SCOTUS has invalidated most of President Donald Trump's tariffs, a cornerstone of his economic policy in his second term. ABC News' Mary Bruce reports.
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'It’s like there’s a tornado'
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'It’s just interesting'
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'Kids are here to be used'
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The Supreme Court cast aside the bulk of President Trump’s sweeping tariffs Friday, obliterating a canon of his economic strategy in ruling that his use of an emergency statute to remake global trade was unlawful. The decision invalidates what the Trump administration called the president’s most significant economic and foreign policy initiative of his second term, a result Trump has warned could foist financial ruin upon the United States.
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The Supreme Court has spoken. What now?
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In a 6-3 decision, the Supreme Court struck down President Donald Trump’s sweeping global tariffs.
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'[The International Emergency Economic Powers Act] IEEPA does not authorize the President to impose tariffs,' the court ruled.
In a 6–3 decision, the court ruled that the president exceeded his authority by relying on the International Emergency Economic Powers Act of 1977 to impose tariffs on U.S. trade partners
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