The Supreme Court on Friday struck down a crucial batch of President Trump’s tariffs – but there are still plenty of high levies on certain industries that will stay in place. Tariffs imposed under the International Emergency Economic Powers Act (IEEPA) to crack down on trade imbalances and fentanyl smuggling surpassed Trump’s presidential authority, the Supreme Court ruled in a 6-3 decision.
The ruling does not, however, discard tariffs enacted by the Trump administration using Section 232 of the Trade Expansion Act of 1962 – a provision meant to protect US national security. Many of Trump’s so-called “reciprocal” tariffs on foreign nations have been tossed out, though the president has warned there are other ways for him to enforce the import taxes.
