In a major blow to US President Donald Trump, the US Supreme Court struck down his sweeping tariffs on several countries, saying he exceeded his authority with his trade policies by using a law reserved for a national emergency.
The Conservative-majority court held in a 6-3 ruling that Trump’s aggressive approach to tariffs was not permitted under a 1977 law called the International Emergency Economic Powers Act (IEEPA). The decision upends most of Trump’s tariffs, leaving in place the ones he imposed on steel and aluminium using different laws.
However, Trump said he has a “backup plan" on tariffs after the Supreme Court verdict, even though he did not offer much details. However, business owners who had to pay the tariffs and challenged them expressed relief at the hearing.
Source: World News in news18.com, World Latest News, World News
