US Supreme Court Trump Tariff Ruling Live Updates: The Supreme Court has ruled that Donald Trump's sweeping emergency tariffs are illegal, a major blow to the White House on an issue that has been central to the president's agenda.
US Supreme Court Trump Tariff Ruling Live Updates: In a significant legal setback for donald trumpThe Supreme Court of the United States On Friday it ruled 6-3 against its sweeping global tariff regime.
The majority held that the statute used to justify the import tariffs “does not authorize the President to impose tariffs”, effectively invalidating unilateral measures imposed on many countries. However, the court did not say whether the affected parties would be eligible for tariff refunds.
This decision has broad implications for executive authority in trade policy and may reshape the legal framework governing future tariff actions.
US markets reacted positively. Dow Jones Industrial Average While increased by 93.81 points or 0.2% S&P 500 There was an increase of 0.3%. tech-heavy nasdaq composite 0.5% advanced, supported by 2% increase Alphabet Inc. share.