Eclipse

[*Walter Bloomberg @DeItaone]

SUPREME COURT STRIKES DOWN TRUMP’S GLOBAL TARIFFS

The Supreme Court ruled Friday that President Trump’s global tariffs are illegal, rejecting his use of emergency powers to impose trade duties.

• The tariffs, covering imports from Canada, China, Mexico, and nearly all countries, were projected to raise $1.5 trillion over a decade.
• Trump justified them as a response to fentanyl and trade deficits, declaring national emergencies.
• Lawsuits argued the tariffs were unauthorized taxes on Americans, and lower courts largely agreed.
• The decision ends a signature White House trade policy, which had remained in place during litigation.

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@hexapjack

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@christlii_