The Supreme Court ruled that Donald Trump could not use the International Emergency Economic Powers Act to issue tariffs. Jeremy Dalrymple from R Street says the decision was expected. The only surprise was how long the Court took. The ruling states that IEPA was never built for tariffs. Congress holds the power to tax, and the Court reinforced that.
Trump responded by using other laws that allow short-term tariffs with clear limits. He already set a 10% tariff that expires in 150 days unless Congress renews it. The decision also raises a big question: what happens to the money collected under the blocked tariffs?