The U.S. Supreme Court has deprived the Trump administration of its most frequently used tool of economic pressure: the indiscriminate imposition of tariffs under the International Emergency Economic Powers Act. In its ruling, the Court declared the tariffs illegal, curbing the president’s ability to unilaterally impose global import taxes. This decision marks a significant setback for Trump’s trade strategy, which relied heavily on emergency powers to enforce broad tariffs against multiple countries. The ruling is expected to have major implications for U.S. economic policy and international trade relations.
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