy taxes is held by Congress, not the president.
The ruling is expected to affect global trade, corporations, inflation, and the financial circumstances of every American citizen, local media reported on Friday (20/2).
On 2 April, Trump announced that the US would impose a "minimum baseline tariff" of 10 per cent on virtually all imported goods, along with even higher tariffs on certain specific trading partners. He claimed the higher tariffs would help boost government revenue and revive the US manufacturing sector.
On 23 April, a coalition of 12 US states filed a lawsuit against the Trump administration over the "illegal tariffs" at the US Court of International Trade in New York.
On 29 August, a federal appeals court upheld the Court of International Trade's ruling, stating that Trump had erroneously used IEEPA as the basis for imposing the tariffs.
In September, the Trump administration appealed to the Supreme Court to determine the legality of the tariffs.
In a six-to-three decision, the US Supreme Court declared that tariff policies based on the International Emergency Economic Powers Act (IEEPA) are unconstitutional, thereby formally striking down the global tariffs introduced by Trump since April.
The justices ruled that the president does not possess the authority under IEEPA to impose import tariffs on goods from nearly all of the United States' trading partners.
The vote affirmed that the right to levy taxes is held by Congress, not the president.
The ruling is expected to affect global trade, corporations, inflation, and the financial circumstances of every American citizen, local media reported on Friday (20/2).
On 2 April, Trump announced that the US would impose a "minimum baseline tariff" of 10 per cent on virtually all imported goods, along with even higher tariffs on certain specific trading partners. He claimed the higher tariffs would help boost government revenue and revive the US manufacturing sector.
On 23 April, a coalition of 12 US states filed a lawsuit against the Trump administration over the "illegal tariffs" at the US Court of International Trade in New York.
On 29 August, a federal appeals court upheld the Court of International Trade's ruling, stating that Trump had erroneously used IEEPA as the basis for imposing the tariffs.
In September, the Trump administration appealed to the Supreme Court to determine the legality of the tariffs.