U.S. Congress

organization

Last mentioned: 2d ago

Timeline

  1. SCOTUS Ruling

    The Supreme Court issues a 6-3 decision invalidating the use of IEEPA for broad-based global tariffs.

  2. Tariff Implementation

    President Trump utilizes IEEPA to impose broad global tariffs shortly after taking office.

  3. IEEPA Enacted

    Congress passes the International Emergency Economic Powers Act to grant the President authority during national emergencies.

Stories mentioning U.S. Congress 1

Financial Regulation Neutral

SCOTUS Curbs Presidential Tariff Power in Landmark 6-3 Ruling

The U.S. Supreme Court has invalidated President Trump's use of the 1977 International Emergency Economic Powers Act to impose broad global tariffs, ruling 6-3 that such authority rests with Congress. This decision significantly restricts the executive branch's ability to bypass legislative oversight for trade policy under the guise of national emergencies.

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