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Supreme Court expected to rule Friday on Trump's power to impose tariffs

On HALO

3 weeks ago

The nation’s highest court is poised to rule Friday on a case that could redefine the scope of President Donald Trump's trade agenda.The cases stem from lawsuits filed by an educational toy manufacturer and a family-owned wine and spirits importer challenging Trump’s tariffs. The court must decide whether the International Emergency Economic Powers Act (IEEPA) gave the president the power to impose the tariffs, or whether the move overstepped constitutional limits.TRUMP DEFENDS TARIFFS, SAYS US HAS BEEN ‘THE KING OF BEING SCREWED’ BY TRADE IMBALANCETariffs are taxes levied on imported goods. A...