In a landmark 6-3 decision, the U.S. Supreme Court has officially struck down President Donald Trump's sweeping global tariffs today, delivering a major blow to a central pillar of his economic agenda. The historic ruling has immediately sent ripples through Washington and global financial markets.
The Legal Battle and Ruling: The controversy centered around the administration's use of the 1977 International Emergency Economic Powers Act (IEEPA) to impose blanket "reciprocal" tariffs on nearly every foreign trading partner. The Supreme Court ruled that the executive branch overstepped its constitutional authority, violating the "major questions" doctrine. The court reaffirmed that the power to levy such wide-ranging tariffs ultimately rests with Congress. Conservative Justices Clarence Thomas, Samuel Alito, and Brett Kavanaugh dissented.
Market Reaction and What's Next: Despite the dramatic legal defeat, U.S. stock markets held relatively steady today. The S&P 500 and Dow Jones Industrial Average showed minor gains, as the decision was largely anticipated and priced in by investors. Top Democrats have praised the ruling as a massive win for American consumers and small businesses facing rising costs.
However, legal experts and trade analysts warn that the trade war is far from over. The administration is reportedly already exploring alternative legal avenues—such as Section 122 of the 1974 Trade Act—to quickly reinstate replacement tariffs.
Will this Supreme Court ruling permanently end the era of sweeping global tariffs, or is it just a temporary roadblock for the administration's trade policy? Stay tuned to Truth Stream USA News as we continue to monitor this rapidly developing story and its impact on the US economy.
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