Trump tariffs blocked by Supreme Court ruling

The Supreme Court delivered a rare legal defeat to Donald Trump, ruling 6-3 that his administration overstepped its executive authority by imposing certain tariffs. The decision found that the International Emergency Economic Powers Act (IEEPA) does not grant the president the power to set tariffs on imported goods, upholding earlier lower court rulings. Trump had sought to implement a baseline 10% duty on all imports, plus steeper reciprocal rates on partners like China, citing a national emergency declared in April 2025. The Court determined that IEEPA's provisions for regulating imports during an emergency do not extend to tariff-setting, a power historically reserved for Congress under the commerce clause. Consequently, the ruling nullifies Trump's country-specific "reciprocal" tariffs and a 25% tariff on certain Canadian, Chinese, and Mexican goods previously linked to fentanyl, though some other tariffs remain in place. Trump criticized the decision as politically motivated.

(Source：Crypto Briefing)