Court curbs Trump's tariff power, paving refunds and policy rethink

1 min read
Source: BBC
Court curbs Trump's tariff power, paving refunds and policy rethink
Photo: BBC
TL;DR Summary

US Supreme Court rules Trump exceeded his authority to impose sweeping global tariffs via emergency powers, saying Congress must authorize tariffs; while targeted duties could continue and refunds for paid tariffs may still occur, the decision forces a rethink of the administration's trade policy as markets react.

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