Summary
- The US Supreme Court said it has deemed President Donald Trump’s global tariff measures invalid.
- The Court ruled that the president exceeded his authority by imposing broad tariffs without explicit approval from Congress, meaning the policy has lost legal effect.
- The ruling is expected to set an important precedent for the scope of the executive branch’s trade authority, increasing the likelihood that future large-scale tariff measures will require an explicit delegation from Congress.
The US Supreme Court has deemed President Donald Trump’s global tariff measures invalid.
According to Walter Bloomberg on the 20th (local time), the Court ruled 6–3 that the president exceeded his authority by imposing sweeping tariffs without explicit approval from Congress. As a result, the tariff policy has lost legal effect.
The ruling is expected to serve as an important precedent for the scope of the executive branch’s trade authority, raising the likelihood that future large-scale tariff measures will require an explicit delegation from Congress.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
