Supreme Court Strikes Down Trump's Sweeping Tariffs

In a 6-3 decision, the U.S. Supreme Court ruled that President Trump exceeded his authority when he used the International Emergency Economic Powers Act (IEEPA) to impose sweeping global tariffs. The ruling invalidates the "reciprocal" tariffs from Liberation Day and the duties on Canada, Mexico, and China tied to fentanyl trafficking — but leaves sector-specific tariffs under other statutes in place.