The US Supreme Court, in a 6–3 ruling, struck down president Donald Trump’s tariffs imposed under the international emergency economic powers act, or IEEPA. Within hours, trump signed an executive order ending all IEEPA tariffs. But the tariff regime did not disappear. Instead, the administration moved quickly to replace them with a global 15 percent tariff under section 122 of the trade act of 1974, later increased to 15 percent.


Trump's 15% Tariff May Lower Trade Costs Short-term

In a major setback to president Donald Trump’s trade agenda, the US Supreme court struck down several of his sweeping import tariffs in a 6-3 ruling. The court held that the international emergency economic powers act, or IEEPA, does not authorise the president to impose broad global tariffs.


President’s IEEPA Authority Rejected by Supreme Court

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